A “three pushes to high” top often develops as a leading edge of a larger, longer topping formation. This scenario may be a reliable indicator of decreasing momentum.
The way it typically forms is as follows:
1. The first push creates a new high outside the upper band.
2. The second push makes a new high and touches the upper band
3. The third push makes a...
In this video, I reviewed what happened to bitcoin since Monday with some highlights below:
1. On daily and weekly, no doubt BTC is still in the uptrend. Key zone and levels remain well
2. What Yellen said and how to use fib and measure move to guess the price move (Fib, ab=cd and daily bullish flag structure)
3. Alternative option for less risky investors or traders.
ASX:LSH LifeSpot Health
- Ascending Triangle forming against resistance
- Uptrend respected
- Volume increasing
- MACD Bullish
- RSI Bullish
- Measured Move & TB Fib Extension Targets Aligning
If price is to be held below Daily Resistance and Breaks Uptrend then a return to @.10 is likely
NOTE: Position would only be taken as...
NASDAQ: AMZN Amazon.com, Inc. is an American multinational technology company based in Seattle, Washington, which focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence.
Bullish Outlook (WEEKLY):
- MACRO Ascending Triangle forming against Weekly Resistance
- TB Fib Extension target 0.786 lining up with Internal Fractal Move...
Price broke out of a 4hour ascending trend line that is lined up with a structure level,
Price has the potential to retest the broken zone and move lower,
Wait for a RETEST (Price Closes Above the previous level of Support)
Once Price Confirms Support as New Resistance (Ceiling). Enter the Trade.
Good Luck to you all,
If you liked this idea,...
Bitcoin looking Bearish on the daily.
- Daily Bullflag Completed
- Internal Measured Move Completed confirming Daily Resistance level
- 50k Psychological Level Confirms as Resistance
- MACD turning Bearish and Cross anticipated
- RSI overbought and showing Hidden Bearish Divergence signal
Note: Awaiting new Support level to be identified off Fib Retracement...
ASX:PPG Pro-Pac Packaging Limited, together with its subsidiaries, engages in the manufacture and distribution of industrial, flexible, and rigid packaging products in Australia, New Zealand, and Canada.
Currently waiting to see if price breaks Daily Resistance and confirms the Marco Ascending Triangle which is highlighted blue. Targets are the...
Perfect wave propagation and respecting all the levels. One of my better calls (see related idea/post to see progression of the price).
Currently stalling at a measured objective but I do think the trend is strong and should hold as long as we don't see price going below 0.042 (short term). We might see a bit of sideways here and the key short term support level...
The reason I like to review the pair is that I've in SG for 8 years. It's my second home. Most importantly I have SGD deposited in the local bank. Personally, I prefer to strong SGD.
The reality is harsh. I don't know what happened on Jan. 8th. But the long lower wick really opened the downside space. The potential low is 4.63(measured move).
Singapore got hit...
Would be more clever than cringe-worthy if I were a PermaCow.
Either way, it is rare that Google's expensive stock shows such volatile daily swings. If tomorrow's red, this will be my main horse.
Speedlines are a technical tool that uses the principle of 1/3's (Fibonacci %s) based on the previous uptrend or downtrend.
Price is measured at the peak of the uptrend by drawing a trendline connecting at least 2 points.
Once The trendline is broken the next correction or break should occur at the next price point equivalent to 1/3 the distance traveled.
Hello fellow Traders,
We are looking at the BLX chart on the Weekly to establish a long term directional bias for Bitcoin. I trade using David Halsey's Measured Move trading system. While this system is just Fibonacci retracements, the "special sauce" behind this system is how the pivots are chosen for those Fibonacci retracements. This system has a...
Another stock that is stuck in a symmetric wedge or if I say pennant pattern also. For long play, once it breaks above the wedge, it can move to ~ 41. To protect losses for long play, the red solid line should be treated as a stop loss.
Also, it's holding 20MA (green line) which is giving it a bullish sentiment.
Disclaimer: I"m NOT a financial advisor. All...