TLT is currently at the Warning-Line of the white Fork.
We can see how price reacts to the Center-Line.
A classical retest that played out textbook like.
Then the same at the BASE Line of the Action/Reaction Set.
If TLT cracks the WL, then the next stop would be the Reaction line.
All this is in line with the destroyed Bond Market.
And that's the reason why I...
So, here comes a little lessen, that could have a huge impact on your Trading.
Many of you know that in my arsenal of tools I use the Medianline/Pitchfork tool very often. It's my best tool to project the path of price, find extremes and centers in the markets.
One day, I was stepping back in the world of Action/Reaction and started to research on the wisdom of...
Hi guys i hope you well in this analysis if price can remaining above this area that i highlighted we are still buyer if price break this area we can think to sell market.
TLDR: THE SPX HAS JUST RETRACED 50% OF THE UPMOVE IN PRICE SINCE MARCH 2020 IN 50% OF THE TIME; THIS PROBABLY WASN'T A BEAR MARKET, BUT A TECHNICAL CORRECTION
The 50% Rule of W.D.Gann states that an asset will usually retrace 50% of its range in 50% of the amount of time that it took to establish the range.
Doctor Alan Andrews described the Action-Reaction...
A LONG SCENARIO
We see the RED numbers. They show the Pendulum Swings.
Then we see the BLUE numbers, showing the minor Pivot Swings.
For both I apply the 0 - 5 rule. This means, if 5 is reached, a turn is highly potential.
The problem here is, that you don't know then the 5 is over.
From the RED perspective, the market has not jet reached it's low.
But from...
SpX Fell Out Of A Rising Wedge
And is backtesting longterm resistance
This is also at a geometric action-reaction line
There is bearish divergence
I wouldn't want to be long here
But markets are designed to stay irrational longer than retail can stay solvent...
DISCLAIMER
For information only
No advice
Trade safe
Price has Broken the Diagonal Low and will look to Retest the Back side of it filling the Gap before moving lower
Principle is Price Moves in a Flow over Time
The Flow Has turned down from its consolidation upward and will expand to the Downside
Principle is For Every Action there is an Equal and Opposite Reaction (Newton)
Key points:
- Price has test and retest the lower parallel line (Price typically runs out of energy at the reaction line)
- Price is in a range and needs to decide direction before we can make our trade decision.
- Price is above the 200 moving average for over 60 days.
- Overall on balance of probability, price should go higher from this point but we cannot...
Pay no attention to the giant head and shoulders on the weekly
thepatternsite.com
Even if you do that, let geometry show you where price is heading
The action reaction technique devised by Dr Alan Andrews uses Newton's Third Law to derive a median line, which price action will return to 80% of the time (Greg Fisher later validated this).
With the variants of...
