ScottCong

ScottCong

EURUSD hit the upper fork of Modified Schiff Pitchfork (blue) and is currently retracing. There are two scenarios: 1. The bullish one is to retrace 0.238 of the latest up leg, at the median line of blue pitchfork; 2. The bearish one is to retrace 0.618 to the cross of lower blue pitchfork and the larger red pitchfork. Either case, velocity needs to turn...

ScottCong

Gold hits the peak at the right price, right time, as shown in the circle. It has retreated to the median line of the Pitchfork. VAcc enters into oversold zone. The price could either be in a big range bound or a down leg. There are two scenarios from here: blue line represents a bullish view whist dark pink line more bearish.

ScottCong

The monthly chart shows divergence between price and VAcc. The median is likely the first target, which is also where the Bull Bear Line is heading to.

ScottCong

BTC has been consolidating above BBLine on the weekly chart. The narrowing band during the process indicates energy being stored. Now the price broke the top band with momentum. This signals the start of a bullish move. Any retracement to the center BBLine is a good place to add positions.

ScottCong

AAPL is breaking down the lower Bollinger Band. It looks like this hugging of lower band will continue until the price forms a range at least at lower timeframe to halt the momentum.