NYSE:BLK I'm getting ready to short Blackrock on the next median line touch. Price looks like it is getting ready to make a (short-term) move up. I believe the red median line and/or orange baseline of the ichimoku cloud will hold as resistance. I will open a short position when/if that occurs. Targeting the 0.618 Fibonacci retracement level of the post...
I found this well respected ETHBTC pitchfork with ETH currently bouncing from the bottom of the fork. While BTC is ranging, I'd look for a move up to the midpoint (with .618 confluence) and potentially the high line of the pitchfork.
C98 is starting the 3rd wave or still needs to consolidate by wxyxz triple combination in the 2nd wave? crab harmonic pattern: X=$9.12 A=$0.234 AB=0.61 XA BC=0.38 AB 0.78 BC=$1.87 0.88 BC=$2.03 1.6 BC=$3.8 0.78 XA=$4.16 2 BC=$5.28 0.88 XA=$6 2.24 BC=$6.48 2.6 BC=$8.96 1.13 XA=$14.67 3.6 BC=$21 1.27 XA=$24.67 4.23 BC=$35.78 1.41 XA=$40.88 1.6 XA=$87.52
SPY reached the lower pitchfork line (set to Fibonacci level 1.5) a few bars ago and it's likely to bunce back up.
Chart shows a possible target when using Andrew's pitchfork as a tool.
crab harmonic pattern: X=$246 A=$0.079 AB=0.38 XA BC=0.88 AB 1.13 BC=$2.6 1.41 BC=$5.72 1.6 BC=$10.23 0.61 XA=$11.38 2 BC=$29.8 0.78 XA=$44 2.24 BC=$58 0.88 XA=$98.3 2.6 BC=$167 1.13 XA=$700 1.27 XA=$2191 3.6 BC=$2747 1.41 XA=$6649 4.23 BC=$15463 1.6 XA=$35243
FOREXCOM:USDJPY seems to be stablilizing at the top of this pitchfork and I will probably be taking a short to the centerline. H4 The RSI on the H4 does not look favorable right now and I'm waiting for it to flip overbought. H1 There was a Bearish divergence on the RSI up until 15 Mar. M30 The entry zone and a significant zone below is more clear on the M30...
crab harmonic pattern: X=$4.87 AB=0.38 XA BC=0.38 AB *1.6 BC=$0.197 2 BC=$0.31 2.24 BC=$0.41 *2.6 BC=$0.64 0.78 XA=$1.24 *3.6 BC=$2.12 0.88 XA=$2.36 4.23 BC=$4.43 1.13 XA=$11.13 1.27 XA=$27.47 1.41 XA=$66 6.85 BC=$98.9 *1.6 XA=$248
TVC:SILVER Monthly SILVER chart. Targeting $150 area later this decade, and I feel this is conservative. If you think I'm crazy, please read and hear me out. Price has been navigating a mega sized cup and handle for 40+ years. The last mega breakout in 1979 - 80 from the Hunt Bros. Silver Squeeze tapped the 6.854 Fib extension. I believe it will do the...
crab harmonic pattern: X=$1e-7 AB=0.38 XA BC=0.88 AB 1.6 BC=$2.67e-8 2 BC=$3.96e-8 2.24 BC=$5e-8 0.78 XA=$5.2e-8 0.88 XA=$7.16e-8 2.6 BC=$7.47e-8 1.13 XA=$1.56e-7 3.6 BC=$2e-7 1.27 XA=$2.47e-7 1.41 XA=$3.84e-7 4.23 BC=$3.94e-7 1.6 XA=$7.5e-7
GBPUSD is almost to a but level at the bottom of the pitchfork. The RSI is oversold on the H1 Chart.
Long between the 0.618 - 0.886 retracement. Targeting D ($60) off the bearish bat - invalidation of this harmonic would be a new low below $7.
I think the support levels of Andrew Forks that I have drawn for gold have been broken.. I wait for the price to reach an upper resistance point. Good luck..
If you are a firm believer in the future of Bitcoin, or a newcomer to the market wanting to get started then this period we are in right now could offer one of the best opportunities to buy into the fastest growing assets while it's at a discount. When the Pitchfork tool is overlaid on the BTC price action from 2021 onwards we can easily see how the current...
Before you fall off your high horse, you crypto cowboys - I have been in Bitcoin since 2011. I'm one of the lucky ones, this post isn't a "Bash at crypto" it's about giving you some insights, some logic and something to consider when making an argument for both the pros and cons. So to start with; one topic that I feel many newer retail traders and social...
They say "hell hath no fury like a woman scorned", (a misquotation from English playwright William Congreve (1670-1729)). Had XRP been around during those times, Mr. Congreve would probably have used her as a focal point for unbridled and reactionary contempt instead. Long or short, the probability of getting rekt is quite high with XRP but if you understand what...
Long Aud vs USD Risk reward 9-1 see chart for entry, stop and profit. FX:AUDUSD
bat or crab harmonic pattern: X=$85 AB=0.38 XA BC=0.88 AB *1.6 BC=$5 2 BC=$12.42 0.78 XA=$19.28 2.24 BC=$21.9 *0.88 XA=$38.6 *bat* *2.6 BC=$53.5 *final target of bat* 1.13 XA=$210 *3.6 BC=$568 1.41 XA=$1467 4.23 BC=$2446 *1.6 XA=$6216 *final target of crab*