ZW1! Weekly - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Trend Lines, Cluster, Confluence, Rectangles, Pitchfork, Modified Schiff Pitchfork, Fibonacci Extension - Hope it Helps, Good Luck DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment...
ZC1! Weekly - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Trend Lines, Cluster, Confluence, Pitchfork, Modified Schiff Pitchfork - Hope it Helps, Good Luck DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment product is provided for...
ES Daily - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Trend Lines , Parallel Channel, Cluster, Confluence, Pitchfork, Modified Schiff Pitchfork - Hope it Helps, Good Luck DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment product is ...
ES Weekly - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Trend Lines , Parallel Channel, Cluster, Confluence, Fibonacci Retracement, Pitchfork, Modified Schiff Pitchfork - Hope it Helps, Good Luck DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any...
XAUUSD Weekly - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support-Resistance Zones, Modified Schiff Pitchfork, Pitchfork, TrendLines - Hope it Helps, Good Luck DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment product is provided for informational,...
As I mentioned in my previous VET post in March, there was always a possibility that VET would drop out of the Bottom Trend-line of its Ascending Wedge and Invalidate that Ascending Wedge Pattern, which has happened. VET also failed to get back above its 0.236 Trend-Based Fib extension Level on that previous chart so we know that $0.087 is the price that VET needs...
As a long term view, i cannot say with high probability what's going on but there is a energy point in view and a triangle created in between that area that can be a price target, there's no clear area of support or resistant in that area that fits perfectly but the best shot would be 19.522 since it's a valid swing high and must be broken if we want to see higher...
I though of sharing my current technical analysis with all of the interested people. We have a few things lining up nicely. First of all we have a downsloping trendline from the ATH over the last two peaks of the BTC price action ( 52k and 43k) lining up with a .618 fibonacci retracement . Additionally this .618 fib retracement lines up with two key levels which...
I've used Modified schiff pitchfork with the markings ( ABC ) seen on the chart and since the outside trendlines mark potential support and resistance , solana managed to take support at pitchfork . Pitchforks are used as part of a popular analysis and trading technique. In essence, there are 3 key elements to it: 2 outside parallel lines that provide support and...
Pitchforks create a type of trend channel. The trend is considered active as long as the price stays within the channel. Reversals occur when price breaks out of the channel. There is a center median line (trend line), as well as sets of lines above and below that median line. The additional lines are set a specified number of standard deviations away from...
Both of these charts are the same except for the change from an original Pitchfork on the left to a Modified Schiff on the right. I think it's pretty fascinating to see how the different level's we're seeing are captured perfectly by these different versions of the same tool. I'll try and list things that I think are interesting on the left and right and compare...
I love $LINK on the 4hr chart. I've been experimenting with fans and pitchforks, and this one is AWESOME for identifying pivots. I used the Modified Schiff pitchfork on this. Which is good for sideways market action, as it moves the median 50% up and 50% over in terms of price and time. Just look how it touches the .5 and the 1 deviations, but then wicks...
Similar setup for the GU, as you can see it is forming a "Head and shoulders pattern" (I don't trade chart patterns) . Price is moving in a very organized way and that's curious to see. Hope you like me analysis even though it is hard to understand xD. Feel free to ask me anything about my analysis :D.
Confluence of normal pitchfork, modifed schiff and a good demand zone.
The price has gone way above the channel. I'm not exactly sure what this means. Do I re-draw it? Or is this going to come down hard? The way the market is now, it looks like it's going to slide way down to around $220.00 Please let me know your thoughts.
Although the short term signal is SHORT, look for a reversal to LONG around $31. When using Modified Pitchforks, it's important that the projected lines provide multi-sigma coverage of the linear regression slope. In the case of CIEN, a Modified Pitchfork from the 2017 lows provides almost perfect symmetry and gives the trader several levels to trade Ciena. ...