My previous forecast on XAUUSD was bearish continuation and looking for Lower Low, this is an alternative for Bull Run, key level on lower timeframe by using Andrew's Pitchfork was 1914 then 1860.
Trade safe, Everyone!
Price could not touch Median Line and a Hagobian Gap* has builded up,
then broke sliding parallel,which is sign of weakness.
I am awaiting a fall until 1890-1900 area,
which is a suffient level for open a long position,
in case countertrendline breaks.
//*If the price hasn’t been able to touch the median line
(20% of the time), the market intends to form a...
Previous strategy worked fine and we closed the trade with profit, now we have another strategy for steep markets. it's more simple but it again uses hagopian's rule as the main idea of it
when you see a Drop base Drop or a Rally base Ralley structure, you can use the start point ot the move as A point, the first low as the B point and the highest high as the C ...
what you can see here is a double fork hagopian triangle strategy (or at least what i call it), it aims to use a triangle lines as hagopian lines and use the failing fork to identify the failing side and trade in that direction, i usually find it to go at least 80% of the profit bar (which is nothing special but the triangle height).
if you don't know what...
ABCD pattern in process,
according to Hagopian Rule ; <>,
in this case, price fell without reaching Median Line around 1835, leaving a 3 dollars gap,
moreover local trend line and Hagopian lines are broken too,
I think about selling around C point ; IF LOCAL COUNTERLINE (BC LEG) BREAKS.
ABCD pattern in progress,
I am waiting for pulback (C corner) which coincides with local support and first warning line - Hagobian line interval area,
if price hits 1830, I am gonna search for selling opportunity
Quick VTHO 4hr chart update:
After yesterday’s massive price rise, VTHO has dropped back under the Upper Bollinger Band which should come as a surprise after such a large rise.
Note that we have had an extreme expansion on the Upper and Lower Bollinger Bands so a BB contraction and price dip is a possibility and should not come as a surprise.
VTHO is back below...
Crypto drops like the one today can look devastating on the lower timeframes, but if you take a breather, step back, zoom out and look at higher timeframes like the weekly, you’ll soon see the bigger picture.
ADA is still well above its Bollinger Bands Middle Band Basis 20 Period SMA on the weekly chart.
ADA is still well above its 50EMA on the weekly...
For my 100 TradingView post, i though i'd do a nice in-depth Technical Analysis about what BTC needs to do using the various TA tools i use, so i hope you all find this helpful and informative:
If we look at the descending Pitchfork (A,B,C), BTC has found strong resistance at the Pitchfork Median Line. BTC 110% needs to CLOSE a daily candle above this level and...
VeChain Longterm Outlook:
I thought i’d do this post slightly differently, more neater with less indicators on it so you can see how far VeChain has come and what a crucial time VeChain is nearing at.
VeChain is well above its 50EMA on the daily chart.
The Bollinger Bands are indicating volatility has increased with the Upper and Lower Bollinger Bands expanding...
A lot a traders & hodl-ers start to panic when the crypto asset they’re investing in stalls or dips for a few days or weeks, these same traders & hodl-ers fail to look at the bigger picture………. that ADA is still in a LONGTERM UPTREND.
Let’s look at this ADA daily chart which is more simpler than i normally post, to enable us to look at the LONGTERM OUTLOOK. I...
