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
Expecting Neo to reach the demand zone, inferior line of the pitchfork. Possible cup & handle pattern in formation, macd about to flip. I'm looking forward to see NEO hit the Median Line as main target 618-65% fib DYOR NFA
I think USDRUB may break out from the larger pitchfork. If sanctions go through the effects will play out over several months so if it breaks out there will be another opportunity for an entrance.
TA on where the markets been, is and going. some insight into the methods of Andrews and Babson. the use of median lines as leading indicators on any data set. thanks for the time and attention and i hope this video helps provide perspective on current market conditions.