Get started

Pitchforktrading

SOL — High Confluence Buy ZoneFrom 12th–14th August, SOL spiked into the 0.618/0.786 pitchfork resistance zone, where the best short entry presented itself. This rejection also marked the completion of wave 5 of the 5th Elliott Wave, confirming exhaustion in the $205–$210 zone. After this sharp move, an imbalance has formed that typically gets retraced. When price spikes that quickly into resistance, it often gives the entire move back → meaning a return to the origin of the move. As price approaches this region, it becomes the prime zone for long re-entries. 🧩 Confluence Factors: 9 0.618 Retracement of the 5-wave impulse: $176.47 Daily level: $174.84 nPOC: $175.00 0.786 Trend-Based Fib Extension: $175.00 Anchored VWAP: ~$173.30 Sell-Side Liquidity (SSL): ~$173.50 Pitchfork 0.618 support: Aligning with this zone Monthly Open (mOpen): $172.22 (major support) 0.786 Fib Speed Fan: Adding further structural support 🟢 Long Trade Setup Entry Zone: $176.5 – $172 Best Entry: Around $175 (ideal ~ $173, confluence with liquidity + mOpen) Stop-Loss: Below $167 Target: $219.21 (0.618 retracement of full move) Potential Gain: +25% R:R: 1:5+ Technical Insight The 0.786 pitchfork rejection into wave 5 completion marked exhaustion at $205–$210. Fast moves into resistance often retrace back to origin, opening the door for imbalances to be filled. The $176.5–$172 zone clusters multiple technical supports, making it a high-probability long entry. The mOpen at $172.22 and surrounding liquidity pocket stand out as the most ideal entry point. With targets up to $219, the setup offers a strong +25% potential move with excellent risk-to-reward. Key Levels to Watch Support Zone: $176.5 – $172 (ideal entry ~$173) Final Target: $219.21 🔍 Indicators used DriftLine — Pivot Open Zones → For identifying key yearly/monthly/weekly/daily opens that act as major S/R reference points ➡️ Available for free. You can find it on my profile under “Scripts” and apply it directly to your charts for extra confluence when planning your trades. _________________________________ 💬 If you found this helpful, drop a like and comment!
Long
by SiDec
9
Crude Oil Short After Finding A Recurring BehaviorAfter I cleared the CL chart, I immediately saw a behavior that we can use for a setup right now. You see that the highs got cracked, and then immediately price turns to the south. And since we are in a downtrend on Crude, we have a legit Short-Trade at hand. With the modified Shiff-Fork you see how nice CL is reacting at the U-MLH, where it get's rejected. This level also coincides with the crack level. I personally would love a pullback up to the crack-zone before shorting it. Maybe the trading Gods give us a gift on this Wednesday. Talking about Wednesday: today we get the Crude Oil EIA numbers, which will probably move the markets. However you plan is if you trade it, don't have FOMO. There are many more trades to come in your trading career. Have a happy hump day §8-)
NYMEX:CL1!Short
by Tr8dingN3rd
Nasdaq - Intraday Setup & Potential TradePrice was not abel to trade out of the white forks U-MLH and got constantly rejected. It cracked the little support and fell down, but missed the white Centerline, creating a HAGOPIAN. Then price traded outside of the white fork, following a textbook test/retest at the white U-MLH and found support. The yellow fork points upwards, showing us the most probable path of price. Going long near the white U-MLH gives us several potential targets: 1. the orange Centerline 2 the yellow Centerline 3. the HAGOPIAN target line. 4. the orange U-MLH Stops would be below the last red bars low, because this, as of the time of writing, is the best structural level to hide behind. I'm off to the mountains, have a happy trading day!
CME_MINI:NQ1!Long
by Tr8dingN3rd
Crude Oil - Why I see it at $56 in the coming weeksCrude is trading below the centerline. The pressing shows that the “election whales” don’t want higher prices at the moment. Why? No idea, and it doesn’t matter either. All I’m interested in is where I can find a good entry to short crude. For example, a pullback to the pressure line, with a money management stop, or behind one of the weekly candles. It’s all a question of how much risk you’re allowed to take according to risk management. Let’s see if we get an entry to join the sleigh ride down to the centerline.
NYMEX:CL1!Short
by Tr8dingN3rd
NQ – Nasdaq follows the witch’s SPY prophecyNot only is the S&P 500 following the oracle in the SPY, but the Nasdaq has also given us a short signal. So, the scenario is the same as with SPY: short down to the Centerline. For the indicator traders, I’ve also added the EMA(10) and EMA(20). Look at how well they’ve provided support so far. If the EMA(20) cracks, things will get hot. And if the CIB line (Change In Behavior) also breaks, then all hell breaks loose! As already mentioned in the SPY post, it wouldn’t be a shame to take at least 50% of the profits you’ve accumulated so far. Because if it goes further up, e.g. above the U-MLH, you still have 50% left to benefit. If it goes down, we’ve already bagged 50%. BTW: At the 1/4 line, we can usually expect support. Exciting times, when maybe it’s better to sit still and keep your hands to yourself. I’ll create the YT video with details tomorrow. Happy profits to you all!
NASDAQ:QQQShort
by Tr8dingN3rd
2
BTCUSD - Bitcoin potential at least 125'400Bitcoin is trading within the Pendulum Fork. After the CL was reached, the price should have gone to the L-MLH. However, this was not achieved, and instead a HAGOPIAN was left behind. In most cases, this HAGOPIAN will drive the price higher than where it came from. Since we know that in about 80% of all cases the market moves to the CL, we also have a good chance this time of reaching the high of at least 125,400. Personally, I see the target quite a bit higher, but let’s see what BTCUSD has in store for us. Thanks for the likes peeps §8-)
BITSTAMP:BTCUSDLong
by Tr8dingN3rd
TESLA Is Counting Down The Clock – Moonshot?The red and green lines nicely illustrate what true support and resistance look like. At the moment, it appears that the market has formed support again (1), but we can’t really confirm this since we don’t have a higher high that has been broken. So we can only assume that the base is at the C point. We’ve been trading within the fork for several months now, which suggests that we’re once again in a longer-term upward movement. If that’s the case, then we look for a nice profit target (PTG1) at the CL, because we know there’s over an 80% chance of reaching it. An open and close outside the fork would be an exit signal, and could indicate a possible reversal to a short position. I’ll explain further details in the YT video.
NASDAQ:TSLALong
by Tr8dingN3rd
AMZN - Amazon Hit The 80% profit Target. Trend change ahead?On this chart we have 2 forks. Orange: the pullback fork It shows us where the equilibrium is — at the centerline, which the market respected to the tick (1). After that, there were several bars that formed support (2). When the CIB line was broken (3), the market gapped above the orange centerline and made its way up to the white centerline (5), the target that we can expect in around 80% of all cases. Note the confluence point where the centerline of the white fork and the upper median line parallel (U-MLH) of the orange fork meet. A day later, we saw a sharp sell-off within just one bar! Is this now another trend reversal? No, clearly not. For a trend reversal to occur, the market would have to break the white L-MLH (lower median line parallel). As long as the market is trading within the white fork, we remain long. I’ll make a YT video soon, covering the details. Wishing you all a successful new trading week.
NASDAQ:AMZNLong
by Tr8dingN3rd
BTCUSD - Right to the point!In the last post (see the Linked Chart), I showed why BTCUSD would fall, and I also pointed out where the first price level for a possible pause might be. On Friday, that level was reached, and the market seems to be turning *on the dot*. Will we now see higher prices again, or even a new all-time high? Let’s take a closer look: The “confluence” point is marked by the white fork and the yellow modified Schiff fork. This point lies exactly on the 1/4 line. And this line often indicates temporary levels where at least a pause in the movement can be expected. When we look at what Bitcoin did at this price level in mid-June, it seems likely that it will rise again. The overall pattern, from the centerline to the 1/4 line, looks extremely similar (see the A-B-C Wave Pattern)! And yet, I’m not entirely convinced by the picture. Because this was the second time we reached the centerline. For the brave, this wouldn’t be a bad entry point—or an opportunity to increase the position after this pullback. A possible stop for traders could be placed just below the current low, with targets at the centerline of course. But why not just lean back, enjoy the profits, and switch into observation mode for now… I will also make a video that explains the details and connections more clearly. Happy Monday and stay patient to fight the FOMO! §8-)
BITSTAMP:BTCUSDLong
by Tr8dingN3rd
Why NQ is probably tanking big timeIn this weekly chart, we see QQQ, which represents the Nasdaq. As we can see, it had a hell of a run up. Too far too fast IMO, and it reached the stretch level at the Upper Medianline Parallel. The natural move is now to let go, take a breath and trade down to center again, which is the Centerline. After all the most major and most important earnings results are over, and Funds have pumped up their gains through manipulative Options plays, it's time to reap what they have planted and book the gains. It's all in line with, all moves are at the point, and everything is showing in a simple chart. Unless price is opening and closing outside of the U-MLH, it's time to load the Boat and sail to the South.
NASDAQ:QQQShort
by Tr8dingN3rd
GLD – Why Gold Is a Clear Short to MePrice moved from the Lower Median Line (L-MLH) up to the Centerline, fulfilling the 80% rule. Then we had two Hagopians, which sent price right back to the Centerline. After the breakout above the Centerline, the next target was the Upper Median Line Parallel (U-MLH), which was reached rather quickly. Finally, price broke above the U-MLH and was pulled up toward the Warning Line (WL). Is this the end of the happy story? I think so—because Gold has now reached its 2nd standard deviation, and there’s probably no more gas left in the tank. The Trade: - A logical target is the U-MLH. - A secondary target is the Centerline. At the very least, if you're long, this might be a good time to take some profits—because no tree grows to the moon. For further details, I will follow-up with a Video explanation - See my Signature.
AMEX:GLDShort
by Tr8dingN3rd
Fall Down to $70 ApproachingWith the RSI above average since mid-April 2025, the trend has been steadily rising up to $82 per share even breaking the highs from late February and March. Price projected onto both (A and B) Inside pitchforks is well above the median line. In the pitchfork A the price is even directly touching the upper parallel line. Reversal near the highest achieved price this year on 21st February is probable Based on these indications, we can expect a fall to around $70 somewhere in the middle of May. Key details: RSI over "overbought" level Price in both Inside pitchforks near the upper parallel line Longer uptrend = breakdown necessary
NYSE:UBERShort
by Tears_of_Yeltsin
NQ - Nasdaq's potential to reboundThe Median or Centerline: The Median (Centerline) Line is the central element of the Pitchfork and acts as the equilibrium point. Price tends to oscillate around this line, and it often serves as a strong reference for potential reversals or price targets. A price move back toward the Median Line is common after significant moves away from it. Pitchfork (Red): The red Pitchfork, drawn through significant price points, provides the overall trend direction and shows the potential path to the downside. The red line indicates a bearish bias in the current setup, as it has been guiding the price lower. Green Circles and Arrows: These represent key areas of support. The lower green circle and green arrows indicate price has found solid support in this region. The price has been bouncing from this support level, showing that it is reacting to the [ower boundary of the Pitchfork. This behavior aligns with the rule that the price tends to respect these boundaries, creating a foundation for a potential move back toward the Median Line. Price Action Analysis: The price recently tested the lower green circle and green arrows, bouncing off this support level, which is a typical reaction in a Pitchfork setup. According to the Median Line theory , when the price moves too far away from the Median Line, it often returns toward it. Therefore, the bounce off the lower boundary suggests that price may now be setting up for a bullish reversal toward the RED Median Line . Bottom Line: The price action is following the general Pitchfork playbook . The bounce from the lower green circle suggests that the price is setting up for a potential bullish reversal toward the RED Median Line . The next major test will be the upper resistance in the red Pitchfork , after the break of the Centerline. If the price can break through this resistance, a strong move higher is likely. Keep an eye on this critical point!
CME_MINI:NQ1!Long
by Tr8dingN3rd
6
GOLD Reached it's Apex and is ready for a dumpIn my earlier posts I said that Gold has the potential to reach the U-MLH, which has become true. Up there, the price of Gold is stretched. Yes it can go up even more beyond the Upper-Medianline-Parallel. But the overall numbers of occurrences are small. So, at this natural stretch, price has a high probability to revert to the mean. And this is supported by the fact, that the overall indexes are heavenly oversold and already showing the signs of a pullback to the North (see my last NQ post). Why not just watch how it plays out, and make a decision for a trade after the FOMC, or even tomorrow. Don't rush into these unknowing situations. Be patient and wait for clear signs to take action.
COMEX:GC1!Short
by Tr8dingN3rd
Carvana - More Fish To Come? You Bet!After the first post about CVNA, I bailed out on a small loss (see linked Chart). But then Immediately loaded Puts and had a good "Steak & Lobster" time §8-) Price behaves like textbook when we consult the Medianlines trading framework and rule set. First price reached the red Centerline, followed by the expected pullback to the white Lower-Medianline-Parallel. If the "Fish" can't manage to jump back into the white Fork, then I expect much more downside to come. If this is the case, we have two good looking PTG's at PTG1 & PTG2. To me, this Scam Company (see my first post) is done. It's just a matter of time. For the longer time frame, I will check out ITM LEAP-Puts and let them profit from the ride to the south. And for short term trades, I just wait for pullbacks as it did now, and take it short to finance some of my LEAPs, Dinner and Weekend Holidays. Isn't it nice, how we can find good even in bad? §8-) May the Fish be with us!
NYSE:CVNAShort
by Tr8dingN3rd
1
SPOT - My Mom Says I Have A short Bias...hmmm...Most of my Charts I analyze are currently showing a short setup. Mom says I'm shorting the whole world. hmmm... However, here's another one, just to keep the streak going. §8-) Spotify is at the U-MLH = At the upper extreme. The next natural move should be down to the Centerline. Since I have no magic wand to show me the Future, I lean on my stats and my experience. Shorting Spotify down to the Centerline or getting stopped out abve the U-MLH. Simple (...but not easy ;-) ) ...have to run, Mom calls for Dinner.
NYSE:SPOTShort
by Tr8dingN3rd
2