• TSLA is doing a top sign, and it is showing some weakness; • Since TSLA is losing the $200, and it did a top sign, the next technical stop is the $182; • The last 3 candlesticks form what appears to be an Evening Doji Star, which according to Bulkowski’s studies, works as a bearish reversal 71% of the time; • Therefore, a correction wouldn’t be surprising,...
Here is the trade and your odds: This pattern breaks down 69% of the time. 82% of the time when it and (if) it breaks down the downward move will be at least the same percentage move as the upward price move that led to the diamond top approx imately 21% . This would translate into a dump right on or about the 50% fib retracement level at 3200 and change. Also...
In this idea I am drawing a descending triangle to show the catalyst that should bring us to the bottom. Descending triangles tend to breakout to the downside and then the price action curls up to begin an uptrend. This idea takes into account many things such as and not limited to Fibonacci, Bulkowski, and correlation with Bitcoin. The difference is that with...
One of my favorite patterns here! ETH, along with ALT-Coins are looking at a crazy run in the near future. Crypto's Total Market Cap will be made up of 25% ETH! This will be the highest its been since ..... 2018! This next bull run will be ETH and the ALTS holding BTC by the balls. We know from history that when ETH takes the charge, she RIPS. Hopefully the market...
Testing Bulkowski Head and Shoulders Bottom pattern. Will bulls manage to break the neckline? Will the pattern complete? IDK, no one does... to learn more about magick of Bulkowski, visit: www.thepatternsite.com never margin trade. Go well.
Using Bulkowski's theory that parabolic moves (branching steep trendlines) are unsustainable and return to a more stable gradient (their root trendline shown in yellow) and shows a possible support for XRP at $0.30 Closer observation shows how we can use breaks of the steep trendlines as entry points and take profit at the lower ones.
Target almost hit for BTC shorts, from break of BARR trade to root trendline.
Using Bulkowski's calculations for AB=CD from "thepatternsite . com" with the values A=69,028, B=40,589, C=52,072; I calculated D=33,492. The H&S target of 51% is also from Bulkowski's site. The AB=CD explains why we bounced where we did and the H&S hopefully gives us a "Max Pain" bottom number. The fib scale to the right is using 3,800 for the LL.
Bitcoin has a similar complex pattern as a stock in 1996. Market is market. No Elon Musk can change how market works. If market wants to change, it may change, twits are just the cause.
ROUNDING TOP IDEA Following up on the initial idea for a Rounding Top playing out on Bitcoin, this 4-hour $BEL chart shows a similar pattern which I expect to perform in an uptrend for a big move up in the mid to long term. April 17th's BTC dip accelerated the pattern closing and almost bounced off the rising trendline support. An impulse move might bring price...
***NOT FINANCIAL ADVICE*** ***THIS IS A PERSONAL IDEA, DYOR*** Could this be a Rounding Top pattern??? Note: Bulkowski describes the "Rounding Top" pattern in his Encyclopedia of Chart Patterns, page 608, as an upward breakout, indicating: "As prices move up, they curve around then break upward". He also mentions a downward volume trend as a sign of this...
On the Daily, UBER is performing a textbook symmetrical triangle and is ready for another breakout soon. Weekly levels in purple color gives us the range for starting up a trade position. MACD is giving is bullish divergences too. Measured move is included as I have placed 2 price targets. One for a little long action in between the triangle and another one soon...
Daily wave counting looks exactly like Bulkowski Ending Diagonal Triangle Elliott Wave Pattern. This pattern analysis is not a completed. thepatternsite.com I'm expecting a throw over so a potential short should be between ~76k and ~70k. I know that this is a pretty large range but those are the levels where we should watch for bearish signs like Volume...
In this idea I threw together a little fractal projection to outline what I expect to see from Pundi in the short term. This is a coin I recently got into and looks to have great growth potential. If you agree throw me a like and follow me for more unique ideas and concepts that keep you in the gains. Much love to my supporters.
In this idea I toy with some cycles and with a very basic chart pattern. This is a perfect specimen of an ascending scallop. Measurements are to soft exits to insure exit. One might say a pyramid style scale in with an inverted scale out would be the best way to utilize these targets to see max profits. This is a good example of the trades that I drop for my...
Ok guys I think this is where we finally see our pullback. Notice the artificial pump to diverge from the original fractal . Who knows? Maybe its nothing, but this is what I see and I wanted to share with my followers so they were aware what may occur here. Covered in Bulkowski's Classic Trading Patterns under the trend line chapter he mentions a piercing of a...
We are have completed a Minor set of Descending scallops and now should see a trend reversal into a set of Minor Ascending scallops. These two Minor sets will complete the Sub Major Ascending scallop. Currently we are creating the rounded bottom of the Sub Major Ascending scallop. This move is correlating well with the impending XRP snapshot for the Flare...
This is a clean scallop which at a minimum should regain a 65% of the overall heights the price action fell from given time. Targets are marked for take profit levels where pullbacks should take place. Green line marks safe buy in point.