Accumulation and Breakout: GBPAUD underwent a period of accumulation just below the median line, signaling potential upward momentum. The eventual breakout above the median line adds credence to this notion and positions the pair for a potential bullish run. Support from Accumulation: The accumulation phase beneath the median line not only reinforces the...
COMEX:HG1! Copper is breaking down. Looking at the .702 (sneaky fib) retracement as a price target. I'm thinking price gets down near $2.88 sometime during April 2024. Fat_Fat
Price Action Analysis: The bullish pitchfork (marked in green) failed to reach its median line, leading to a breakout below the lower parallel. This breakout signaled a shift in market sentiment, potentially indicating a bearish reversal. Drawing Conclusions: In response to the breakout, a bearish pitchfork (marked in pink) was drawn to assess the potential...
The JSE Top40 index has been trying to break the resistance of the Pitchfork to the upside, however it has continuously met failure, now price is within the timing band to drop into a half cycle correction into the end of June 2023. The line in the sand (on chart) is 69,756.50, going below this at any moment means we are in for a deeper correction. This is a high...
The USDZAR pair fell out of a parallel channel, bounced off the Pitchfork and backtested the channel. On its way down, it broke out of the major Pitchfork and also went below 20 June 2023 price, defining a cycle failure. Currently we see price recovering the 200 day moving average at a point where a median line intersects a pink support trendline, this is within...
If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better! I have been posting more on my other accounts, tbh fyi. XRP update. Could not break .6732 and respecting PF so looking lower for now. .6732, bulls have to flip...
Hello Traders, As you see on the chart, INJ has been one of the best tokens in terms of ROI since January 2023. It's still on the uptrend channel and if it corrects, it will be a best buy opportunity around 0.5 Fib level which is ~$7.3. The 0.5 Fib level has been a reversal point since January. If you agree, please hit the boost button and follow me for more...
Welcome. As per my analysis of Tata Motors stock. There is a high probability of a bearish move with a very negative candle in the last channel of the Pitchfork orbit. With a very large red confirmation candle on the daily chart, it indicates a strong entry of sellers into the stock. Good luck everyone
Introduction: I'm looking at a potential bullish trade opportunity on the NZDCHF pair. The price is currently attempting to cross the median line of a bullish pitchfork, and it has also broken out of a rectangular pattern. A recent support level seen at a sliding parallel just below the median line. This sliding parallel has been respected 4 times in the recent...
Analysis - Black: D1 long forks (median line) - Red: H4 long fork (lower parallel). Previous week's levels. - Orange: H1 long weak fork. Previous day's levels. - Yellow: m15 long fork (median line). - Institutional investors are leaving the market. Next move - Purple: H1 trendlines - Blue: H1 levels to be retested - Weak long and neutral base.
Analysis - Black: D1 long fork (between the lower parallel and the upper parallel). - Red: H4 long fork (upper parallel). Pevious week's levels. - Orange: H1 long fork (between the lower and the sliding parallel). Pevious day's levels. - Yellow: m15 long fork (over the lower parallel). Next move - Purple: H1 trendlines - Blue: H1 levels to be retested - Short...
Analysis - Black: D1 long fork (between the median line and the upper parallel) - Red: There is no H4 fork. Previous week's levels - Orange: H1 short fork (over the lower parallel). Previous day's levels. - Institutional investors are leaving the market. Next move - Purple: H1 trendlines - Blue: H1 levels to be retested - Long correction and short trend. If the...
Analysis - Black: D1 long fork (between the upper parallel and the median line) - Red: There is no H4 fork. Previous week's levels - Orange: H1 short weak fork (over the upper parallel). Previous day's levels. - Institutional investors are leaving the market. Next move - Purple: H1 trendlines - Blue: H1 levels to be retested - Long correction and short trend. If...
Analysis - Black: D1 long fork (between the median and the upper parallel) - Red: H4 short strait fork (over the upper parallel). Previous week's levels. - Orange: H1 short fork (over the upper parallel). Previous day's levels. - Institutional investors are leaving the market. Next move - Purple: H1 trendlines - Blue: H1 levels to be retested - Long correction,...
Analysis - Black: D1 trend long fork (between the median line and the lower parallel) - Red: H4 short fork (upper parallel). Previous week's levels. - Orange: There is no H1 fork. Previous day's levels. - Institutional investors are leaving the market. Next move - Purple: H1 trendlines - Blue: H1 levels to be retested - Long correction, short trend. If the H4...
BA has tried to evade successive negative divergence, appears to be in a distribution hold. Price has also fallen out of the Pitchfork that guided the uptrend. We can expect price to begin to trend downwards, expectation would be a swift move to the downside.
BVT confirmed a cycle low on 31 May, however this low did not fail (did not go lower than 3 March). Looking at the RSI we can see it close to being overbought while on the chart we see price arriving at the median of the Pitchfork, these are conditions where price makes an early top or Half Cycle High before turning downwards & go decisively lower than 31 May...
Analysis - Black: D1 long forks (median line) - Red: H4 long fork (lower parallel). Previous week's levels. - Orange: There is no H1 fork. Previous day's levels. - Yellow: m15 short fork. Next move - Purple: H1 trendlines - Blue: H1 levels to be retested - If the m15 fork is break it is long. Target is the middle and the bottom of the H4 fork.