Analysis - Black: D1 long fork (near the upper parallel) - Red: H4 short fork (near the upper parallel) and previous week's levels - Orange: H1 long fork (upper parallel) Next move - Long trend, short correction - Purple: H1 trendlines - Blue: H1 levels to be retested
Analysis - Black: D1 long fork (near the lower parallel) - Red: H4 short fork (upper parallel) and previous week's levels - Orange: H1 long fork (median) Next move - Purple: H1 trendlines - Blue: H1 levels to be retested
Analysis - Black: D1 long fork (near the median) - Red: H4 long fork (upper parallel) and previous week's levels - Orange: H1 long fork (near the median) Next move - Purple: H1 trendlines - Blue: H1 levels to be retested
Analysis - Black: D1 long fork (near the upper parallel) - Red: H4 long fork (near the median) and previous week's levels - Orange: H1 long fork (near the median) and double bottoms - Yellow: m15 long fork (near the median) Next move - Purple: H1 trendlines - Blue: H1 levels to be retested
- Black: D1 long fork (median) - Red: H4 long fork (median) and previous week's levels - Orange: H1 long fork (near the median) and triple tops, bottoms - Yellow: m15 long fork (upper parallel) Next move - Purple: H1 trendlines - Blue: H1 levels to be retested
Analysis - Black: D1 long fork (lower parallel) - Red: H4 long fork (lower parallel) and previous week's levels - Orange: H1 long fork (median) and double tops, bottoms - Yellow: m15 long fork (upper parallel) Next move - Purple: H1 trendlines - Blue: H1 levels to be retested
BINANCE:FTTUSDT FTX Token - FTT has exited the major descending fork after printing an RSI Bullish Swing Rejection on the daily timeframe. The next logical target for FTT is the trigger line of the major descending Pitchfork. I plotted a Modified Schiff Pitchfork and an ARC on the chart, to demonstrate the likely paths to the trigger line. Both have held...
Using the long term PF , we can see that price has respected a major support once again and jumped up to one of the parallels that was used as support/resistance before. Looking at the short term PF (purple), price was also rejected a resistance which is why the first trade was a sell after price broke that red channel. This red channel is usually drawn when...
SPY has been staying for too long at the level of the red line on the weekly chart (and slightly went over it) and didn't bounce down from it. On the other hand, the green line seems to provide a better support. Therefore, I expect SPY to break through on the upside.
If it does not break the resistance due to Fibonacci, it will not rise for a while
This idea aims to visualize the market cycles in place since the great depression. Based on analyzing the cycles we can see some similarities which we may be able to use to our advantage. According to this analysis we are currently halfway through the 3rd cycle which started after the GFC in 2009. We had 2 bear markets since then which were both less than 50% in...
The idea is still valid. The market needs a breakout to begin a large leg 3 upward.
We have one long term 4H PF and price broke a major support after some news at 8:30 (red line). A shorter time frame PF drawn on the 30m timeframe shows a clear path for price to follow. Upon drawing the PF , we see that 0.25/0.75 parallels are relevant and price is respecting them. As price dropped closer to the median line, the 0.25 parallel became a...
On weekly chart the price (almost) reached both the solid blue top pitchfork line and the middle orange pitchfork lines. Additionally, weekly RSI reached the dotted green resistance trendline. These are all bearish signs. On daily chart, RSI has a bearish head-and-shoulders pattern and there is also a divergence between RSI (with purple trendline pointing...
TVC:GOLD Gold dropping back here. Completing Wave 2 down. RSI Bear Swing Rejection/Bear Div. Short now, but I'll eventually look to buy the bottom of Wave 2. Fat_Fat
On the long term bullish 4H PF , price broke and retested a major support turned resistance at NY open. This tells us that gold is bearish despite the news at 8:30 which produced the big jump up. After the retest, price was bound to go down and touch the red parallel which is where we put our TP. Our entry was after price broke the base of the retest to ensure...
If you find this info inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better! Watching for this if the $ .42 level, been watching breaks down. Would make a might fine looking Could be counted a couple ways, ngl. In most, a move down would make a...