FOREXCOM:XAUUSD OANDA:XAUUSD Hello Traders, First take a look at my previous ideas. If the price stays in the yellow box, a sell position has a good chance of winning. 💥Pitchfork Setup💥 The optimal entry point for a long position is from now until the price is in the yellow box. TP1-2-3-4-5-6 are on the chart. Optimal stop-loss is on the chart. Please...
Light Crude has lost a significant level at 78.16 and is reverting to the mean at 54.09 as demonstrated by my pitchfork trends and sigma measurments. Pitchfork Price Action Analysis Light Crude has broke out of the recent uptrend (with red median) and broke away from the (red) mean on Jun 14th 2022 (priced at 123.68). Since then it has started to follow the...
I've spent a lot of time drawing on the VIX chart today since we are coming up on an area that defines 3 separate ascending wedge patterns with one starting before the 2020 run that we have tapped twice without making a lower low. And although that lower trendline is still quite a way down, currently at 16.57, it's not a far stretch if retail sales come out...
This High on LTC is difficult to assess. Attempting to validate a Low for a Box with a tool, is necessary; a MacD of the Accumulation/Distribution aided the discovery of a Low. Obviously, the Price Action swung the levels around the new Box.
OK crew, if you've been following my previous XRP "Stick a fork in it" idea, we made some pretty solid moves that really focused on ; A. Scalps and light profit taking B. Wealth preservation and keeping the portfolio in steady growth C. General price directions on the daily, which we nailed gloriously So moving to the new idea here (bonus if you got the library...
2 trades taken, first short and last long. The short in the middle was another opportunity that I was looking to take but did not. Long term PF slope is clearly being respected and validated so we followed accordingly. First trade was entered after price failed to touch the major ceiling and broke below a significant bullish candle that foreshadows a break of...
Here is just one of my bearish interpretation. Most would still point down. IF the price crosses $92, I would say the proposed impulse down would be invalidated. I wouldn't be sold on ATH coming soon just yet, though. I think that there is a possibility that this is just a W4 until that line is crossed. Furthermore, I am still looking at longs as well, a bearish...
Still looking for this asset to go lower. BUT first want to see a move away from the current price to keep the impulse on the lower degree valid. If it does invalidate the impulse down, would be looking for some sideways style correction. Only reached a bit past the .80 of the proposed wave A. but would still keep a flat as a possibility. If you have found this...
I entered a long on the 17th and it seems to be working in my favor. I marked the next resistance level I'm watching to add to the position or take profit.
FOREXCOM:XAUUSD OANDA:XAUUSD 💥Pitchfork Setup💥 Hello Traders, First take a look at my previous ideas. XAUUSD 1H Setup The optimal entry point for a long position is from now until the price is in the yellow box. Please share ideas and leave a comment, let me know what's your idea. CrazyS✌
I have presented some ideas where this downtrend is interpreted as Elliott's triple zigzag (WXYXZ) (see also links below). So let's continue the speculation. If the Z wave of it is now developing, it would have, by definition, a three-wave zigzag structure (WXY as presented, but ABC also possible) comprising 3-3-3 waves. No wonder this chart begins to...
Here is a closer look at this ADA/USD 1d chart. Just like BTC, ADA is still in its massive Falling Wedge Pattern. Here is a closer look at the Average Directional Index (ADX DI). Once this world wide Recession has fully bottomed, for those that are prepared, there will be truly amazing opportunities to acquire your crypto of choice at a real bargain price...
The pitchfork channel in the above chart is a hypothesis. But the points that have reacted to it reinforce the possibility that Bitcoin will move in it. Bitcoin has already reacted at two top and two bottom points.
With the long term PF showing a clear bearish bias, we used the short term purple PF for a short entry. After testing a significant ceiling on 4H PF and we broke the floor on the 15m PF , an impulse short was taken with a stop above previous high/ceiling. TP was set at the floor support of both 4H/15m PFs which makes an area of great confluence. Trade...
From the 2 long term 4H PFs (one bullish, one bearish), we see that price has broken 2 floors over the London session and retested both of them (first green circle) which is an indication that the market bias is bearish. The next floor is not for some time so we were looking for a retracement to enter short. The short term purple PF provides us with more...
A lot of negative sentiment on the market right now, and with everyone expecting BTC to drop to 12.000-10.000 area, there is a high probability that BTC creates even temporary bottom. Fear index currently at 23 (extreme fear). Also BTC is near the cost of production, and historically BTC always bottomed above the value of production. As you can see BTC price...