Idea is based on median line analysis and basic support/resistance. Information is on the chart. Good luck
DISCLAIMER: This strategy has been developed solely by myself, any resemblance to what ever system out there will be a mere coincidence. Guys I am sharing this strategy with you (developed last night after recognizing the repetitive patterns on the stochs) and don't want any thing in return expect recognition. IF it proves to be useful in the future please do...
Idea is based on median line analysis, Elliot wave theory and Fibonacci ratio's. The rationale behind this setup is shown on the chart along with specific targets and stop loss. Good luck
Idea is based on on a combination of median line analysis, basic support and resistance and the use of Bollinger bands. The targets and stop are mentioned on the chart. Trade at own risk please. Haven't been publishing or trading that much guys, life can be quite a hitter sometimes, but I am back! and looking forward to interact with all of you. Cheers Hamza
I suspect a quick retrace probably overnight followed by a bounce early next week for next attempt at new high, however to reach 214 would require momentum plus serious buying power as there is a lot of resistance at 213+ So very short term bearish
This should be read in connection with Saturdays gap analysis chart. Trend breaks move to test 207.60 range at bottom of blue Fibonacci band. Note pitchforks drawn using co-ord entry of high and low prices for accuracy - not arbitrary placed trend lines
Trend since 2012 - Orange central line aka Median price, It has been tested several times but only broken on downside 4 times followed by a rapid rip up. The median line exerts an attractive 'force' from above and below This is an example of a Schiff Pitchfork, unlike ordinary trend lines its positioning is not arbitrary Note position October 2014 was...
This is SPY plotted in monthly bars since 1994 to 2022. I have used a Schiff Pitchfork for Median line analysis. All prices should oscillate around median price until trend breaks. The current trend has held since 2010 and prices have been arcing away from median since. However, rate of growth is slowing and could turn negative in next couple of years....
This is my first Andrew's Pitchfork Trade so hopefully I've mapped it out correctly. Anyone else familiar with these feel free to chime in on the analysis. Price held with our central median line quite well before breaking for the boarder. A parallel channel was drawn from the first decisive candle out side the fork, and our future entry was established at...
After an A/1 impulsive wave, EURGBP is in a corrective wave. This correction is a triple combination pattern WXYXZ. So I expect soon a new impulsive wave up B/2. My chart shows the actual channel where the price are moving. A break of this channel and a new high (> 0.78300) would confirm this point of view and give an interesting long.
I've been stalking longs in USDCAD for months now. It takes patience to find entries. As long as major swing lows are not taken out, then everything is is basically just a complicated pullback. Canada spent most of November pulling back to its lower median parallel. A news release caused the final weak hands to get shaken out. I was happy with the way price...
Canada cleared the highs from earlier in the year and continues to follow a nice rolling chop style channel upwards. Pull backs are orderly and have nice frequency as you can see from the small downsloping fork with warning lines. One more pull back to retest the multi-pivot support resistance area around 1.1220-.1.1275 would be a great opportunity to buy.
This month's price action in the DXY has been extremely strong. It's hard to appreciate it from this chart, but there has been bull day after bull day recently. Should the financial crisis highs of 2009 be taken out this time, we will have a very interesting setup for a strong multi year move up in the dollar. The coiling price action since 2008 could provide...
Please see at previous Analyze: PITCHFORK ANALYZE OF GOLD (1) and (2) Gold touch the bottom line of triangle. Break out or Reversal? maybe break or maybe reversal....
I don't see a trade here that I like, but I thought the chart was worth sharing. Aussy melted down swiftly after breaking its old range. Price often doubles the range after a strong breakout. My gut feeling is there is more downside, but I think price needs to coil a bit and store up some more energy to fall more. We'll keep an eye on it for a great trade with...
I wanted to share this trade idea because its a great example of how to manage your trades once the market moves in your favor. Notice that since I got in a big hurry to get in this trade, my entry, while decent, could have been much better. If I had just waited a few more days with a nice limit order sitting on the red sliding parallel, then I would have had...
USO has broken it's uptrend a few weeks back, and since has been heading violently lower with no signs of stopping, at least not yet. Not in my eyes. I had a plethora of converging indications, so I've marked them in the chart A - F, and then explained my trade setup. Good luck. A) RSI has broken above the 35 level, but this is likely because it bounced a bit...