mr.dmizer

mr.dmizer

MATIC may still be overpriced and needs a bigger correction before the heavy buyers step in. In my attempt to gauge the size of that correction I have concluded that the price may drop to around 0.17 USD. Please note that this is weekly, logarithmic chart.

mr.dmizer

As money seems to trickle into crypto again, perhaps backed by fears caused by Silicon Valley Bank collapse, I am looking for a short-term upside potential and MPS presents such an opportunity: In June of 2022 the MPS did return to the major support level of 4 USD (yellow line) and bounced In July of 2022 it broke out of it's downward trend (red line) and...

mr.dmizer Updated 

This is an attempt to use Andrews A/R techniques (reverse pitchforks or median lines) with a horizontal structural stop. The next green parallel is used as a runaway target.

mr.dmizer Updated 

It appears to me that the Hagopian rule is about to play out and we are getting a chance to enter this trade with a very small stop. The Hagopian rule This rule is invoked once a confirmed pitchfork breaks without the price ever reaching the median line, what should follow is a bigger movement in the opposite direction.

mr.dmizer

Least expected now when U.S. indices are higher than ever? What if the new highs are merely a false breakout? I know this is not my first idea of this market, but I get new ideas as I learn.

mr.dmizer Updated 

I was bearish, but I must admit...the bulls have it. SPX has broken out of the range that it created in 2015 and has the potential to double it. Trend-wise we are in a trend inside a trend, inside another trend and all of them are pointing up. In other words the movement will be straight and rapid, but also terminal. At the top of the range the bulls will quickly...

mr.dmizer Updated 

I have discovered a very simple and surprisingly effective way to construct pitchforks based on Hull MA (100), in all of the similar cases a sliding parallel near the middle line has worked as a high-probability target. Should price move so rapidly that it penetrates thru the middle line you can expect target #2 to be reached, however it is more common for price...

mr.dmizer Updated 

Reasons for action: 1) Pitchfork lines commonly act as support/resistance. 2) Above 10 114 begins a selling zone. 3) Price has yet to re-test the middle line of the down-sloping pitchfork. 4) We are still inside of a working down-sloping pitchfork and as the price rises, so does the probability of bearish mood.

mr.dmizer

Seems to me that bulls were a bit hasty first time we tested the buying zone and not everybody had a chance to get in. This can of course be viewed as a presence of strong bullish mood by those who are willing to long below 5 990.

mr.dmizer Updated 

I believe that DAX will hit critical buyers somewhere between 6 and 5 k, so there is a good way left. However we are now extending past the latest swing low, this movement cannot continue forever and should be exhausted by the time we reach 8 200s. In other words we may expect a surge back to 10 100s, where DAX should find more powerful sellers before it gets...

mr.dmizer Updated 

After a false breakout, followed by an acceleration to the downside, we briefly found ourselves visiting the red area (50 %) of the fib retracement. Essentially I took it as a clear sign of a dying bullish trend, but just like in every classic case we now made it back to the yellow area (23,6 %) before continuing to fall. The fall itself I expect will begin shortly.