cryptoyoda

cryptoyoda

Jeff Tan (jefftan) has published a very nice pitchfork-based analysis of Facebook over the last few months: I'd like to complement this with an view based purely on ABCD formations. FB made two ABCDs (abcd1 & abcd2; narrow red lines indicate ab and cd). abcd1 featured a ~23.6% corrections. In abcd2 the correction was ~34%. The latest correction to a low of...

cryptoyoda

EURNZD has been in a pretty well-defined upward-sloping fork since early April. It's now grinding against this fork's lower quartile (LQ), and seems to be in the CD leg of downwardly impulsive ABCD. Several possibilities for a long could present: 1) a bounce up off the LQ 2) if the LQ is crossed, the CD leg's P midpoint - a likely turning point - is pretty close...

cryptoyoda

1) AUDUSD seems to have a new fork/slope (navy blue). See zoom at the ML (green arrow) & resistance becoming support on lower quartile and sliding parallel (SP) above it. 2) AUDUSD seems to be completing the CD leg of abcd; which is within ABCD. d=P, and aligns with an SP, and is just below the upper median line parallel, so a strong turn is likely there. Could...

cryptoyoda

I think it'll either bounce off the warning line (WL - blue dotted) it's grinding along , or flush slightly below prior horizontal resistance @1.614 (red dotted). Just after the Asian open on Monday, it would be easy to flush it down through the resistance, take out the stops of Euro/US muppet-longs hidden just below, before bouncing it back up. Such is life in...

cryptoyoda

On the rebound now...

cryptoyoda

This has driven an impulsive AB downleg in GBPUSD: www.zerohedge.com There should be followthrough, perhaps after an additional slight bounce. Target 1.59ish (depending on the bounce).

cryptoyoda

Background: "ValueClick (VCLK) is an anomaly. It's the rare Internet company trading at low multiples with tremendous growth potential. We regularly use screening tools to check for undervalued companies in the Internet sector. Our search often returns no results due to our strict requirements for a reasonable margin of safety. After the recent sell-off in the...

cryptoyoda

The downmove in JPYUSD (here the E-Micro future) starting Sept 2012 can be analysed into 3 ABCDs - with different As but the same B and C, followed by sawtooth corrective pattern, which itself breaks into ABCDs. These little ABCDs have been a bit atypical, retracing between roughly 0.18 and 0.68 of the previous move. This may be in part because the currency pair...

cryptoyoda

Technicals: Raytheon traded in a $7 channel (purple) between June 2012 and a breakout in late April this year. It never convincingly crossed the ML of the ensuing fork, and dropped out, gapping across the first warning line earlier this month. The collapse can be analysed as two ABCDs (green & grey ABCs visible on right), whose entry points (at 25% of the...

cryptoyoda

Context: see my first comment. Long AUDCHF at 0.8698 (clearing midpoint of latest CD and immediate prior high), stop 0.8399. (Intraday charts could offer tighter stop placement.) Targets -nearby: 0.8989 (likely turquoise resistance on sliding parallel) RRR: 1.7 -intermediate: 0.9600 (blue dotted upper quartile) RRR: 3.7 Rationale: AUDCHF's steep decline seems...

cryptoyoda

Context: CHFJPY has been contained in a gently upsloping, well-confirmed fork since H2 2008, largely remaining below the median line pre-Abenomics. See: in comment. A rally from the low 80s in summer 2012 is nearing the top of the fork, and has so far failed to convincingly break the CD mid-point (P) of the last ABCD on the weekly chart, closing both below it,...

cryptoyoda

After a long, steep rise* to a market cap well in excess of several carmakers with well-established franchises and less unpredictably flammable technology, TSLA took a hit when a video of a burning Model S went viral on Youtube. A more recent fall in the stock coincided with an InteractiveBrokers margin hike**. A downward-sloping pitchfork dating to ~9th Oct now...