The left-hand chart suggests that, having failed to establish support at its previous low of 2022, the near-month gold futures contract has further to decline. On this basis we would be more ready to add to an existing short position than to start a new one. The right-hand chart highlights the recent moving-average crossover as a sell signal. We might hold out...
This idea is based on Wyckoff's method. The Point & Figure count serves as a tool to determine target objectives based on the accumulation count in the base. All other info is on the chart. Good luck NQdecipher
This idea is based on Wyckoff's method for calculating target objectives using the Point & Figure chart. The premise behind it is that NKE's shares are currently being accumulated prior to a break out that will go beyond all time highs. All other information is on the chart.
This idea is based on Wyckoff's accumulation schematic. Based on the recent price action, BABA has shown sign of strength when it jumped out of the creek and retested its upper limit 2 times now. Based on the accumulation count, BABA should move pretty fast to 430-450 once it breaks out of the upper range limit of the accumulation range. All info is on the...
This is a bit trickier and there are certain techniques that you can use. I personally use Fibonacci extensions, point and figure and any potential patterns to offer potential upside targets. I realise I have been a bit cavalier with my point and figure upside target, as you can work this out exactly, but wanted to show the techniques I use rather than concentrate...
Sometimes it seems one week in the world of crypto moves at the speed of three months in the traditional markets. If you recall, last week Cameron Winkelvoss called out Barry Silbert of Digital Currency Group (DCG) for potential solvency issues and potential co-mingling of assets between Digital Currency Group (DCG) and Grayscale Bitcoin Trust (GBTC). It would...
I have always marveled about how projected price movements from TA oftentimes capture some unspoken truth not widely shared in the market – both good and bad news. In that vein, if you have not had a chance to read about everything happening between Tyler & Cameron Winklevoss the Gemini cofounders and Barry Silbert the CEO of the Digital Currency Group (and by...
Happy hump day in the first week of this new year. It’s been a minute since I’ve last posted some TA, and it seems the itch has returned after putting trading aside for a bit to focus on other pieces and parts of life. I’m sure The Byrds touched on crypto degen season in their hit Turn! Turn! Turn! somewhere. With the Litecoin halving expected sometime in Q3 or...
The Point and Figure chart (an example for West Texas Intermediate crude oil futures, traded on NYMEX, is shown here) is used to identify price breakouts. These breakouts can be to the upside or to the downside—in either case potentially producing large profit opportunities. Mechanical rules free the trader from worry about when to act. (How to act is another...
HD now with a bullish divergence is set up for a run to its last previous high. 15-25% run on a 1 to 3.5 Risk Reward. by iCantw84it 03.15.22
Copper is breaking the upper limit of accumulation zone (4.0-5.0) and the move seems genuine. Possible entry could be a test of 5.0 level during the following weeks.
After the initial European indices including DAX fall, market is now rebounding and there is a reaction to 13800. Sell on failure at this level.
Ready to buy, when price higher than 1920. in point and figure we ignore small volatility so the price may whipsaw if you look at small timeframe. The main is follow trend if the price can go you can just follow the trend. If the price reach 1920 and we buy it , watch out for 3 box reversal and be ready to jump out position.
AMEX:SPY is in a weekly downtrend since Jan 3 and there is a short position opportunity on current reaction. Sell today or tomorrow on breakout of today's low.
Point and figure: Box size: 10 Reversal amount: 2 There is no signal for buying QQQ. Sell signal still persist.
Bitcoin reached the target we previously predicted (see idea below) But what are the scenarios facing Bitcoin at this stage? There are two scenarios for Bitcoin at this stage. 1-The first scenario is the respect of Bitcoin to the previous support area in the Point and Figure and RENKO charts. Bitcoin may have respect for this support range. The reasons...
Hi BTC breakdown the range area. we can confirm the downtrend and break down now. the first target is 40500
Hi dear traders This post is a continuation and confirmation of the following post. We have already talked about the upward potential AYA breaks up the range area. This is a very good sign for upward movement. Confirmation of this signal depends on whether it does not re-enter the range area. this is one of the signals of a possible uptrend in the future