shark and cypher harmonic pattern: AB=0.61 XA BC=1.13 AB tp1=0.78 BC=$348 *reached* tp2=0.88 BC=$514 tp3=0.78 XA=$1000 tp4=0.88 XA=$1580 tp5=1.13 XA=$4851 tp6=1.6 BC=$9200 tp7=2 BC=$40000 tp8=1.6 XA=$45500 tp9=2.24 BC=$106000
Price acted nicely as expected and the Short was a great profit. Now that the Sine-Wave center was cleared out, price peaked through the centerline and recaptured it. In the same time, we see RSI oversold and a big volume spike from the PinBar, which recaptured the centerline. This is a very strong sign for a reversal to the upside. I'm long with my first...
FOREXCOM:CADJPY I marked the pitchfork from the pivots on the weekly chart from June, September, and October. Confirmed with the Daily RSI and the Daily chart. It's very slight but there appears to be a bearish divergence on the RSI. I've only started dabbling in RSI divergences so I wouldn't consider this a confirmation, but it's worth noting. After...
I opened this last night. The RSI was oversold on the Daily and based on the previous trend I judged it would go bullish. I plan to hold for at least a week.
Well.. the market sometimes favors the braves.. I'm going to be bold and place a buy around this level. Looking to sell between 80-90k.. sell pressure reducing in big tf. SPX doji seemed to cool off the war between bears and bulls.. expecting a relief during the next days. NFA
Black: D1 long fork. Red: H4 long fork. Targert: - If the price holds the magenta fork, price goes red fork median line. - If the magenta fork breaks, the price goes toward the lower parallel.
Orange: - H1 short fork - H1 long fork in the direction of the H4 up trend Next move is short: -long fork median after up trend. -short fork median after down trend.
Black: D1 long fork. Red: H4 long fork. Purple target: H4 red fork median and upper parallel line.
crab harmonic pattern: X=$0.000000074 AB=0.61 XA BC=0.38 AB 0.78 XA=$0.000000024 1.6 BC=$0.000000032 0.88 XA=$0.000000041 2 BC=$0.000000065 2.24 BC=$0.0000001 1.13 XA=$0.00000014 2.6 BC=$0.0000002 1.41 XA=$0.00000063 3.6 BC=$0.0000012 1.6 XA=$0.0000018
TSLA is following this downtrending pitchfork and has picked up buyers at the 1.618/1.65 (golden & orange zones). I am expecting momentum to swing past the median and look for buyers in the outer supply zone at 1000. If the stock is bearish (for whatever reason) then I'll be watching for a pullback to the previous VPVR zone at 916 then bounce up to 983 to see...
Target 250-300K seems more realistic. Pay attention to the dates
This Median Line pattern been tested 2 times as dynamic resistance -upper parallel- and recently as dynamic support - 50% inside upper parallel. Update from
CADUSD in reaction to DXY liquidation is collapsing having rejected from 50DMA. We'll see if it can explore the lower quadrant of the pitchfork. Mid and long term fib targets on the chart. Not advice.
This is what I'm waiting for with the Ruble. I expect a quick sell off and then follow the pitchfork up as sanctions take hold. Unfortunately there's always a large spread on USDRUB so you have to be quite liberal with your stop loss. I could ride the roller coaster on this for a month and probably make a lot of money or just buy now and hold long term. What do...
The uptrend in bitcoin is not over and based on my analysis I think the end of the cycle is December 2022