All these lines and angles are based on the small circle up top and the horizontal vector that it creates.
I picked the Nasdaq futures instead of cash because I was too far into the analysis when I realized it. Not going to make a huge difference since the Nasdaq is truly a harmonic structure through and through.
The blue line projects out long-term starting...
This is a follow-up to earlier charts where I am tracking the squeeze momentum, ADX, MACD and moving averages to derive some (hopefully) meaningful forecast in the geometric sense- ie. try to plot the trends on the histograms and trend angles on moving averages and signal lines to forecast where we might see bullish crosses/breakouts.
So far this box in place...
In this update I'm taking the U-shape channel off for now to alleviate the need for extending the consolidation phase if it continues to range, and will focus on the price action and triangle we are in-
The first opportunity to recover over the bull market Moving Averages (MA) will come if we break out bullish from the symmetrical triangle Bitcoin is in now....
Here I am analyzing Tesla's downturn using geometry, volume, and trendlines. First, we have a major support line broken yesterday , after historically defending the price for 8 times successfully. Now, this is expected to turn eventually into a resistance as the price tries to jump back into the upper triangle. Since the last year, Tesla's price was forming one...
Now for the final part of the analysis of the market trend and the forecast that it would fall this week.
Do you believe in horoscopes? or God? Perhaps, this post could make you change your mind about one of them.
The market movement is controlled by the mystic Fibonacci sequence. Whether it is by inherent design of mass action or due to the collective following...
Applying historical angle trends to current market.
Historical: 2017 ATH closed that month on the same angle trend the FIB retracement posted to the ATH , when overlayed against the start of the trend versus lowest low.
Current/2021: applying that logic to the current trend we arrive at 1530 for the monthly close.
Note: I am still relatively new at TA so...
-3. trend hit on both trend lines.
-in a paralell pattern.
-at a 61.8 fib level (4h)
- Divergence at 4h
- on its way up to make the 5. elliot wave.
- W pattern at trend hit.
-Doji candlestick at trend hit.
Intersecting points in red can be seen to show bearish moves when reached, respecting the spiral
Primed above the spirals moving average, ready for bullish movement
Kinda like my previous ETH analysis but I felt it needed some fine tuning
Very bullish outlook for the future
After banking a TAKE PROFIT of 150 PIPS, we are going for a LONG position once again.🥳🎉
If you check related ideas ( last time I used geometry on charts ), we banked 185 PIPS. 🤯
So, I basically used the same strategy, but in a different way. 🔥
We've banked over 400 pips so far THIS WEEK, and we will keep the streak. 💥💥
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