Charles Schwab gapped up back on November 21st, I believe that may have been related to the news that they were looking to buy TD Ameritrade. Since then, the stock has consolidated but managed to hold its gap level. The stock seems ready to exit an oversold condition while the RSI level held its 50 mark. The gap up in November has allowed a Golden Cross to occur...
Long term investments - 2019: This is a series of posts on long term investment for 2019. Every serious investor establishes a solid money management with a balanced risk factor. Investing 100% of your savings in forex or crypto currency is like make a blind all in at poker. So a key factor is to choose which asset allocation suites better for you and to found low...
Triangle Point and Figure BTCUSD price bounce from 7,8xx Target 10,xxx - 11,xxx Stoploss 7,000 (it break 7,5xx and make new low)
Local breakout after bullish behavior suggest further advance Wyckoff Story Upsloping price structure of HHs and HLs and decreasing supply signature from Phase A to D suggest accumulation. Breakout in Phase D out of the local Last Point of Support (LPS) suggests a possible breakout above $210 and a Major Sign of Strength to come. Relative strength is...
The Russell 2000 ETF has seen a price run-up since early October as it emerged from an oversold condition. The recent pullback has created what may be a bull flag (magenta trendlines) that is close to breaking out. The IWM also seems to be gaining some relative strength vs the SPX which should bode well for this ETF gaining in price. Upon further evaluation of...
AMD is breaking out of a small symmetrical triangle pattern on the daily chart. This follows after having broken out of a slightly ascending channel back on November 4th. The stock price is still surfing that 10-day EMA line as well. The EMA line is similar to where the top band of a Keltner Channel can be found confirming the strength of this bullish move. The...
1999 POINT AND FIGURE ANALOG 2,225 count line + (39 boxes*3 reversal*25 box size)=5,150 Actual intraday high reached on March 10, 2000 = 5,132 CURRENT POINT AND FIGURE CHART Campaign segment #1 target: 7,360 count line + (11 boxes*3 reversal *80 box size)=10,000 Campaign Segment #2 Target: 6,242 count line + (42 boxes *3 reversal *80 boxes)=16,232 Box size...
S&P Reaccumulation Counts
Using the Wyckoff Point and Figure methodology to predict potential targets of our previous analysis (see link below) there seems to be large upside potential. Using a 200 box size and 3 box reversal which is equivalent to a weekly chart we have a count of 38 bars. Therefore the potential is for a 38 x 200 x 3 = 22800 point rise. Taking it from the low 15721 we...
This is a daily point&figure chart rounded to a 100 tick movement. Looks like oil wants to test the previous highs and possibly higher into low $80s.
Rounded to a 100 tick movement point&figure chart of USOIL. By the looks of it, oil is building up momentum @ $63 and 600 tick movement can be expected. At this point, odds favour oil moving lower towards $57 but this can change by EOW. Staying tuned for further tells.
Presenting a wyckoff accumulation for Bitcoin The main area of focus on this chart is the JAC (jumping above creek) that we see near the bottom of the trading range. Price displayed a change in/of character by jumping over the dynamically forming resistance (made by connecting the peaks of the highs) on noticeably higher volume. This illustrates the market...
Target found via Point and Figure Horizontal Count Box Size of 50, Reversal Size of 3
USDYEN: On the left daily time frame. 111.35 the 200 SDMA On the right short term 111.40 (rejection high). 111.37 (low 26 OCT18) Thats the frist serious resistance followed by 111.55 then 111.77/80. I am flat looking to sell.
catapult of a two double tops to 5500 the three box PnF chart is the only chart one can use 45 degree trendlines consistently.
This is a corrective/bearish outlook on S&P500 Index based on Point & Figure charting. The Index managed to breach below the first uptrend line around the 2,550 level. Based on P&F charting (which is, arguably, one of the oldest charting techniques used in the western hemisphere), I expect the Index to dip to the second major uptrend line @ 2,200 points (-12%...
Looking at the P&F Count in USD. Different count to Euro P&F I posted before, but aligned objectives. We smashed objective 1 & 2. Looking for the final objective 3. Time will tell.
Looking at the P&F Count. We smashed objective 1 & 2. Looking for the final objective 3. Time will tell, or in the case of P&F Not :-)