Turns typically occur first on lower time frames. The 15min/60min charts shown here
highlight what may be an early attempt to turn for MJ. Moxie divergence on 15min is
showing strength building, and should move up in time frames assuming follow
through of price going forward.
This is a "heads up" for those watching MJ and related stocks.
The solar ETF TAN recently printed a weekly inverse trampoline.
Dropping to the hrly, we see Moxie drop below 0 line, creating
2 subsequent inverse tramps as potential "timing" vehicles
for the larger weekly one. Each individual may have their own
"timing" related indicators they prefer. This example simply
shows when both time frames are in concert with inverse...
The weekly Gold inverse trampoline could well have
been aided in "timing" by dropping to a lower TF.
Turns occur on smaller TFs first, and (ideally) move
up in TFs. During the week of Nov 15-19, the
15min printed a potential H&S. I've noted
several inverse tramps on this TF, both
occurring within the weekly inv. tramp.
The 3/10/16 pitched in on both,
If you follow Moxie setups, undoubtedly you've noticed a lot more
inverse trampolines showing up these days than regular trampolines.
USO provided two nice 60min inv. tramps. recently. I've highlighted
how one might utilize the 3/10/16 (daily) to "help" support these.
Multiple timeframes are a plus for these (inho). This is but
one approach to consider.
In addition to the trampolines on both timeframes,
it appears we have a potential smaller inverted H&S
within a larger inverted H&S.
Measured moves for both shown for reference.
Something to keep an eye on.
Saw this potential 3PDh progressing today, so
thought I'd run the numbers. Did a nice job
of finding (at least) a bounce area, if not
a notable low of some degree. The Tri-Day method
was applied to daily charts by Lindsay I believe, and
was used to estimate the extent of bear market selloffs.
But, I've found some instances on weekly as well as intraday
I hope to be wrong! Time will tell.
Within the 3PDh pattern, it begins with the 3 peaks.
From there, there is a (normally) 3 wave correction that
takes out the lows following peaks 1 and 2. This is called
a separating decline. From there price rallies and peaks.
Once it appears a decline has begun, we assume that the
"top" is in. Within this structure, 3 key...
The chart poses the question as to whether BTC is in the process
of completing a Domed house. Tri-Day method utilizes three points
within the 3 peaks and domed house structure to estimate the
extent of the decline to follow the domed house peak. The math
is done once the top is established, it does NOT pick tops.
'N' is the ultimate peak, and once determined,...
Was waiting for MJ to (hopefully) reach the weekly rising TL (trendline)
to look for a spot to enter. Have been fortunate to see price move up
from the aligned trampoline setups (wkly,hrly).
This is another example of utilizing Moxie on different timeframes
in order to tighten risk and increase potential reward. We'll see
how this plays out (or doesn't). :o)
One more variation of aligning timeframes when utilizing the Moxie indicator.
The chart lays out the options and how this combination likely
provides the best alternative.
Hope this provides some insight(s).