Analysis - Black: D1 long fork (near the upper parallel) - Red: H4 long fork (near the median) and previous week's levels - Orange: H1 long fork (near the median) and double bottoms - Yellow: m15 long fork (near the median) Next move - Purple: H1 trendlines - Blue: H1 levels to be retested
- Black: D1 long fork (median) - Red: H4 long fork (median) and previous week's levels - Orange: H1 long fork (near the median) and triple tops, bottoms - Yellow: m15 long fork (upper parallel) Next move - Purple: H1 trendlines - Blue: H1 levels to be retested
Analysis - Black: D1 long fork (lower parallel) - Red: H4 long fork (lower parallel) and previous week's levels - Orange: H1 long fork (median) and double tops, bottoms - Yellow: m15 long fork (upper parallel) Next move - Purple: H1 trendlines - Blue: H1 levels to be retested
Andrew Pitchfork on FX:SPX500 Andrew's Pitchfork, also known as the median line tool, is a technical analysis tool used by traders to identify potential levels of support and resistance for an asset's price. It consists of three parallel lines that are drawn based on three consecutive points in the price chart, usually a high, low, and another high (or vice...
As imy last weeks analysis said will will short GOLD until some factors change the market including the demanding of gold in very portential zone found in weekly chart. NB.TAKE RISK WITH YOUR BRAIN THIS IS NOT ADVICE IS JUST AN IDEAL/CHEERS
TLDR: THE SPX HAS JUST RETRACED 50% OF THE UPMOVE IN PRICE SINCE MARCH 2020 IN 50% OF THE TIME; THIS PROBABLY WASN'T A BEAR MARKET, BUT A TECHNICAL CORRECTION The 50% Rule of W.D.Gann states that an asset will usually retrace 50% of its range in 50% of the amount of time that it took to establish the range. Doctor Alan Andrews described the Action-Reaction...
Bitcoin situation from the point of view of Andrews fork and curved trendline The price is breaking the trendline and in the upper channel of the swing fork, which usually tends to reach the middle line of the fork.
--- Weekly Time Frame - Bearish weekly channel - Three scenarios
Clearly price still in downtrend Andrew Pitchfork. Seller still in charge.
This is a reverse Andrews Pitchfork. The A Point is higher than the C Point. The Andrews Pitchfork is a tool, nothing more or less. This tool, applied correctly, projects the most probable path of price. So nothing magic or secret. The Andrews Pitchfork roots from a physical basis. And that's the reason why we can apply it on EVERYTHING that fluctuates. So, if...
I have never has any interest in Bitcoin nor its derivatives. I like the technology but believe we are still in its early days. That is not to say however I don't follow it. One equity way to position a Bitcoin view is with GreyScale Bitcoin Trust. So currently on a weekly basis there there are two current bullish harmonic Patterns in play ... A...
I sometimes like to use Andrew’s pitchforks on my charts, to help me to determine if we are coming close to a break point and I need to start paying more attention to a particular asset class, and I think we may have an interesting one on Bitcoin – take a look below. For those unfamiliar with this tool….I have taken this from John Murphy’s Chart school……’ Andrews'...
HI every one , In my opinion, if we give Bitcoin a little time, we will not lose anything, especially when it can be bought again at the bottom.
Yes, SP500 is down a lot. Many indicators show oversold. But what I see here is nothing more than a natural pullback, which seems to align with the Pitchforks 50% Parallel. To me this could be a gift from the god to load up a little more. My target is still the Centerline. From there, we will see how the market behave. #planyourtradeandtradeyourplan
Observing unusual Options activity is often a good indication on how big players are betting. ( The snippet here was taken from the YTuber Maverick Of Wallstreet. I watch his channel every single day. I learned so much from him, and everyone else can too - 100% free btw.) Here we see large PUT buying volume for the 120 Strike. However, you can't take this as...
After the break of the white dashed CL, price came back to test it. Textbook like according to the rule-set. Next target is a) the L-MLH and then b) the red CL Would not be surprised if we see a Re-Test of the white CL. Next...
The 0 - 5 count could be over in a couple days. When price reaches the L-MLH, then we know that it's stretched extremely. As a Pitchforker you know that these are the greatest opportunities to trade. So let's observe it and maybe we find a good Risk-Reward entry.
Beginning from the left, we see where price broke out, where many made and lost millions. From there on, price went down with huge up-swings in between. What's that orange inside pitchfork? This pitchfork gives us a kind of a Swing-Frequency. What does this mean? Well, it's nothing more then a measurement of this stocks swing volatility. Furthermore it combines...