surprisingly I see 1434 end of November (i thought 1426 would be perfect one) but rather than waiting for 1426 now I see 1434... hit 1418 if bear until 10 December the problem is I see December as bullish trend I would ignore 1418 target for now, and focus on 1434 by end of November
I tried to draw it as best as I can I could miss a bit because the trend line could be not accurate IMO using non accurate pitchfan pattern really dangerous need to revise again after more daily candle next week
I'm guessing the pitch fan pattern, and guest what? I got 1 trend line + fib level works fine together looks like a pitch fan pattern but I'm too lazy right now, keep it as rought idea first let's watch the blue arrow works or not first
less restriction if gold break out 1520 the problem is break out above 1520 definitelly wave 3 of bullish impulse elliot, we will see wave 4 and wave 5 after that before 1520? maybe we will see wave 2 down first
you can see the support and resistance line and is it up trend now looking for a entry point to go long
Good morning, traders. Since price is not making strong moves up at the moment, I figured we would be best served by taking a simpler look at the H4. The green dashed horizontal line is the monthly open. The yellow zone just above it has been an area of support/resistance throughout this corrective sequence as shown. Price tapped just below that zone's EQ, but we...
VZ looks like it will be gaining momentum and it may be a good time to buy before earnings and FCC hearing tomorrow!
I’ve never used the pitch fan before, so this is purely speculative on my part - more so than usual, anyway. I’ve noticed how the lines seem to hit the retracement I was eyeing on this particular chart. So, once I saw support there, I entered a long position. So far, so good. Let’s see how it plays out. Anyone out there have experience with the pitch fan that...
In Bitcoin's short history, we've learned a couple of things that may remain consistent throughout Bitcoin's future (at least until the volatility decreases). 1: After each bull run, there's approximately an 85% correction 2: During the first two 4 year cycles, the angle for the top of the bull market (peak price) has decreased from 56 degrees to 39 degrees,...
According to Pitchfan trading methods, a trend reversal usually comes after the third break of a major diagonal resistance line. In this case, the most recent one we have just surpassed. Could this mean the start of a new Long Term Up Trend? Of course, there are many more things to keep in mind and other tools to use, but it is a good sign..
Dear community, OMG USD caught our intention due to its sane corrective behavior on top of strong fundamentals on the technology side. Assumptions: - Completion of Elliot Wave triangle. - In last segment of resistance (see Pitchfan) - Triple bottom within the triangle -RSI oversold and at bottom - Great R/R ratio Stop Loss: $7.6 SL to be readjusted to...
BITFINEX:ETHUSD Following a downtrend since early Jan, this could a be a textbook buy order targeting fib 127.2 - 2 pennies for a long term buy & wait
The Euro is not fairing well against the CHF. This is not a surprise given that in many cases like raising interest rates, selling off some of its balance sheet, or even having another economic crisis globally, this would strengthen the CHF. In 2015, The Swiss de-pegged from the Euro. Sending the EURO/CHF to nearly. .993. I would short this position until it reached 1.14.
Fibo 0,786 will determine the new route. Tapering market gonna give birth a bullish trend? If support works, it will truly. PS: StockRSI says price is low and time to buy it.
Trendlines can help you to identify patterns. Here we can see NEO jumping the different tiers of the pitchfan. It seems it is climbing on the third tier of the first pitchfan before moving on to the next one.
Different trend lines can help look for patterns. In such a volatile market, patterns can be deceiving. However, it seems like NEO is jumping from each level of the pitchfork fans. It seems like it's doing its climb on the 3rd tier of the first pitchfork before jumping to a new one.
Earlier I posted a QTUM model fully exptapolating a cloned repro of an Elliott correction extended by a leading 3-drives pattern. I don't think it's going to happen that way again, but I was curious how much earlier wave anomalies affect subsequent wave patterns. This one has a somewhat more conventional correction phase, so I'll let them play out just to see what...
For this chart to be valid, I think we'd have to see another BTG-driven debacle after QTUM's next peak. This one simply cloned the evident 3-drives pattern flowing in to Elliott Correction wave off of the previous peak onto the next pitchfork/Fib-extrapolated Elliott wave peak and tacking the corrective waves on the end of the 2nd 3-drives pattern to yield an ABCD...