Short idea based on a double - bottom break to form a split triple-bottom off of a failed greater than 50% move higher
New short idea with a sell stop @ 2.08, profit target @ 2.00.
It may need to drop all the way down to the 1.75 value area to print some very nice hidden bullish divergence on the daily Ichimoku chart, but we'll see.
Bullish Fakeout Pattern on VeChain's (VET) $0.002/3-box Point & Figure Chart
Sell Stops @ 0.114
Profit Targets @ 0.104 and 0.088
The bullish uptrend angle should be watched for probable support, so the second Profit Target @ 0.088 may not be valid.
I’ve removed the wicks from the hourly chart because it’s easier to spot what is happening when they are removed. Notice the symmetrical triangle pattern on the chart, which is also a bearish pennant. Bearish pennants are bearish price action patterns that help traders identify whether price action is going to reverse or continue. If you look at #1, you can see...
A series of Fibonacci extensions show a cluster of key 161.8% and 61.8% levels all converging around the 54k to 55k value area. Consider that the Gann Death cycle of 49 bars is right where the next weekly candle opens as well as this time period being an anniversary period of important highs and lows found for Bitcoin, we should anticipate a likely top here for...
Bearish Crab Pattern on the weekly chart. This short comes as the RSI reaches its highest level since January 2018.
We are also inside Gann's Death Cycle. This is the 48th to 49th weekly bar along with transitioning into the 7th week (49 days).
Out of the last 15 weeks, only two of those weeks have seen a close below the open.
Not shown is the clear divergence...
4-hour micro-NQ futures contract
Bearish Deep Crab on the daily.
Bearish Crab on the hourly.
Rising Wedge on the hourly.
All fall on top of the 161.8% Fib ext.
Short between 13879 and 13700.
1st Profit Target @ 12462.8
2nd Profit Target @ 11779.4
I previously took heavy short positons in the NQ (e-mini NASDAQ futures) back in October of 18. That trade from 2018 is here:
More details are in that article, but in a nutshell the behavior of US equity markets is this: for whatever reason, when the stock...
If today is the top of the corrective wave, then we can establish a Fibonacci extension from the all-time high, to the most recent major low and then to today's top. The 0.786 Fibonacci extension level is within the same value area as some important prior market swing lows.
A new Impulse Wave lower over a 49-day period towards the 2k value area is a very likely...
The AUDUSD has entered into primary buy zone that I have been. Looking for.
Short term support near the 2/8th inner harmonic pivot at 0.6135. But that's not what is important. It's the Gann Analysis that is important.
Gann focused heavily on confluence zones of time - time, he said, was the reason for change. Right now, we have a massive collection of and...
EURUSD: Long because of Bat and Moon
I am not a bull of the EURUSD pair at all, but I can’t deny the setup here for taking a speculative long condition.
1. The red vertical line is the 6/8th harmonic time pivot – when an instrument is experiencing a fast rapid move higher or lower and then gets close to this time pivot, we often see swift reversals in the...
AUDUSD has just been halted against one of the dominant angles in this Gann geometry (method by Connie Brown) - powerful support level here suggests price will ride the line until it tags the 0.724 value area in early/mid June. The max price range between now and June would be the 0.74 value area.
We don't need a lot of analysis to spot what is going on here. On the Weekly Ichimoku chart for the Total Market Cap, we can see a rare event coming that has not happened since November 2015: both price and the Chikou Span crossing above the Kumo.
This event is rare, but it is almost always a signal of a prolonged and powerful bullish trend - not just in...
Entry zone between 1.2575 and 1.25
The entry zone is the 50% Fib extension of AB as well as the end of the corrective wave (C).
144-day Gann cycle causes major turns in trends.
The 2/8th inner harmonic is a natural and powerful pivot and it rests at 1.2505.
Initial target is the combination range of 1.3567 - 1.3637 (61.8% extension of the swing low on Auguest...
WD Gann wrote extensively on the topic of time cycles and the importance of using time as the primary factor for determining movements in markets. Some of these dates are seasonal, while others are cyclical. There is a substantial collection of these dates occurring over the next thirteen days. The following are some of these critical dates and cycles that...
A rare and powerful bullish pattern is confirmed on Cardano’s (ADA) weekly chart. Primary time cycles culminate soon for Cardano.
The Bullish Shark
The bullish shark is the newest of Scott Carney’s harmonic patterns. I’ve never gotten used to it yet. It’s a pattern that relies on the extremely powerful 88.6% Fibonacci retracement. It is different from all of...
Bitcoin’s 1440 Day Cycle
• Cycles are a component of any field of study and are of particular importance in the technical analysis of financial markets.
• It’s important to understand that nothing is exact when dealing with long term cycles, we can indeed provide for a degree of variance – this is perfectly normal and logical.
Bitcoin’s 1440 Day Cycle
This bearish Gartley Harmonic Pattern shows up against three major Gann cycles: two 180-day inner year cycles and the 49-day cycle. The culmination of these events also happens at a minor swing high during a cyclical event. The USDJPY tends to suffer violent trend reversals and/or corrective moves if it is near an important swing/high or low during the first two...
Bitcoin’s Elliot Wave Chart
There is a myriad of examples of Elliot Wave charts for Bitcoin. I’m sure my analysis deviates as much as it compliments other charts. Practitioners of Elliot Wave are as varied as any other style of analysis. Some (like me) use Elliot Wave as more of a guide and a visual cue to identifying swings. Others are very...