thecharttechnician

thecharttechnician

Idea title has Three Bullish Indicators in this Weekly Time Frame. All of which are still in effect until proven otherwise. Will the Price Action make it to next Resistance Zone ? Not to be taken as a Financial Advise.

thecharttechnician

Classic Dow Theory UP-TREND now in place/confirmed. Will it succeed ?

thecharttechnician

Current pattern is still in the making and yet to be completed and resolved. Short term signals may offer some clues as to which way the price action may be headed.

thecharttechnician

Not a ONE WAY street even in strong trends, up or down. Are we about to witness a COUNTER-CYCLICAL move to zone of 25000 ? Not to be taken as a finacial advice.

thecharttechnician

All on the chart for educational purposes only. COVID base pattern target was met ( near enough is good enough for me). Will the current downside target also be met ?

thecharttechnician

Completed pattern enabling us to count is shown for educational purposes only.It is not a financial advice. Will the bearish price objective be met ?

thecharttechnician

All on the chart showing the application of Dow Theory trend change in a major monthly timeframe. What else can be said !

thecharttechnician

Self explenatory and for educational purposes only with all one needs to know shown on the chart. Will the down target be met or even exceeded remains to be seen. Remember, this is a forecasting method.

thecharttechnician

What happened after the first impulse MOVE in BLUE ? COUNTER-TREND move shown with Red arrow. What happened after the first counter-trend move in Red ? Another impulse move almost equal to the magnitude of first counter-trend move. What does this tell us ? CONGESTION/TRADING-RANGE. Is the trading range resolved yet ? NO To see it resolved, we must see a...

thecharttechnician

A completed TOP PATTERN, within the box as shown on the chart, enables us to take a Point & Figure count. This is in order to estimate the extend of the bearish move which is currently underway. Calculations are self-explanatory and straight forward. Box size (700 Points) and reversal is 3 Box. Will the target be met or even exceeded ? This remains to be seen. I...

thecharttechnician

High poles can be read as reversal signals which may indicate that the bullish impulse move of late is at a stop/halt in the short/medium terms (bull trend is still intact).This indicates a correction period being underway like the previous two boxes as shown. Watch the support shown at 10.82. This is the critical support level. This analysis is not a financial advice.

thecharttechnician

Another real time accumulation pattern which may be completed soon, as shown. if completed and succeeds, target would be approx. 2000(depth of the pattern to be projected to the upside from the breakout point/neckline). Keep an eye on from here on. This analysis is not a financial advise.

thecharttechnician

Powerful price action behaviour& violated up trending channels x 2 + Violated 40 period weekly SMA = Auf Wiedersehen WBC. This analysis is not a financial advice but rather to demonstrate 2 different exit strategies on a long position. ( channel violation as well as 40 period SMA violation on weekly chart. I am now counting the down move ( not shown).

thecharttechnician

A bullish complex Pivot Point Reversal, where it matters again, most likely caught the short seller off guard forcing them to cover. This is the message from our charts at present. Bulls are now charging in the short term as the bear retreat takes place. Looking forward to $50 zone being tested over the weeks ahead. This analysis is for educational purposes only.

thecharttechnician

This post complements my earlier post made on 15/10 www.tradingview.com It shows the bar where a medium term trend has changed from down to up. It is a simple as drawing zig zag lines and noting the high and low points where CHANGE occurs. This change, in the case with MFG, alerts us that the bears have lost control to bulls in the medium term. Although the next...

thecharttechnician

This post is for educational purposes only demonstrating how to use the Point & Figure charting target calculation here at tradingview. Completed pattern is a must which is shown. Count then takes place which is also shown. Then, we do the simple sum and target pops up as shown at the bottom of the chart. See all my calculations at the bottom of the chart as I...

thecharttechnician

Calculating price targets from a completed patterns (top or bottom) gives us an idea as to the extend of the move once it is underway. Here is another one of those for educational purposes only. In this case, the the target is met and exceeded suggesting a potential re-test of the 2020 low(shown on the chart) over the coming weeks. Chartist/Technical Analyst...

thecharttechnician

If it is too technical for you, may move on. If you want to learn the correct application of Dow Theory medium term trend, study this chart religiously. I have marked/identified all relevant price points for you. I have become an active technical analyst of MFG as of last week. Why ? See my previous Point and Figure post on MFG as I have been stalking it for a...