Price is looking to move back to the main median line. To confirm, wait for the; break of this channel, and strong SR zone. Comments or idea's, let me know below. Thanks for reading!
This pair has been moving between 1.4 and 1.44 for more than a month now. The 8 hour charts shows good reversal signs once again. There's therefore a good chance for a reversal towards the mean. I've set a wider stop loss to accommodate for some volatility from the ECB rate decision tomorrow. Comments or idea's, let me know. Good trading today!
The main trend on the daily chart has a bearish bias as shown by the pitchfork setup. Price at the moment is near SR and the median parallel line, There's a high probability for a short towards the median line (in red on the left). Price needs to make clear bearish moves first. When price makes those lower lows, there's an entry possible for a 1:3.2 RR ratio...
Three different harmonic patterns with a median line equals a strong PRZ, which will continue the recent downward trend.
Just getting into Wyckoff so I married chart with Wyckoff and Andrews Median. It looks pretty textbook example of Wyckoff considering that Sierra Wireless is a leader in Internet Of Things and only has a very small share float. After the ATH when shareprice doubled in 3 months shares fell and appear to be re-accumulating after falling on good news - shakeout In...
Moving chart slightly and superimposing an Inside Pitchfork on shorter timeframe to describe recent weeks it seems we are at top of Fib channel although it doesn't preclude a move into the purple slip band already tested . Very short term short followed by bounce
I suspect a quick retrace probably overnight followed by a bounce early next week for next attempt at new high, however to reach 214 would require momentum plus serious buying power as there is a lot of resistance at 213+ So very short term bearish
I got interested in thinking of market as a kinetic model using kinetic energy building rectangles ala Dr Dologa so I did some back testing on well known bull markets, even at peak 10% is not uncommon and could be considered necessary to build energy to the next level. Notice the jagged energy building features, the V bounces, the almost straight line pivot...
First time trying this prediction method. Using median line you find yearly, monthly, weekly, daily and even intraday trends, these often interact where the lines intersect. I normally use the intraday pitchforks for day trading but usually discard them. It obviously occurred to me not to discard them since one days move often sets up the next days. This is the...
Verification of current median line - apologies - median line disappears when published here
Inside pitchfork prediction for AAPL price following buy back, minimum 134 and max 138, potential low 123.75
Today as expected and foretold last week the lower Median lines were successfully tested Testing involves going under, on, over, under, on, over line like a rolled over 'S' - looks like a jiggle on chart There are multiple medians reflecting the trend time from years, months, weeks, days, hours etc. The longer the trend the stronger support or resistance Chart...
This chart shows current short term trend over last week. The median price is central rising red line which prices respect. It was disrespected 3 times today, usually this means any challenge fails and moves other way. Indicator at bottom is Fisher MTF indicating money flows. Not shown is 50 day MA at 208.90, wont fit on 1 min chart. This is just a short term...
This should be read in connection with Saturdays gap analysis chart. Trend breaks move to test 207.60 range at bottom of blue Fibonacci band. Note pitchforks drawn using co-ord entry of high and low prices for accuracy - not arbitrary placed trend lines
Schiff Pitchfork for Apple, the pitchforks drawn are not arbitrary but use 3 points as pivots, lowest low, trend low and trend high entered through co-ordinate setting to be accurate. The line to watch is central red line, notice the oscillations aka consolidations around it as it becomes a support level then a resistance on failure. There is an 80% chance of...
Median analysis of SPY trends using overnight gaps, retail buying to attempt 211+ then fade by professionals to bottom of trend retestinglng term medium. Ideal place for rally at start of buy back season
Trend since 2012 - Orange central line aka Median price, It has been tested several times but only broken on downside 4 times followed by a rapid rip up. The median line exerts an attractive 'force' from above and below This is an example of a Schiff Pitchfork, unlike ordinary trend lines its positioning is not arbitrary Note position October 2014 was...
Daily Chart showing current daily trend - Here we see SPY is sitting on its Median line. This is well tested now since November so is strong support until sentiment changes ie rate rises