A close above previous high shows that the buyers are leading the current wave, a move back to test the pivot 1 could be doable but not so easy considered the actual momnetum. Only with a move back and with a close under pivot 1 we will reconsider the long positions opened in the 0.05 ish. Update of:
Pitchfork , is a technical indicator for a quick and easy way for traders to identify possible levels of support and resistance of an asset's price. It is presents and based on the idea that the market is geometric and cyclical in nature * Developed by Alan Andrews, so sometimes called Andrews’ Pitchfork * It is created by placing three points at the end of...
These aee not holygrail level but you will find btc to show a reaction on these levels and we can scale down to lower timeframe for a trade.
COINBASE:BTCUSD PLEASE LIKE AND COMMENT IF YOU FIND IT MAGNIFICENT
OANDA:XAUUSD To see more clearly the explosion of the price of gold it is necessary to look at the Andrews's Pitchfork. Indeed you just have to wait for confirmation of a rebound or a break to enter either SELL or BUY as shown on the graph! A principle that is simple but very effective as you can see! The fork is a tool to integrate to better analyze! If ...
In this video tutorial, we quickly want to show you how to extend your drawings across your chart. The steps to getting started are easy: 1. Draw a Pitchfork, Fibonacci Retracement, or Trendline on your chart. 2. Open the settings of your drawing. 3. Find and check the box that says "Extend Lines Left" or "Extend Lines Right" We think this feature is an...
WAVE 3 OF WAVE C OF WAVE B TECHNICAL SL AND A REDUCED SL, WITH LESS RISK BUT WITH GOOD CHANCE OF NOT BEING TOUCHED. TAKING THE GUIDELINES OF THE TRIDENTS : IF AT THE BEGINNING OF A TRIDENT OF ONE HARMONIC (GARLEY IN THIS CASE) A 5-WAVE IMPULSE BEGINS, THE PRICE HAS 80% CHANCE OF REACHING THE CENTER LINE (DOTTED RED) AND NOT BREAKING THE SIDE LINES. ONDA 3 DE LA...
We might have a different view of "chart pattern"...I'm inclined to Bullish View? How about You?
P/S: Unlike conventional, To have consistent Elliott wave counts,there is ONLY 3 subwave ( abc ) counts on ANY Impulsive wave (1,3,5) VS conventional counts which is 5 subwave (1,2,3,4,5)
Hi . Thank you for looking . . Its hard ATM for anyone to predict whats going on . I was trying to put some sort of channel on this and after doing so I dragged the pitchfork and they mach perfectly so why bother ... I think this is good look for now with this price moves . We can still see accumulation on smaller time frames witch its conforming...
For Education Purpose ONLY Murphy's law : "Anything that can go wrong will go wrong". So?!! Cut lost , cut lost AND CUT LOST!! If anything wrong! P/S: Unlike conventional, To have consistent elliot wave counts,there is ONLY 3 subwave ( abc ) counts on ANY Impulsive wave (1,3,5) VS coventional counts which is 5 subwave (1,2,3,4,5)
That's a question many traders have. Unfortunately only the minority can identify the real Swings & Pivots in the markets correct. Go to the Blog of my website and learn this simple rule and read how you can implement them in your trading. Maybe your PNL will skyrocket too... P!
ANDREW'S PITCHFORK BASIC TRADING GUIDE FOR TRADER by Shah Mohammad - XIG Markets Analyst shah.mohammad@xigmarkets.com Andrew's Pitchfork's Rules Before and during trading always remember: 1. The probability of price movement towards the median line is high. 2. When reaching the median line, the price movements will reverse or exceed the median...