Opened a short here based on S/R and I plan to manage it as far down towards the centerline as possible until Friday at 5pm. In the past I have left a lot of pips on the table by avoiding entries when the price is outside the pitchfork but just like S/R lines and zones, they are imperfect and I need to rely on more than one indicator than just a pitchfork.
I entered a short on EURUSD after reviewing the overall trend, H4, and H1 charts with RSI. I think there's a lot of room for it to run here as long as I don't get stopped out first.
Rising interest rates and cryptocurrency narrative to send BTC to 90,000+ by May
Due to the drawing of Andrew's fork and leaving the fork, we expect the trigger line to have a price increase, as well as the observation of two cups with a valid failure.
Due to the drawing of Andrew's fork and crossing the midline, we expect the fork ceiling and the parallel line to have a price increase.
NASDAQ:GILD Early Long Idea on Gilead Sciences Gilead has navigated 2/3rds of a huge arc that has been forming since 2015, and the arc is beginning to slope vertical. Price navigated the yellow pitchfork on the way down, and now is beginning to be directed by the purple upsloping fork. Weekly Stoch RSI is approaching oversold levels. I will wait for a...
I'm watching USDJPY to test a couple S/R levels before returning towards the median line. The D RSI is not where I want it to be yet to open a long so I'll keep watching and maybe update this idea tomorrow.
Watching for a confirmation on the H4 and H1 for a good entry. After a few losses I started to solidify my system and the confirmations I'm looking for. -Set the pitchfork on the Daily chart and Weekly RSI -Does the trade coincide with the higher time frame trend? (If no then no trade) -Is the trade returning to the median line (If no then no trade) -Will the...
We can see pichforks tools provide proper support ana resistance...... Please wait and watch......
I entered a short on USDCAD after reviewing the RSI. I have a partial TP at the Median Line that will trigger auto Break Even.
I don't post a lot on the bulwark of crypto but I needed to spruce up the chart a bit (too many trendlines, supts, rest's). Came up with some reaffirming notions on direction, given market sentiments, Fear & Greed, trends, etc. These are my current observations, considering the state of TOTAL3, SPX et. al., I still can't see how holders avoid selling into the...
It’s too hard for price to brick this dynamic trend line to rise price to upper level . Power of extend was fall and power of retrace was risen . Price didn’t hit ascending Chanel top boarder . We can see incomplete swing and it’s to long to brick last extend price . But in last day of last week we saw strong candle but long shadow can see . It’s to far from my...
I added a Fib retracement and a reverse median line to try to plot out if the retrace will keep going to the median line of the larger pitchfork or if it will bounce back up to the top of the pitchfork.
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crab harmonic pattern: X=2.14e-7 A=8e-10 AB=0.38 XA BC=0.38 AB 1.6 BC=1.15e-8 2 BC=1.57e-8 2.24 BC=1.91e-8 *2.6 BC=2.6e-8 *3.6 BC=5.92e-8 0.78 XA=6.51e-8 4.23 BC=9.83e-8 0.88 XA=1.13e-7 1.13 XA=4.42e-7 6.85 BC=8.38e-7 1.27 XA=9.75e-7 1.41 XA=2.1e-6 *1.6 XA=6.7e-6
crab harmonic pattern: X=$6.3 AB=0.61 XA BC=0.38 AB 1.6 BC=$1.74 0.78 XA=$1.98 2 BC=$2.8 0.88 XA=$3.4 2.24 BC=$3.8 2.6 BC=$6 1.13 XA=12.6 3.6 BC=$21 1.27 XA=$27.23 4.23 BC=$46 1.41 XA=$57 1.6 XA=$175
VeChain Update VeChain had broke out of its previous Falling Wedge Pattern but is still in a downwards channel. VeChain failed 4x to close above its sideways Pitchfork Median Line (A,B,C). VeChain has closed below its Least Squares Moving Average (LSMA) on this 1 day timeframe. Note that a close below the LSMA is considered a sell signal. At the moment,...
D1 blue fork is short. H1 orange fork is short. Most likely movement: long correction or short move and long correction.