UA - Under Armour, potential return to the centerline.As you see, it looks like the price to the downside is perfectly stretched.
The A/R Set meets perfect with the down sloping centerline.
Guess what trade I do? ;-)
Pè
C-FORK
BTCUSD - Bitcoin still strong after bounce at the centerlineThe Swings...
...point one to the real direction. If a LH is clearly broken, then price has a high potential to turn the direction. One could make a living from trading only by trading the swings, depending of amount of capital and skill of course...no free lunch in the markets and no holy grail.
The Fork...
... measure the Action/Reaction of price movement. Since price reaches the centerline over 80%, the potential target was already reached.
The parabolic move...
...indicates that price is gaining "momentum" - as far as we can use this term on the weekly timeframe. But with this tool we can see that price is heading to the upside with more and more juice.
Where will price go next...
...is only in the hands of the market. It is not my intention to "predict", but to project where it possibly could go. Projections have nothing to do with the trade itself. Projections are one peace of the puzzle for higher chances of successful trading.
And the trade...
...is not ripe yet for me. There is no signal, no hint, nothing - just the actual path of price and the facts I already wrote. With these in mind, I observe and watch for signal, screams and obvious behaviour.
Be happy & learn to earn §8-)
P!
ES - Down to the Lower Medianline Parallel 2275-72Nice run up to both centerlines.
The turn at the white centerline implies a potential turn to the south for a couple points.
Although a retest of the centerline is possible, my short is in.
P!
AUDUSD. Long correction in a correctionAUDUSD reached an important support level which is, at the same time, placed at fork´s Median Line. Pair is now bouncing and I believe it will try to complete an eventual Cypher pattern which ends close to the fork Top Line.
I missed a run today so will open a long position now, SL: 0.71, TP: 0.76
XAUUSD - Lower Exteme Creates A SlingshotSo here we are at the lower ML-H.
Tis is the extreme according to the movement of this product.
I highly expect a potential slingshot up to the Centerline.
Happy Christmas & Peace!
TLT - Flipped back to centerline and now up again.After the hard selloff, TLT decided to flip back up the centerline.
I patiently waited for this pullback to initiate a RiskReversal, which is in play since last week.
Play it small and often and enhance your chance to fulfil the stats numbers.
P!
Cocoa - Pain's not overAt least in the monthly, cocoa looks to drop even more.
Potential bounce up to the yellow A/R line, then continue down.
P!
BITCOIN - BTCUSD - The world is NOT FLAT!...by no means!
Every action has a reaction, travels around the globe and comes back again.
Western society doesn't seem to get it...
However - What we se here is not a fluke.
It's exactly the mirror of Action/Reaction.
It's based on fundamental behavior, which in it self follows this universal law.
We all follow it, there is no escape. It's the matrix we live in hehe... W8Kup
So, let's see how this will continue, since this article reveilles wha's going on behind the curtain.
PFE - Pfizer to scare the crowd?After the last high, price dropped like a stone in the water.
The last move signifies looks to me like the last puke, to scare the crowd out of the position.
If you think - a market specialist has all the money he needs to manage the market to the big players favor.
But there is one thing that makes me ummmmm.....
...watch the last huge bar in the orange part. It's a huge up- move. Along with the exact test of the L-MLH I would say, that there must sit big supporters.
Swing wise, no lower low is broken yet.
To me these are all signs for a nice and cosy long, with a stop below the base (27/25) for a longer play.
P!
GC - Gold Bugs under pressureHere we have a clear zoom through the centerline.
As of the rules from Andrews, we can expect a pullback to it with a further continuation to the downside.
Keep in mind that the two grey lines are a potential support...I would not ignore this.
Waiting for a pullback and see what's going on.
AUDCADPrice often creates Sine Waves.
These SW's have centers, which get broken very often.
Here we can observe that price did break the smaller SW already.
But there is also a bigger one cooking.
Let's see if price has the juice to break this one also and if we
can manage to take a short ride with price.
Patience...patience...
P!eace ;-)
Crude - Doomed? ...what's doomed?I have some Credit-Spreads on the D. TF and price of CL. is very near at my short strike (50).
Unfortunately this week are some news events about CL.
So I decided to go lower in TF to see what's going on and I found this.
We have a Sine Wave going on in the 480mins.
As of my last postings, you can see that they show up allover the place in any market and any timeframe.
(Sine Waves are a function of Action/Reaction, but I'm still not 100% understand the physics behind it because I'm just a Chart-Nerd and not a physician.)
The Chart is self explanatory.
As for now I will hold my BearCallSpread and preparing to take action if necessary.
Cheers.
GBPUSD - ContextToo many information on charts.
What's a trader to do?
Put context around it to filter and see the important stuff.
Price got rejected at the upper U-MLH (!)
Here we are again. Another rejection will shoot price down to the centerline again (...maybe).
If price can manage to crawl up to the orange line - I call this the 1-Line-Trade - I looking for signals to short it. But I'm never in a hurry and I also don't cry if I miss a trade...there are millions to come...
Happy new week out there!
RUT - Russel arrived at the bounce pointEven in the Daily TF we see a high potential for a bounce to the downside.
WL1 (Warning Line 1) is reached. This will be a nice bet next week.
P!
FB - Facebook ripe do buy?The A/R lines catching the price movement on the up and downside (green rectangles).
After the last zoom through the CL, price stopped at the A/R & L-MLH.
From here I hunt a long signal with options, for example with a RiskReversal or just simple naked puts.
P!
MA - Classic L-MLH test/retestAltough price was in a hurry, it failed to reach the centerline, broke below and now we see the textbook test.
Even a retest (a second one) is possible, bevor heading south.
...trend and flow is still up - not even a prior pivot low is broken...so I have to play it small when shorting the retest.
XLP - Heading Down To CenterlineIf the last highs to the left wont hold, price will meet the centerline.
From there, a reversal is very possible.
Interestingly the neon-blue ray points to the CL too (kinda Wolfe-Wave thing).
Hunting for a long.
P!
TLT - Collecting all from above...To me it looks like a good opportunity to start buying in this underlying if there are signals on the lower TF's.
We will see if the L-MLH will hold.
No need to hurry, but hunting.
P!
ZB - Bonds potentially bounce on the centerlineThis big fork seems to catch the extremes and center of the Bonds.
Centerline is reached and the potential that it will bounce from there is really high.
If I would want to play this underlying, I would switch to TLT...
P!
USDCADFibos matching flat SSBs given by Ichimoku in weekly view. Switching back to daily, the level 0.382 is also a flat SSB. We may expect the price to test these levels again if the current bullish trend continues at this pace.
EURUSD - shorting ideaAfter a rally, EURUSD is slowly reaching an upper band defined by several flat SSBs given by Ichimoku, they act as a resistance zone. Moreover it is blocked by the upper prong of the fork where the price evolved since September. Depending upon the US elections, we may see a rejection of this area with a price returning to the middle of the last swing we observed (25 Sept -> now). Given the technical levels extracted by extending the flat segments of the daily SSB and the median of the fork, 1.10 looks like a plausible target.
Invalidation of the plan in case of non-resistive 1.116-1.120 area.
ES ready to tank?The drawings on the chart catches the movements of the market very nicely.
Yesterday, the close was below the mini- support (white dashed).
A classical pullback to it with no continuation north indicates - ES will probably tank more...and the potential is down to the L-MLH.
I play this with options - selling Call-Spreads or even naked Calls...always small positions, but often.
P!
