Found something to pump in next weeks news obviously. The pattern of first fractal or consecutive fractal after a red vertical on this chart appears to have reached the end of a life cycle.
Didn't have to produce this prediction but thought just for fun. Taking a guess on timing when leg down may end, and that we've seen high. Also took volatility of the 14th September as 23.6% key to the next Fib downturn. Added some more Fibs too using a different measure. If it's going to try for a second fractal high will it reach bull territory instead ? Are...
Just for fun.
This is the longest it's ever taken from a red vertical to form a fractal high or low in recent times. Is it because market getting ready for a different kind of drop or is something changing that again is going to change the pattern of recent times. It happened already once on 15th August when fractal high mist its target of the light blue Bollinger Band setting...
Close up version of my previous post. See previous post if necessary for construction details.
Bitcoin developing single or double fractal and then its "bombs away" Note my MACD settings:- Only used signal line Fast Length 6 Slow Length 13 Source: Close Signal Smoothing 31 Note my Bollinger Bands setting:- Leave out basis and upper Set to length 20; Source Low; and STD Dev 0.001
If chart not showing due to tech fault right click right side and left click Re-set price scale to adjust. Notice when signal line falls below zero (red vertical) first fractal made has been key to where market heading. Careful though because sometimes has made consecutive fractal lows and could do consecutive fractal highs as well. Next note the Fib levels of...
Whenever my signal line has been above zero and turned down (horizontal line in yellow) since Dec 2017 the market has never risen back above the high of the red candlestick. See what happened next. I guess it would mean a lot to bulls if it did. The day has not ended but I'm assuming it more than likely the signal line will end its first day down since it went...
My last posted chart on this subject was July 29 Will the next yellow arrow move be down another leg (continuation) ? Do we have to wait for the signal line to turn up first (will create a vertical red line when it does). You'll notice that since my last posting I've added a purple volatility box prior to the day of the signal line turning negative (purple...
This is a bear trap update. I've added volatility boxes of relevant consecutive fractal lows. I left out the one from 1 April to 6 April as timewise it did not appear relevant to my study at this point in time. As mentioned in my previous post, the idea has worked three times in 2018. Don't ask me why. Currently the Bollinger Band is registering circa $6,716...
This is a new update. I've now added all the volatility boxes of consecutive Williams fractal lows (blue box) and highs (pink box) to the chart. For the last pink box, the two consecutive Williams fractal highs have not confirmed yet - will remove it if result turns out different. My reason for adding more to the chart is because it can't be ignored that...
Unorthodox analysis. Here's how it works. For the signal line mark all days goes above zero in green and below zero in red. When above zero days reversing up in tan and down in yellow. When below zero days reversing up in light blue and down in purple. Next for each coloured vertical on the chart mark out the first Williams fractal volatility box to the day...
The idea has worked three times in 2018. Don't ask me why. Currently the Bollinger Band is registering $6,884 for the next Williams Fractal high. I expect it will change in tandem with whatever the future price is as it approaches its target. Will the success of the idea repeat? Make sure the Bollinger remains within range of the previous three targets otherwise...
This is a bear trap update. In my last post I added volatility boxes of relevant consecutive fractal lows. I left out the one from 1 April to 6 April as time wise it did not appear relevant to my study at this point in time. In the signal line of the MACD (brown) I have kept track not only of when it turns above and below zero but also all the turning points in...
My current interest in this chart (and there are many) is trading the set up of an arrow and volation of its preceeding Williams Fractal (note that violation occurs when weekly close violates the wick - works best that way, and I've marked such areas out with a black square background and yellow border). I've provided a key to all the charts components below. This...
I've boxed up all the voatilities of all the consecutive lows ending with round numbers with purple boders and white background. I've joined up all the consecutive highs with round numbers using yellow lines. Hope there are no errors. First thing you'll notice is that the market isn't so manipulated anymore hence fewer consecutive round number days - just my...
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