tradingmotives

tradingmotives Updated 

This Median Line is building very good validation. Monitor ML for support & new highs while this support holds

tradingmotives Updated 

The blue median line is still building validation, but is starting to show potential support & resistance using the warning lines & upper parallel. More upside while the Median Line holds as support. The pivots used for the median line are potentially Minor Wave 1 and 2 of an impulse & the fact that price has broken up through the upper parallel is consistent with...

tradingmotives Updated 

The blue Median Line has very good validation and I am monitoring price relative to the outer warning lines and sliding parallels. Monitor if Bulls can break > red Sliding Parallel (SH).

tradingmotives Updated 

The median line and warning lines have reasonable validation using a modified Schiff. A normal median line also fits very well. The blue zone coincides with warning lines and Fibonacci retracement levels 0.382 & 0.5. If support holds in blue zone, I will establish a new median line on the new pivot to monitor projection & risk looking for new highs

tradingmotives Updated 

A clear corrective structure has completed within the red Median Line. Now using a tentative blue Modified Schiff to monitor potential new uptrend. This also has the potential to morph into a more complex corrective structure like a triangle, or combination, but the blue zone & blue Median Line will give guidance with important support on the lower parallel. If...

tradingmotives Updated 

KEY appears to have completed a classical rectangle continuation pattern. If this is valid, monitor support at 19.1 and T 22.50

tradingmotives Updated 

60 min Bulls monitor blue zone support and next T 571

tradingmotives Updated 

This median line has strong validation. Next price projection target 671 while green sliding parallel holds as support. If green SH fails, monitor upper parallel for support.

tradingmotives Updated 

Bulls need to break > quartile & find support on it, otherwise more correction

tradingmotives Updated 

Nice reaction to lower parallel during volatility

tradingmotives Updated 

Note the resistance at the red sliding parallel drawn at the quartile. Price has reacted to the Median Line, but deeper correction if this fails.

tradingmotives

This Median Line is building validation. Note how the median line is acting as support, but the quartile is resistance. Corrections present opportunities, but prudent to let it play out before deciding to enter the market with new positions. a 50% retracement (10000 approx) is a potential zone to watch if the ML support fails.

tradingmotives Updated 

A correction is unfolding after a strong thrust from an earlier triangle. The current correction could morph into a number of different forms including a combination, or ascending triangle. Monitor support shown adjacent to pink line.

tradingmotives Updated 

The red Median Line has been applied to monitor a correction. The final pattern could morph into something more complex, but monitor the upper Median Line Parallel for resistance.

tradingmotives Updated 

Using red Median Line to monitor correction unfolding. The ML will help to determine when the correction has ended.

tradingmotives Updated 

Nice validation of the blue Median Line. The lower end of the blue zone also coincides with a 50% retracement of the previous swing (P2 to P3)

tradingmotives

Monitor red Median Line for support & resistance. Bulls need to break > upper Median Line Parallel after correction completes

tradingmotives Updated 

Price has reacted to the median line. If the correction is complete and this support holds, look for new highs. The ML is important support and if Bulls continue to drive price, then the upper parallel should be breached. I will apply a new ML when pivot p4 is confirmed (the current retest on the ML)