I'm looking at some price action based on the 4H ATR line going back to Feb 2020. There is a repetition of a certain pattern, which may mean something or nothing.
Have a look.
On 30 min timeframe see below (no promises of anything).
Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not...
In this screencast I show some pretty interesting price action on the 1H time frame. I've used the 'theory of curves' to average out price action.
The 1H is pretty risky now for trend following entries going south. The price action is looking rebellious, in that the bulls are fighting hard to keep this market afloat.
There are two amazing 1H ATR switches which...
I can't predict the future, unlike many of my fellow traders. However, I know a bad weather setup when I see one. Have a look/listen.
I don't like what I see. I see storm clouds gathering. I see delusional pumping of a market. I see a deep disconnect between reality and sentiment. I see momentum falling off.
But make no mistake - I do not underestimate the...
El mercado desde el punto de vista de elliott, están claras las opciones conviven, opciones alcistas y bajistas, nosotros hemos operado la bajista, pero sabemos que la alcista es posible y el mercado nos dirá si estamos equivocados o acertados, esta es una de las veces que el análisis está mucho más claro que la operatoria.
4 REASONS WHY I HAVE BEEN SHORTING THE S&P 500. PLEASE VIEW VIDEO AND LEAVE YOUR COMMENTS AND LIKES. GOOD DAY MATES!!! ask yourself a few questions. Is this a bullish market ? look around outside first. Who is pushing this market up? The feds and then they will DUMP on your head!!! Lol wear a helmet please.
At this time the overall probability from higher time frames is for DJI to move south (6H to 1D). However, there is a trend move probably on a 3 min to 5 min coming up.
This could move DJI up from 20800 to possibly as an estimate 21600. This is not a prediction. Have a look. Also see my other video that tracked a trend change on the DAX (link is below).
Note:...
In this screencast I show that based on the technical picture and using some fundamental concepts, that heavy down side is likely in the next 3 to 6 months. The degree of momentum south is so heavy that I can expect it to move further south on this time frame.
Disclaimers : This is not advice or encouragement to trade securities. No predictions and no...
The DJI has reacted in panic mode for many days. It is at this stage relatively oversold on a 2H time frame (only). In this screencast, I show a 'theory of curves' situation which possibly shows a 55% probability north.
Please NOTE carefully that this leaves a 45% probability for the south. Probability estimates base on technical indicators are not...
I review some price action and patterns in the DJI on the 6H time frame. This is just under the hood of the daily time frame. The picture is not good for the bulls.
I can't find a spot of good news over this weekend - or one that would make a sound difference to economies (on a longer term basis). I'm expecting (not predicting) panic on Monday/Tuesday. The markets are NOT economies. They represent confidence in economies - similar to bond markets.
Seriously - it's almost all bad news out there - and the algos will be...
This is pretty unconventional. Have a look.
Big pump possibly coming on DJI as several central banks co-ordinate to flood economies with low interest rates and excesses of cheap printed money. Micro time frames give an idea of what could be coming.
Of course, this could be good news for Gold.
Oh well - only about 5000 points of a massive drop in just over 1 week. People are asking, " Has the bubble popped? ".
I go into this in some detail. I think we're at the start of the POP.
This thing is serious though.
I'd like to hear from others if they think this is going back up and to the moon.
I previously told people to get ready! Some weren't ready.
The market seems to have selected a 30 min ATR trend line pattern to follow south. How far it will go - nobody knows. This is the essence of trend following i.e. NO TARGETS. This is hard work!
Yep - the algos play out the addicitons of their masters to cheap money: low interest rates, REPO pumping, and the implicit guarantee from the FED. But an itty bitty virus that disrespects world leaders, has everybody flummoxed and reaching for safe havens.
In this screencast I show a bit of algo action and some smaller time frame trends which can last for over...
Central banks around the world are coordinating in a last stand to prevent global meltdown. So - they're about to decide massive liquidity injections into 'their economies'. China, the USA, Singapore are already on board. Expect Germany to follow cuz the German economy is on the brink of a recession.
What this could mean is a number of things:
1. The punters...
A 'black swan' event is something out of the blue - that creates systemic risk. The 2019-nCOV (virus) is potentially one such thing.
The markets have not been prepared for this - at all. Could it be the pinprick that pops the 'tech bubble' that influences markets globally?
The shock waves of this itty bitty virus are totally unexpected. I go into some price...
Get ready! There are only two directions for price; UP or DOWN. In this screencast I show why the zone around 29000 could be the most important. See the broadening wedge. Price could go either way.
If you believe that the FED and Mr Trump is gonna save the world, go long at 29000. If you believe a crash is coming take a short. If you believe 29 is a prime number...
