I was practicing drawing pitchforks on charts and next thing I know this thing's been extremely accurate on the daily time frame with how price has reacted at certain levels of the pitfork along with being at the drawn key levels I have makred. Check how this pitchfork continues to do as I gold does it thing following news right now!
In this update we review the recent price action in the EURJPY and identify the next high probability trading opportunity and price objectives to target
This is one that i've been watching for a while now. Im going to look at this price action using 3 different methods: Elliot Waves, Pitchforks, and Volume Profile (with some anchored VWAP and MA action)
Based on the EW analysis, we are in an intermediate wave 3 (yellow) of primary wave 3 (green) of cycle wave 3 (white), giving us a triple nest.
If you look at...
Yup, look at that. BTC dumped big and didn't even barely scratch into that lower median, the trend is intact and would remain intact even if another major dump like last seen happened. Ignore the stray line, Idk how to edit the chart once I've posted it I'm big dumb Tradingview plz help <3
In this video I try to explain my theory on the trend of Dogecoin and potential price targets for short term entry and exit strats. I'm trying to also further my understanding of the Pitchfork tool and capturing trends. This isn't intended as financial advice but rather as a video diary on my theory. I intend to view this in the future to see how my thesis turned...
Not Financial Advice
Probably going to age like milk on this one but I think Tesla is showing some bullish signs and could potentially regain its previous all-time high by April 27th if it maintains its course.
From the recent reactionary movements following in line with the perfect with the overall mediums provided in the pitchfork, it appears the BTC could be continuing to the downside. Sorry i forgot to turn candles on I'm not that smart.
Not Financial Advice.
Next Possible Stop: Main Pitchfork trendline. Take a deep look at how the price respects pitchfork's trendlines. Fitchfork works only if used properly. ;)
ETHUSD Price action has been hovering around an upper median line from the last correction. The more distant uptrend line has held a second time on the 4H Chart (help from 4H 200 Period Median Band).
There is much going on with this chart, so let me elaborate. I agree, too much drawing is ridiculous, but maybe we can find the forest through the trees here with a...
