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Pitchforktrading

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 HowToChart
2
NFLX - NetFlix is overhyped an TA says tooBesides what I think about NFLX (bad for you, poor quality & service, lairs etc.), there is something that can be used to rate and judge a Stocks pricing - The Technical Analysis. The white Fork projects the most probable path of price. The U-MLH is the upper stretch, the L-MLH the lower and the CL is the Center, where price is in equilibrium. Where is price now? It mooned to the upper Warning-Line! Such moves are insane, crazy, not healthy and produce by manipulation and/or greed that eats Brains. However - As I follow the rules of the Medianlines (Forks), I know that price is hyper extended up there. So, it can't go further? Of course it could. But Chances are poor that it will. Instead, Chances are high that price falls down to the U-MLH. At least. Why? Besides price is stretched, it failed to move up to the next Warning Line (WL2). So, there you have it. I'm shorting NFLX and my target is at least the U-MLH, with further downside potential with PTG2 at the Centerline.
NASDAQ:NFLXShort
by HowToChart
3
Crude Oil – A $10 Short with a Valuable LessonThe price hit the Upper Median Line Handle (U-MLH) three times and was rejected each time (red circles). These were all high-potential short trade opportunities. However, none of these short trades managed to reach the Profit Target Goal (PTG) at the Center Line (CL). When the price repeatedly fails to hit the CL, it often builds up momentum for a larger move. The last short opportunity from the U-MLH was at Circle #3. If you missed it, you have another chance now. Breaking the "shelf" (the petrol support line) is just like breaking a Median Line or a Center Line. It’s not magic—though it may sometimes seem like it. The three slanted petrol lines extending to the right function the same way as a fork. So, we just broke the (petrol) Center Line, right? Now, where is the price likely to go after breaking this (petrol) Center Line? That’s right! There is about an 80% probability that it will move towards the (petrol) Lower Median Line Parallel. What a coincidence—it aligns exactly with the red Center Line! Of course, this is all based on probabilities, not guarantees. We can't predict the future, but we can rely on rules, statistics, and knowledge. I hope you learned something today. If you enjoy my work, I’d appreciate it if you like and share it with others. Have a great day! 😊
NYMEX:CL1!Short
by HowToChart
2
HIMS - The Full MonthyNo, no weed involved in this analysis. As I said before, sometimes chart analysis is simple. But sometimes we need to extend it, combining all our knowledge to find the facts. Let's see what we have here: 1. The white Fork. ...it's crazy, isn't it? ;-) It looks like I was looking to fit it somehow. But the truth can't be farther away. If you understand the principles behind this tool, WHAT it really measures, and what INFORMATION it really provides, then you get it, why this Fork is drawn like it is. For the non Forkers: a) Forks measure extremes, cut swings in upper, lower extremes and show where the center is. b) they project the most probable path of price. The A-Point was the old high. The B-Point was the lowest low. The C-Point is, where we had the last low, after the High was breached. So, in essence, it's a very stretched Pullback-Fork. 2. The slanted grey lines: They just bring the natural Swings to light, and project them into the future. That's it. I'm not going into the the minor drawings here, since they are self explaining. Just give yourself a little bit time, watch the Chart from a distance, and let your thoughts flow. Any trades here? Let's observe and trade from one extreme to the Center and beyond...
NYSE:HIMSLong
by HowToChart
RUT - Russle signals a drop to 1900ishThe white Pitchfork was guiding us to the Center-Line. As so often, price is turning at this level, just to reach the opposite side. It's the same game every time. Just follow the rules, apply a good risk and money management. The down-sloping red Fork projects the current most probably path of price to the downside. And of course our profit target, which is the red Center-Line. The signal is the break, the close below the shelf, the tiny support, marked by the petrol horizontal line. Trade wisely, trade without attaching your emotions. It just is what it is, whatever the outcome will be. Knowing this, you can embrace inner freedom in trading.
TVC:RUTShort
by HowToChart
MSTR - Short again with two profit targetsP4 was a rejection at the Center-Line, the perfect short. To me the current situation commands me to add to this short. BTC is weaker and in a scary spot. MSTR also weaker and on the way to the PTG1. This time, the add to my short is not a technical signal, but a gut feeling and a combination of the current world situation. And hey, I maybe get slapped because I FOMO into this. But that's OK. Sometimes I need a little bit more Fun in the Game. I do such unintelligent trading when the overall performance allow me to. Let's go Captain Ahab!!!
NASDAQ:MSTRShort
by HowToChart
S&P500 & US30 Active DivergenceDivergence does not always have to be observed through the lens of a lagging indicator. Closes do provide powerful signals as to when a move is likely to reverse direction. They also allow us to enter with a smaller risk. Lets first compare the previous swing lows marked out on both charts (dotted orange horizontal line) on the 20th Dec 2024. Zoom in on the white arrows! What do you see with the closes? Now focus in on the S/R zone in purple. Notice that the block width is created from the highest high and the highest low of the same swing. These are very important inflection points from which to compare closes when observing divergence between both instruments. Now observe the yellow arrows!! What do you see with the closes when comparing the S/R zone in purple? Now look at the yellow UPWARD diagonal median line of both purple pitchforks . have they both touched the same median line? Yes or No? perhaps another line confirming divergence? As an additional confirmation the market has touched the upper line of both light blue DOWNWARD pitchforks on both instruments with the current candle Lets see if we get the reversal. Cheers
CAPITALCOM:US30Short
by inflectionpointtrader
MSTR keeps digging its own grave.Well, since my last post about MSTR, the trolls have been having a field day. What a blast! §8-) I stand by my previous post about MSTR because, honestly, I see no future in this SCAM. Especially now that Bitcoin is teetering on the edge of a deep pullback (see my last post about Bitcoin for more). So, what do we have here? MSTR broke through the centerline and tried to claw its way back up. Then came the decisive breakdown. An open and close below the centerline paved the way for a trip south. Thanks to more hype and yadda-yadda reports, we saw a pullback up to the centerline — which, by the way, was perfectly in line with the trading framework of forks. But after that failed pullback, the price went the other way, and MSTR has been digging its way further south. For those who took profits at the 1/4 line, you can now look forward to PTG2 with confidence. Or, if you’re convinced that MSTR is headed for a reckoning with regulators in the medium term (although that seems doubtful since they all seem to be napping...), you might consider doubling down on your short position. Wishing everyone a profitable and exciting new trading week!
NASDAQ:MSTRShort
by HowToChart