Primary Chart: Weekly Chart of MSFT Showing Down Trendline, 200-Week SMA, Key VWAPs and Fibonacci Levels
Microsoft Reaches a State of Equilibrium within Its Downtrend
Equilibrium means "a state of balance." Equilibrium has been reached precisely because MSFT is holding above long-term support, and below its primary downtrend resistance levels. It also has...
On the daily time frame, we see DXY has respected the Equilibrium, instead of breaking through it, it has bounced off and turned back towards the upside.
This confirms the two scenarios, well actually three scenario cases.
First Scenario: Price is ready to run with the bulls and we see stronger pullbacks to the upside, higher highs, and higher lows back toward...
This past week was the last week of trading for the year and man, did it feel like it. The first two days of the week, Tues. and Wed., were clean. I noted earlier in the week that I wanted to see 3780 as an objective but, after being wrong analysis, the Daily Time Frame told a different story. It is at Equilibrium, which Price is likely to consolidate. So, with it...
We're currently close to the middle and I closed my positions. The price has no clear direction of where it's gonna go now, so now I will wait until we either move up to look for sales, or move down to look for buys.
So far we've rejected the weekly high and pushed down into the LTF points of interest. Going into the premarket and NY session I'll be looking for signs of rejection to return to the upside or a continuation of the overall trend.
Mostly favoring a neutral to bearish point of view on this but I don't mind reacting on movement to the upside for a buy if the...
Today bias is buys as well. I will be looking for opportunities to take price into equilibrium(50%) as first target and than will target 50% of the marked imbalance. Will keep you updated when New York session begins.
Recently I was following BTCUSD through its consolidation up until break of structure last Friday 6/10. That series was a local analysis/predictive tool using continuous-time markov chain (CTMC). This is a bigger picture analysis using charting techniques centered around supply/demand trendlines and a statistical method I developed in R studio that measures...
Zoomed in on the Hourly timeframe we can see the EQ playing out a bit more. This EQ however is placed in a position which also indicates that it is a Bearflag.
Aside from the potentially bearish pattern forming, there is also a Bullish Divergence on the RSI below, as indicated by the arrows.
At the point A, the imbalance happened from the base (equilibrium). The price shot high quickly to the point B. After that the price retrace to the point C. The price rose again and broke the swing high of the B. and make the higher high. After that the price got down and broke the low of C.
The price dropped slower than the rally of A. So the projection of the...
If you missed getting in on the first EURUSD entry that I posted yesterday, then this is a good demand zone to get in on as well within a manipulation wick. I expect price to hold and rally from there. But it is in the middle so a small position size incase.
BTC is showing 4 hr mixed signals, currently in a larger timeframe bearish flag pattern, price is compressing into Equilibrium without a clear trend. The Daily H&S back-tested neckline remains a key point of control.
BTC didnt hold the previous range but now we can see that BTC is at eq of the support zone and a weekly level, in jul' 21 we bounced on the eq as shown so are we going to do the same?
Everybody waiting for the 0.618 39k zone so we could never touch it.
Stoch RSI has bottomed too
Range Compression has continued through-out the day as price has yet to escape the gravity of the Bear Flag. A test of the lower bound has resulted in a return to EQ once again. A break of the lower bound has a bear back test on watch.