I learned how to calculate point and figure price targets today through my CMT course. This video shows how looking at may bottom set a target of 69k :0 mind blown. Next target is 63, based on 15 min chart, which we're close, but real target is about 54k. Ran out of battery on mic so recording stopped.
Trying my first XO trade. This looks like a triple bottom sell with a pole which may be followed by a catapult double bottom sell. Looking good! I won't be getting into the details much as I am beginning with this type of analysis myself. Looks like a good short after "O" paints below the blue line and creates a new sell entry with a stop-loss above the last "X" column.
Directions of the MES for long and short. Long entries are blue rectangles. Short entry is the red rectangle. I would prefer the long side because the overall picture and bias is based on my option long. See how it goes. Thanks Holm
We have successfully tested the upper resistance of our trading range with a tiny upthrust and turned down towards the $35k support, following $32k and $30k. Regarding p&f chart, i've explained in my previous analysis that we have 13 columns so far in the accumulation structure. This counts to a $39k potential, but we need at least $26k more to reach our beloved...
Hi, Tradingview removed my analysis update so i'm posting the revised version with LOVELY Tradingview charts! In this update i want to explain wyckoff method using poit and figure charts. Wyckoff uses them for identifying the events without the noise. These charts are created using x and o's, hence the topic tic-tac-toe . Google it and you can play the game...
This point and figure inspired hourly trading strategy for bitcoin reaches 605% returns since 1 April 2021. That's just over two months from now! Follow me for more unique strategies.
Two weeks ago, I covered these 5 stocks - MYX:DUFU , MYX:JHM , MYX:MI , MYX:PENTA and MYX:VS as Malaysia technology sector was on a massive rally. From the Wyckoff structure analysis perspective, majority of these stocks are still in phase D sign of strength rally with or pending a backup action before the phase E, which is a markup phase after a...
Will SLV ETF be the next GameStop (GME) to start the crazy run up as WallStreetBets prepares to unleash the World's Biggest Short Squeeze in Silver? Let's analyze SLV with price action trading strategy and volume spread analysis (with Wyckoff concept) to scrutinize the tell-tale signs before any potential big moves happen. In the end of the video, upside target...
Many people think that we could expect an up move on DXY because of short covering (40% open interest of large specs on short positions). But on the big run I see still a potential leg down to the 61.8 Fibonacci Level here
P&F Chart ATR 14 - 2 Year Bear Period of Accumulation. - We have broken the trend with a double top breakout. The chart is ATR. Regardless of scale (Traditional, 2 box or 3 box reversal, H/L or CL), they all show consistent upside.
2 year bear accumulation for XRP. Breakout at 4500 Sats. Loaded at 1732-1781 Sats. Do not sell XRP. No timeline given. Patience will be rewarded. This is not financial advice, only for my own records :-)
Find out how to project a downside target from a distribution range in a 3-minutes timeframe with Point & Figure (P&F) projection. Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 2 Dec 2020 trading session. In this video, you will find out the market recap during the last session and a trade review in the...
Netflix hit an all-time high, then corrected. It crept below the uptrend line but didn't generate a sell-signal below it. It passed back above the uptrend line but hit the resistance roof. Again, it just crept below the uptrend line but without a sell-signal, suggesting that the trendline is acting as support, albeit loose support. The price climbed above again...
I did a point and figure count for the most recent small re-accumulation phase starting on Sept 21st to determine if that phase would signal rise in price The price is currently hovering around the 10657 target and showing significant Signs of Strength, this is a good sign and signals a possible next leg up is coming
The count from the most recent accumulation phase according to the point and figure chart plotted on the price scale for a target of 12263
Happy Saturday. The scope of the TA will be limited to the 15M Intraday Chart and the 1D Chart. With that, let’s get to the TA… Looking at the 15M Intraday Chart, the formation has completed Phase A of a Wyckoff Accumulation range, establishing the Intraday trade range between $234.25 and $230.00. The formation has moved into Phase B of a Wyckoff Accumulation,...