Looks like a nice short for a intraday play. The Centerline is the partial target. The L-MLH is the final target. Let's gooooo §8-)
With the "cooked" CPI, let us examine the ES Chart. 1. The dotted yellow TL's show the OVERShoot and UNDERShoot, which are perfectly in line with the Medianlines. 2. Price was going up from the Zero to Five Count and broke the confirmed Pivot 4. This leads into a potential new start of the next Downtrend. 3. From the red 1, up to where we are now (2023/01/12),...
Here's where Santa will land. Happy Santa Rally §8-)
That's a bold call, isn't it? Here my analysis: - red CL hit 3 times and price got rejected - MACD kinda nice filter - Medianline rules in play: HAGOPIAN - overall economy is going down the toilet too - Gov's....not even worth a word Happy Santa Downhill, Hope You're Short Too §8-)
Let's see: This was the chart I posted this year: We reached the U-MLH. This is the stretch to the upside. How ever, it could go further towards the Moon. But usually, if price get rejected at the MLH's, we see the opposite move. In this case to the downside, to the Centerline. This is a great opportunity, the second time this year in the 10Y Bonds, which I...
Here comes the Wash & Rinse. I was posting that we will bounce at the Centerline. My timing was off for a couple days. But here it comes: The move today makes sense. First, we had news which where somehow not ultra bad. But the market flushed big, leaving a GAP in the intraday chart (See the screenshot and my tweet). They washed the stops to the downside, and...
The Crude train to the south stopped exactly at the monthly Centerline. I think this could pave the way for good opportunities to the upside. Stalking a potential trade in here.
Watch the Forks! The long term indication (Weekly) is clearly up. On the daily chart, price holds exactly at the Centerline/Medianline. If they can manage to hold this area, and build up a nice position, then I see high chances that price will rocket up even higher than the last High (3) Let's stalk this market and see if we can hop on the back of the Whales. P!
Insanity at it's best. These market manipulation we see today and the unbelievable cooked reports and stupidity by the FED is killing everything. The crowd will hold the bag because inflation will spike to the moon. Here comes the 10Y Bonds - Rolling everything into the ground. Good luck pumpers.
Hmmm....what shall I say? Studay the charts? There is no secret, no magic. It's just a tool that catches extremes and the center of a move. That's it. Call it mean-reversion. Call it Medianlines. Call it Pitchforks. In the end, the only thing that matters is to know how to use your tool. Master them. Learn to earn.
The pullback from yesterday did not last very long. The overnight market is pushing price down again. Currently the move has halted at the 50% range of the Up-Leg. The simple target will be the Centerline, further downside is open.
This monthly chart shows that Gold is breaking every potential support since it started the decline from Mar. 2022. Let's see where next support/target could be: 1. a close above the orange Centerline is an indication for long 2. a close below the orange Centerline is bearish. Next support would be at the yellow dashed Warning-Line. 3. If 2. fails, the most...
First, there are two very nice Sine-Waves. These are "complex" legs in the count from 0-5. Currently price is fighting at the Center-Line. It's the same price region where the market found its prior support. There are two possibilities when we reference the Medianline (Pitchfork) rules: 1. Price will hold at the Center Line and pull back in the opposite...
Nice how the rules play out here. ES is bouncing exactly at the Centerline. This means, there is a high probability that we see at least a pullback to the North if we hold this level on the close. Let's observe.
FedEx landed on the CL to the dime. Can it go lower? Sure, but chances are high for a bounce at this tretched level. Me <--- rather long than short.
According to the Rules of the Medianlines (Pitchforks), there is a high potential of a reaction from the Warning Lines (here WL1). On strong Trends, price will trade through it and down the the ML (Medianline). Be prepared for both scenarios.
Perfect Re-Test. Interesting enough CPI news pushed price up to the L-MLH and immediately rejected it. Thant's crazy, but it's no wonder. Allen Andrews Action/Reaction just works. Why? It's the law of nature. Newton exposed it, Allen Andrews brought it to the markets.
After the 114 level seems to be nailed, higher targets are on the plate. There is not much to say here. Price just roars further north. The A/R and Pitchforks project the highly potential price targets. Read again: "project", not predict ;-) Trade small, trade save.