From the U-MLH, pullback down and up again, to bang the head at the A/R. And for classic pattern recognition lovers, we also see kind a H&S. From the U-MLH, we have a great chance that price comes down to the Centerline, as "Timing Is Key" found in the old documentaries from Andrews himself. P! For those of you who like to evolve in Trading and are interested...
Near the TB, priceaction becomes nervous very often. So, i would not wonder if price pokes through the TB, even up to the WL (Wanring Line - Dashed Black) and then fall again, even back to the U-MLH (Upper Medianline Parallel) or to the L-MLH. Interested in Action/Reaction and the Forks? Here is a very basic course for you - free: mytradingcoach.teachable.com
Understanding where extremes in markets luring, can be very helpful. Most of my trades are with options for credit See where the green circle is - it's where the lower extreme sitting to shoot up price again like a cannon. The opposite is at the CL (Centerline), where the red circle is. This is where the energy is running out. Now we will see price back to the...
A/R's giving support around 0.99 Red down fork's UML-H is broken with a nice close and a PinBar, marking more support for the pair. Going for upper Extreme (blue / black A/R) P! Free, very basic A/R Crouse: mytradingcoach.teachable.com
9200 will be the spot where I will begin to look for going long stocks that outperformed the index while it declined. Preferable we will get a spike in VIX, an extreme Equity Put/Call ratio and a oversold RSI
I must say Fib channel is my new favourite tool to draw action reaction lines. Look how price action respects these lines!
Almost everything I know about TA is represented in this chart!
This Company was mentioned in my options group and it looked very interesting to me. So i got my hands on it and found a nice potential trade. The fast run down seems to have a end. Frequency catched up bevor, then shifted and now we find price at the WL (Warning Line), where the shifted Frequency meets Action/Reaction. Potential for a long with a nice stopp...
Trade what you see...Facts, nothing more. In this Chart the facts are, Gold has had havy resistance athe the CL's and the U-MLH, now breaking the most important, Big-Boy CL's again to the South. Steam is blown in the wind and many probably getting hurt...again... Longterm i see Gold far below 1100, not just at the CL. ...but this is just my opinion, no facts,...
I don't see a trade here that I like, but I thought the chart was worth sharing. Aussy melted down swiftly after breaking its old range. Price often doubles the range after a strong breakout. My gut feeling is there is more downside, but I think price needs to coil a bit and store up some more energy to fall more. We'll keep an eye on it for a great trade with...
The market forces that move price can't help the fact that price returns to balance. The prior action to the upside above the balance line was followed by reaction to the downside. Next, moving along the red fork, price went up by the same extent as it had been to the downside. :-) Now it's found resistance at the bear trend line as well as the balance line. Next,...
*repost because last publish did not display the chart properly* CAD still looks to be consolidating sideways after the nice move up off the early July lows from A to B. Since price hasn't collapsed after taking out the lows at D, it looks like stop hunting may have taken place. The long wick of the bear candle at E is a nice place to hide a new stop. If...
It seems to me that GBPUSD is gathering energy for the last move down - to reach the big-scale 50% reatrecement at 1.6522. The 1.66 key level has proved to be a strong resistance for the recent price action. Should it fail to hold though, price might get to the median line, thus retracing 61.8% of the recent swing down. But the down trend is very strong. GBPUSD...