ES1 Close up viewPlotted 15 minutes to see if I can tell what's happening here....
Obvious pennant formed as Asian market whipsaw. Futures gaps tend to close but there's always the question of when?
Can't say I feel too bullish about this questionable drug, but a short squeeze is inevitable, not to mention that this pump broke a lot of indices out, so we could see more pumptardedness especially since MFI is low.
Not shorting anything until MFI gets overbought (on teh usual 3 hr chart) next week.
Note: This is a 15 min chart, don;t use teh indicators.
Search in ideas for "PLOT"
(CONFIRMED-RECOVERED)/DEATHSPlotting the directions of this outbreak...
Assuming more deaths are to come.
USDCHF 1H 03192020Plotted an extrapolation anchor points and applied Newtonian reaction space which predicted reversal. And happened to be a hybrid fractal candle.
Placed my stop loss and fractal candle and take profit at around 50% Fib retracement. Not going down to the wash line as it's too far and I don't feel comfortable.
Ethereum - The Golden Cross is a short-term contrarian signalPlotted the daily 200/50 "golden cross" MA on the weekly chart (roughly divide daily input by 7 and rounded).
We can observe that the short-term PA immediately following a cross is is always in the opposite direction of the bias.
In other words; a bearish cross leads to a bounce and a bullish cross leads to a correction, before the strong price movement in the direction of the cross.
Currently, Ethereum experienced a 33% correction following a bullish cross in mid February. S/R analysis shows a strong potential bottom in the 180 - 195 region.
Therefore, I am keeping my bullish bias here for Ethereum.
GBPNZD Accurate Trade 100%Plotting Supports and resistances on D1 chart we can see and easily visualize the trend of the market, on a large scale M1 GBPNZD has been falling for about 2 years and now is trying to pull back two testes done one more to go
For now enter
GBPNZD buy at 2.00600
tp will be 2.01746
tp2 will be 2.02480
sl will be 1.99786
Awesome trade with Risk Ratio 2:1
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LTC.usd Big Picture Fib Levels: LiteCoin road map since 2017Plotted two fibs that have defined every turn since 2017.
Not all Fibs start a reversal, but most Reversals start at a Fib.
Thus it is worth paying close attention the behavior at the fibs.
Left Chart is 1week tf, with its "Genesis Fib".
Right Upper is 3day tf, with the 2019 Bull Run.
Right Lower is 4hour tf, with both fib prices.
Just Pinged the Green 1.236 at $45.78 (lower right chart).
It might pullback from here, but likely to go one more.
Next comes the Gold 6.853 at $46.70, which will strong.
See my Previous LTC analysis (click):
$39.50 Bounce call
$42.70 Top mapped
$35.50 Impulse Redux
$58.60 Bounce call
Big Picture Fibs
Major Outside Day Could Mean Bull Market HerePlotting bullish pitchfork to find right shoulder for major long term position to the upside.
Also considering dollar cost averaging long on eth and btc without trying to time the market. It is acting a lot like it might have found a bottom.
I am long LTC from this morning and had planned on selling at the end of the day but now I'm thinking to hold it for a few weeks at least.
Will see how the day closes and will step away from the market for a while to clear my head and see if I look at things differently after a break.
The "Pulse" of an asset times Fibonacci: ETH drop with a RhythmPlotted is the "Pulse" fib for Ether's recent drop.
"Pulse" as in the quantum limit of each movement.
This example hits the 5.618 and 10.618 precisely.
Every Band and every Line is worth watching.
The reaction, or lack thereof, offers clues.
Scalp trades are easy from one band to next.
This is part my ongoing series to collect examples of my Methodology.
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Ordered Chaos
every Wave is born from Impulse, like a Pebble into Water.
every Pebble bears its own Ripples, gilded of Ratio Golden.
every Ripple behaves as its forerunner, setting the Pulse.
each line Gains its Gravity .
each line Tried and Tested.
each line Poised to Reflect.
every Asset Class behaves this way.
every Time Frame displays its ripples.
every Brain Chord rings these rhythms.
He who Understands will be Humble.
He who Grasps will observe the Order.
He who Ignores will behold only Chaos.
Ordered Chaos
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Gold - support and resistancePlotted on daily chart are the significant areas of support and resistance between 1200-1600 for Gold.
Last week gold broke out of resistance at 1422 and closed the week with a retest of the pennant structure and the horizontal level which may now act as support.
Certainly the MAV lineup is indicative of a long bias. Gold continues to respect the 20 MAV.
Overlying resistance sits at 1479 and 1549
The pole and pennant pattern is suggestive of a continuation pattern to 1544.
Cup pattern Plotted the original trend line before the "bubble" last time and it can tell us that LTC is still on track with steady growth for almost 2 years. A cup pattern is starting to emerge and I think the green square will be a time of extreme volatility one way or the other... Most likely both.
GBPJPY - Support & ResistancePlotted a few 4Hr & a few 1d support & resistance lines, price confidently bounces between these lines. Lets see what happens
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BITCOIN - USD !-> 6.2k Resistance <-! Plotted previous max and min trend lines (since they worked so well) against each other (to simulate cyclical behaviour) and crossed them through the middle (to average them out).
If 5500USD holds for the next 48h the estimated resistance test will occur around 11th of May, one day before Mothers Day lads!