OANDA:USDJPY Dollar/Yen just put in a Bearish Gartley Harmonic. RSI approaching trendline resistance plotted from the two previous peaks. If the pattern confirms and the fork holds.... short it. I just got short with a healthy stop above the peak in July. Targets = Fib levels Fib/Price Targets 0.382 = 129.94 0.5 = 127.02 0.618 = 124.10 Fat_Fat
USDCHF is showing a weak momentum in RSI and may form a double top if it doesn't close above the previous high hence, a possible short setup since it already touched the upper band of the pitchfork you may see a partial rejection on the previous high and a rejection on this lower high. Good luck!
ADA has had a strong retrace into a doji, Price is levelling off at key fib level and price may bounce from here. Oversold stochastic confirms bullish signals.
FOMC Bottom? Looking for hitting the retrace fibs and resistances.
22555 is such a nice place for short . blue PF is last valid and its trigger line must not be broken for long validation
In my previous NDX thread I suggested that the 6M candle would create incredible bearish sentiment and would be a great time to trap shorts and lock out sellers in a reversal and that is exactly what happened. Notice that there is very little lower wick for July candle. It shows that the turn of 1/2 year was a significant turning point. On the monthly chart...
Hash ribbons Oscillator has generated a buy signal. But it seems that this signal is generated in an inappropriate place and it may be a fake signal. The reason is to respect the pitchfork and RSI resistances.
Possible trend channels can be followed as in the chart for the volumetric rise seen in the stock in recent days. Inside Pitchfork chart tool is used for trend channels.
BINANCE:BTCUSDT After BTC perfectly dropped to the "energy point" , (intersection of the two green median lines) price has managed to break out of the minor green fork. The next logical target would be the U-MLH of the major green fork. I plotted two paths to the U-MLH of the major fork with an Andrews and Schiff Pitchfork using two different origin...
BTCUSD - Pitchfork idea 2.0 BTCUSD - Pitchfork idea 2.0 BTCUSD - Pitchfork idea 2.0
Quick pitchfork idea. Possible long to ride to 22700-22800 lvls?
Entry: 1830 SL: 1783.2 TP: 1971.8 4H Long: The blue rising wedge has been created from alternating major highs and lows since June. Price is reacting again to the rising wedge support zone, along with a demand zone (yellow zone) created from its previous major and minor highs. The white pitchfork estimates momentum from the previous two highs and low. Price is...
After long consolidation/bullish uptrend, it barely breaks through the median line parallel and reverse back. Breaking the small pitchfork, indicating trend reversal and high possibility to reach the nearest median line.
NASDAQ:TSLA TSLA daily chart. Price broke above the (green-descending) major fork and briefly consolidated after a retest of the U-MLH. Following the retest and consolidation, price rallied on Friday to close the week. I'm expecting price to continue higher: based on the pitchfork breakout, bullish Ichimoku Cloud set-up, and upcoming stock-split. The next...
After long consolidation, it breaks through range and implies it will continue to go downtrend till the nearest median line.
As Bitcoin is approaching the last down trending line , Will zoom in on some key zones and dates. On the 8H chart we currently have 2 uptrends . The blue lined Channel and the pink pitchfork. On the bullish side a solid close above the pink fork's median line coinciding with a break of the down trending green line approx price at $26550-$26850. These 2...
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