Analysis - Black: D1 long fork (between the lower parallel and the upper parallel) - Red: H1 long fork (upper parallel). Pevious week's levels. - Orange: H1 long fork. Pevious day's levels. - Blue: m15 speculative fork. Next move - Purple: H1 trendlines - Blue: H1 levels to be retested - Short correction, long trend. If the H1 fork breaks it is short.
Analysis - Black: D1 long fork (over the lower parallel) - Red: H4 long fork (over the lower parallel). Previous week's levels - Orange: H1 short fork (upper parallel). Previous day's levels Next move - Purple: H1 trendlines - Blue: H1 levels to be retested - Short correction and long trend. If the H1 fork breaks, it is long.
Analysis - Black: D1 long fork (over the upper parallel) - Red: There is no H4 fork. Previous week's levels - Orange: H1 long fork (over the upper parallel). Previous day's levels Next move - Purple: H1 trendlines - Blue: H1 levels to be retested - Short correction and long trend. If the H1 fork falls, it is short.
Analysis - Black: D1 long fork (between the median and the upper parallel) - Red: There is no valid H4 fork yet -red short trendline maybe. Previous week's levels. - Orange: H1 long fork (median line). Previous day's levels. Next move - Purple: H1 trendlines - Blue: H1 levels to be retested - Short correction, long trend. If the H1 fork falls, it is short.
Analysis - Black: D1 trend long fork (between the median line and the lower parallel) - Red: H4 long fork (lower parallel) and previous week's levels - Orange: There is no valid H1 fork. Previous day's levels. Next move - Purple: H1 trendlines - Blue: H1 levels to be retested - Short correction, long trend. If the H4 fork falls, it is short
As you can see the SPX has closed the week at the 0.786 retracement of the entire move down from 2021 to 2022. This may be a point of support or it may be a fakeout, see the Schiff pitchfork and previous August high, which turned out to be a bear market rally.
As you can see, the Euro traded down to the 1.618 extension of the move up from 2020 low to 2021 high, and then from there traded exactly to the 0.618 retracement of the move down. The pitchfork from 2018 also confirmed both points.
NASDAQ:AAPL Apple due for a pullback. Bumping against the underside of the median line. Volume divergence. RSI divergence. Look for a retrace to .382 or .50 Fibs. Fat_Fat
Quilter $JSEQLT presented a false breakout trapping unsuspecting bulls, now the daily cycle has failed though price is within timing band for a bounce, it will not last long before price resumes downtrend. Dates of interest would be end of April/early May for long positions. Ideally price must go lower than R16.61 to present good risk/reward for longs following a...
ES (SP 500) Daily - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Trend Lines , Parallel Channel, Cluster, Confluence, Pitchfork, Gap, Fibonacci Retracement / Extension - Hope it Helps, Good Luck DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any...
BINANCE:BTCUSDT COINBASE:BTCUSD Hello dear traders Due to the decrease in trading volume in the last few weeks, I'm going to do some weekly Bitcoin analysis. In the next few days, Bitcoin is expected to return to the $31,000 range if it holds above the indicated areas. If the price breaks below the mentioned areas, the price will drop to the level of...
Hi Traders, We are looking for a selling opportunity for this Pair for some reasons: 1. Rising Wedge - based on the previous move of CADCHF last Oct.- Nov. 2022 2. The edge of the Schiff Pitchfork is currently being tested- if the price is rejected by this, this will be a huge downside for this pair 3. Currently with the strong Fibonacci Resistance Level 4. It...
NASDAQ:EMXC Long EMXC (Emerging Markets Ex China) Inverted Head & Shoulders breaking out. Target ML / TL intersection = $68ish by Jan 2024 Fat_Fat
SPX along with other markets have been in a massive uptrend from past several weeks. But we are about to see a potential change in trend. On the chart you can see I have a pitchfork from the bottom, which has helped me a lot during this entire up trend, its levels have been respected very well. But now we are about to hit the top of the pitchfork very soon,...
Analysis - Black: D1 long forks (upper parallel) - Red: H4 long fork (between the median line and the upper parallel). Previous week's levels. - Orange: H1 long fork (median line). Previous day's levels. Next move - Purple: H1 trendlines - Blue: H1 levels to be retested - If the H1 fork is break it is short. Target is the middle and the bottom of the H4 fork.
Analysis - Black: D1 long fork (between the lower parallel and the upper parallel) - Red: H1 long fork (median line). Pevious week's levels - Orange: There is no valid H1 fork. Pevious day's levels Next move - Purple: H1 trendlines - Blue: H1 levels to be retested - Long correction, short trend. Target is the bottom of the H4 fork. If the speculative fork breaks...
Analysis - Black: D1 long fork (between the median and the upper parallel) - Red: H4 long fork (over the lower parallel) and previous week's levels - Orange: H1 short fork (over the lower parallel) and previous day's levels - Yellow: m15 short fork (upper parallel) Next move - Purple: H1 trendlines - Blue: H1 levels to be retested - Long correction and short...
Analysis - Black: D1 long fork (median line) - Red: H4 short fork (over the upper parallel) and previous week's levels - Orange: H1 long fork (median line) and previous day's levels Next move - Purple: H1 trendlines - Blue: H1 levels to be retested - Short correction and long trend. If the H1 fork falls, it is short. The larger time frame fork, can pull back the price.