MCG showing the battle being waged at the median line of a thin Pitchfork, still lean heavily on the idea that 5 July is potentially a Weekly/Yearly low point as we saw buyers step in around this level. The line that confirms a weekly low is the blue resistance & a close above the 10 week moving average. Should the share go lower than 5 July we would know that...
As indicated in the chart, gold is in a downward sub-trend in the weekly chart The price went below the midline of today's fork and now it has returned to its midline after a correction. Now there are two possibilities: 1- The price will pull back to the midline and experience lower levels 2- The price of the midline should break upwards and return to the...
the detail is shown in the above Idea. I made this Idea based on Candlestick Analysis and Pitchfork Tool. This chart beautifully shows the Russell support and resistance and Trend lines golden line : level 0.61.8 1.618 .... green line : level 0.382 ... black line : level 1 2 ...
UK Brent Crude Oil finally reached 96.80 +/- as posted idea on 23/Feb/23. What Next to the "mother of all inflation"?
Anglo American is in pursuit of a yearly low, first we look for a swing low, then a close above the 10 period moving average. At a minimum the yearly low will see price breach the upper resistance of the Pitchfork. In terms of time, we are within a time after a long cycle from the COVID lows.
Is the ES pivoting up for October? PROBABLY NOT! The 9/27/23 low may hold for a relief rally this week. It too soon to say if this will hold through the end of the year.
The 9/27/23 low may hold for a relief rally into October.
SPY reached the top of a couple of pitchfork lines and has been lingering at the bottom of another ready to break out on the downside. RSI is also in a downtrend channel.
SPY fell as I predicted in the related idea. It followed exactly the RSI channel that I drew when I posted my earlier idea (yes, I didnt' draw it now but before SPY fell, on Sept. 11, 2023, when SPY was 448.38). SPY now looks ready for reversal (given the price reaching lower pitchfork lines and RSI reaching the bottom of the channel). Additionally, I have my...
The last chart i COIN I showed you (see linked) was a nice play. Will this one cooperate too? Let's analyze the chart: The white Fork's CL was reached. It came down hard and fell beyond the L-MLH. We see the orange Fork, a pullback Fork. Price struggled to jump above it's CL a view days ago, and now opened and closed below it, AND below the white Forks...
INDEX:BTCUSD BTC has put on an impressive rally from the November ’22 lows. (+105%) Now, it looks like it’s about to start turning over again for what I believe is the leg of the bear market. The Red Median Line set is drawn from major pivots: Dec ’17 high, Dec ’18 Low, and the Nov ’21 High. I plotted a (yellow) minor fork on ’22-’23 price action to show a...
Nasdaq daily cycle is putting lower highs indicating that price is now moving towards a cycle low, any upwards momentum can be expected to be halted by the blue resistance line. We can also see the median line of the Pitchfork is now acting as resistance. Bulls would not want to see price trade below the green horizontal line as this would represent a cycle...
Analysis: EURCAD is currently positioned at a significant weekly support level, indicating a potential reversal zone. Further analysis on the 5-minute timeframe reveals a notable change of character, suggesting an influx of buyers entering the market. Trade Expectation: Anticipating a reversal, I am focusing on the warning line of a pitchfork I've drawn on the...
FX:GBPUSD OANDA:GBPUSD Hello Traders, please check out my previous ideas. If the Pound stabilizes above the weekly Bollinger midline, the bearish scenario won't be fellfield. In the bearish scenario, the price can fall to the yellow zone. ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱👤Otherwise, make sure you...
BINANCE:BTCUSDT COINBASE:BTCUSD As we specified in the previous analysis, Bitcoin's movements were limited in the green structure that was specified in the previous analytical idea. For this reason, the price started to fall from the level of 28 thousand dollars and could not stabilize at higher levels. Why? Because at that time there was no catalyst to...
NASDAQ:NDX SP:SPX 1:6 R/R Shorts C Wave en route Short it Fat_Fat
OKX:CSPRUSDT KUCOIN:CSPRUSDT Hello Traders, please check out my previous ideas. If the price stabilizes above the green areas --> 💥long scenario💥 targets are on the chart. optimum stop-loss is below the 0.016$ level. ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱👤Otherwise, make sure you leave comments and let me know...