Don't miss this Buy Opportunity for NEWUSDT
Trading proposals post based on price action, technical analysis, major intraday supports and resistances, rejections, breakouts, chart patterns and other factors .
Trading suggestion :
📉NEWUSDT
Buy Now or Buy at @ 0.000258
Stop Loss @ 0.000180
Take Profit 1@ 0.000400
Take Profit 2@ 0.000575
Take Profit 3@...
en.wikipedia.org
The Late Roger Babson allegedly predicted the 1929 crash and hence made what was probably the trade of last century. It would be the equivalent of a billion dollar trade in today's market.
Dr Alan Andrews later took his mentor's concepts, which related to Newtonian physics and devised the Action-Reaction method of technical analysis;...
This is how Action/Reaction roughly works:
1) take the center of a major swing
2) mesure back and
3) project it forward.
Observe how price is acting/reaction at the R-Lines.
This is the same principle like: "If you push to a wall, the wall is pushing back."
On my new Blog-Post for registered FreeFTG members, I'm going into details about this technique that...
Just look, study and begin to see.
If you know the rules about Action/Reaction, about the Forks, you have a better sense what potentially could happen when price reaches the centerline, or breaks out of the U-MLH and comes back ("overshoot" - "back to centerline" in pink).
Follow each bar, from left to right...slowly...think about what's going on bevor going to...
Here we have the really important parts of the SPY.
The touchdown (twice) at the Big CL (fat frey) is a great indication that we are going potentially higher.
The black resistance where we are now, is also a CL from High-Low extremes.
The orange sliding is the Shift in frequency and can be used as a confirmation too, for either long or short.
The Trend Barrier...
What is important on this chart is not the trade!
It is how you can see support and resistance at the lines.
If you know how to use these tools your chance of profit increase dramatically, because all these lines do is follow the law of Action/Reaction - Newtons law.
It's not a holy grale or such. But when something is happening over 80% of time, then we should...
Even it looks very magical how the lines catch price - there is and never will be any magic in trading.
But the lines have their reasons, time and place!
Want to learn more about Action / Reaction?
Here is your very basic free course for beginners of A/R- a short look what it is all about:
mytradingcoach.teachable.com
Please let me know if you would like...
Not just because it ran up like hell, but because
it has physically reached the extreme at the
U-MLH (black).
Don't get me wrong!
Markets can run to 10ths of extremese. But in
most of the time we deal with the standards.
What else do we have:
- resistance zone
- Action/Reaction reached
- reversal Bar
...and all in all: Confluence, created by the facts.
Let's...
What i see in the RUT is a potential resistance.
Alltough it could be that price is advancing to the upper CL (green), my
opinion (which i should not have) is that we see the end of this up move.
The blue Fork's CL got broken up, then broken down again and now we
are in the test/retest mode of it, actually exactly at the blue CL again.
Price fluctuate. And...
After the BRK of the small A/R set's U-MLH, price rocket higher, up to the EP
where the blue and green CL's meet.
It's very possible to me, we see price above 47.
If so, price then is above the blue CL again - the biggy would be re- broken.
Facts:
- BRK the slanted coil (orange...to bring poublic short and holding the bag open?)
- back to start (bag full....
P5 is reached...at least it looks like.
The tiny lower close is very suspicious...
At least price broke out of the "creative" downsloping Fork and reached the CL.
From here price either zooms through the CL, or comes down to the L-MLH.
Chance for the walk to the south are 80% - same as going to the CL!
And why NOW?...well, as i said, price reached the CL. So it's...
I see 5 major possiblities:
1. Price turns at this (red) centerline where it is now, and go's for a test/retest to the upper CL (blue)
2. Price stops a the mesured move line, the one in the green zone
3. The lower (grenn) A/R line holds for a massive move to the upside. If this holds, we would have a huge hagopian which means, price is going further back then...
