$ALB finding support on the current trends linear regression mean as well as on the Fib 23.6 level. Looking for breakout confirmation with solid daily close roughly above $166.50, as it may fall and retest mean going into earnings. RSI moving just above 50 and would like to see movement above 55 with breakout of 61.8. Watching for support at about $161, with...
ARKK price sitting a +3 standard deviations above identified linear regression mean with a potential RSI divergence identified signaling a possible pullback or correction to levels of support. Linear regression analysis ARKK's current bull trend beginning on MAR 18 2020 has been well identified A linear regression trend pulled to current date gives a...
Analysis: Utilized Daily indications all looking for confirmation. Remaining Neutral. The next 24 Hours will be telling. BTC is sitting at a rather neutral region as I covered in my recent stream, I am looking for price action to confirm a direction. While I currently have a slightly bearish bias due to the negative directional index (-DI) holding slightly...
Sorry for the convoluted chart, but I wanted to complete this study utilizing accepted fibonacci levels as linear regression standard deviation levels. If you manually adjust the periodicity of the chart, you can see that these levels are very well respected over time. A 1 hour chart to fine tune to the highest Pearson's R level; however, as linear regression...
Sorry yet again for the convoluted chart, but I wanted to complete this study utilizing accepted fibonacci levels as linear regression standard deviation levels. If you manually adjust the periodicity of the chart, you can see that these levels are very well respected over time. The highest Pearson's R level's were identified for regression analysis; however, as...
Tools: Multiple Fib extension/retracement confluence zones Linear regression channel Historical support/resistance levels
Large symmetrical triangle (points ABCD), with a smaller triangle within it (in white). Fibonacci extension pulled from triangle points ABC. The bottom side of white triangle (Yellow solid ascending line) is the historical linear regression mean adjusted to highest Pearson's R value. PA moved very close to this recently, but i'm not convinced that it will not...
Riding 50 week linear regression mean while squeezing toward the end of current wedge. Fib levels ATH/Local Low. Expect movement. Support: Non-linear regression (labeled), 61.8%, and lower bound standard deviation -1. Resistance: ~$10.8, $11.5
OBV testing trend line. RSI moving into oversold levels and primed for reversal from the looks of StochRSI (Not shown). Using the Fib fan beginning on where I believe the bull run began in 2015, PA appears to be testing .786 fib fan retracement level, while OBV, RSI and Stoch RSI all seemed to be primed for reversal. Confirmations: 1. OBV bounce and...
The 2018 end of year close of $3,279.50 was based on 23.6% fib retracement using 2012 beginning of year candle close as low, to 2017 end of year close as high. This is not a firm prediction of actual 2018 close, but used as possible low if PA continues downward. This chart was simply to illustrate an assumed investment potential using the 6 year average price...
BTC is currently testing the 5700-5750 range. This is historically a strong support. If it breaks below this, there is another strong support area at 5500. However, if we get there we're already in trouble because anything below ~6000 is not cost effective to mine. If we break an close below 5500. Well...... lets hope it won't get there. For the highlighted...
Created as per request. No suggestion as to movement as there is not a lot of historical data.
I know it's ugly. This is for me, not you. I spent way too long staring at this chart.
As usual, coffee, work procrastination and obsession has developed this chart. Want more explanation? Comment and I'd be happy to start babbling.
Short term analysis of WTC. Made using a cluttered chart, lots of coffee and hyper-focus. Look to pick up more at 4490-4500 range