So far so good BTC seems to be following this Pitchfork formation. I have a price target of 33,600 this week or next. Look at how well support help on the bottom green channel today. COINBASE:BTCUSD
This is the Daily chart for NASDAQ:MARA and this pitchfork nicely lines up with its recent runup and top wicks. Looking for another test of the mid-band this week.
MSFT reached a high pitchfork line and the RSI and the price are diverging which is a bearish setup.
MCG is now seeking a weekly & yearly low price, so far price has retracted to below 2 previous low weekly points (week 20 June 2022 & 6 September 2021), the next weekly low point R85.18. Current weekly cycle is on week 47, previous week duration were 54, 26, 51, 41, on balance of probability we can say we are within 6 weeks to finding a bottom. The current daily...
Analysis - Black: D1 long forks (upper parallel) - Red: H4 long fork (lower parallel) and previous week's levels - Orange: H1 short fork (median line) and previous day's levels Next move - Purple: H1 trendlines - Blue: H1 levels to be retested
Analysis - Black: D1 long fork (between the median and the upper parallel) - Red: H4 short fork (median line) and previous week's levels - Orange: H1 fork (between the median and the lower parallel) Next move - Purple: H1 trendlines - Blue: H1 levels to be retested
Analysis - Black: D1 long fork (median line) - Red: H4 long forks (median and upper parallel) and previous week's levels - Orange: H1 long fork (lower parallel) and previous day's levels Next move - Purple: H1 trendlines - Blue: H1 levels to be retested
Analysis - Black: D1 long fork (upper parallel) - Red: There is no H4 fork (near the upper parallel) and previous week's levels - Orange: H1 long forks and slope (over upper parallel) and previous day's levels Next move - Purple: H1 trendlines - Blue: H1 levels to be retested
Analysis - Black: D1 long fork (between the median and the upper parallel) - Red: H4 long forks (over the upper parallel) and previous week's levels - Orange: H1 long fork and slope (upper parallel) and previous day's levels Next move - Purple: H1 trendlines - Blue: H1 levels to be retested and Fibonacci target levels
Analysis - Black: D1 trend long fork (median line) - Red: H4 long fork (upper parallel) and previous week's levels - Orange: H1 short fork (upper parallel) and previous day's levels Next move - Purple: H1 trendlines - Blue: H1 levels to be retested - Target: H4 long fork median line. If fork H1 falls, then the target is the top of fork D1.
S&P500 - After breaking out from the medium term resistance near the 4170 - 4195 level has managed to highs of 4446. If the current retreat is confirmed by a break down below 4362, the retest of the 4170 - 4195 level is likely. This should make for a good retracement ahead of what could be a rally that can very well break past the recent highs of 4446.
I drew a pitchfork for NVDA! As you can see, the lower area of the pitchfork is support for price. Documnets-.
If resistance is maintained, there is a possibility of falling
My previous TSLA idea (see related ideas) was bearish and TSLA went down ~16% (over 20% based on yesterday's close, I expected market to be up today, see related SPY idea). My TSLA idea before that (again, see related ideas) was bullish and TSLA went up 54%. Now TSLA looks bullish again based on pitchfork analysis, particularly on weekly chart.
Based on pitchfork analysis it looks like TSLA has run it's course and it's ready to fall. This looks to be the case both on daily and weekly charts. See my previous ideas on TSLA which consistently predicted its course.
META reached the middle red pitchfork line while the RSI is overbought and in divergence with the price. This indicates a bearish setup.
Analysis - Black: D1 long forks (upper parallel and between the median and the upper parallel) - Red: H4 long fork (over the upper parallel) and previous week's levels - Orange: H1 long forks (upper parallel) and previous days's levels Next move - Purple: H1 trendlines - Blue: H1 levels to be retested If the H1 long fork falls, it is short.
Analysis - Black: D1 long fork (between the median and the upper parallel) - Red: H4 long fork (between the median and the lower parallel) and previous week's levels - Orange: There is no H1 fork Next move - Purple: H1 trendlines - Blue: H1 levels to be retested I expect high volatility thrashing. If the H4 long fork falls, it is short.