Get started

Pitchforks

MPS to visit 28 USD/shareAs 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 begun drifting sideways No sideway-movement may continue forever as it is storing up energy for a potentialy sharp release There is no way to go down and thus I am expecting MPS to reach the median line of the pitchfork (approx. 28 USD) At the moment of this analysis we are beginning to drift outside of the potential pitchfork and that will mess up the probability if it continues for a few more days, however I believe that a delay in price action is only caused by poor liquidity and difficulty to obtain the Mt Pelerin shares.
MLong
by mr.dmizer
325 SPYAMEX:SPY SPY has broke under the yellow trigger-line, from the previous confirmed Pitchfork. I have been waiting for this confirmation before entering a new short position. Plotting a new Fork from the most recent Hi-Lo-Hi pivots, we see that the upper parallel has been retested and has also held price. (Red Fork) SPY has a 70-80% chance to reach the latest Median Line. (Red Fork) I approximated a target on the Red ML using a trendline from previous low pivots. Target = SPY 325. Target Date = May 10th, 2023 Short SPY. Fat_Fat
AMEX:SPYShort
by Cousin_Fat_Fat
5
USD/CAD Scouting a Long EntryOANDA:USDCAD USD/CAD putting in a double bottom off the Red Modified Schiff ML after breaking out above the Yellow Andrews ML. Multiple MLs pointing to a run towards the upper parallel, @ approximately 1.4650 (screenshots below) I am not long yet, but I plan on either longing a break above the previous peak at ~1.3705 or attempting to get a better entry if price returns back to the ML for another retest. Stay tuned, will update when/if I make a move. Fat_Fat
Long
by Cousin_Fat_Fat
1
TIME vs PRICE is GEOMETRY... RISK ONGreetings Traders Here we have the SPX chart with an Andrews Pitchfork off the three most recent monthly pivots, up to the ATH We also have a fib retracement I have scaled the chart We can see price is currently consolidating after having completed a 50% retracement from the ath. Time has been squared with price for the duration of the move. We are currently finding support on the 0.382 retracement and attempting to break up from the Gann Fan But moreover, there is huge support from the GEOMETRIC MEDIAN I am personally long risk with a target of 5k spx PLEASE NOTE THIS IDEA IS FOR EDUCATION ON THE PRINCIPLES OF MARKET GEOMETRY AND IS NOT A TRADE RECOMMENDATION
FOREXCOM:SPX500Long
by TIME_versus_PRICE_is_GEOMETRY
Potential Black swan would summon a dragon BTC has been rejected at the apparent resistance of the 25200 zone. Gann Square, as applied, also implies that the buy-side liquidity above is hard to reach. Moreover, a harmonic black swan pattern (black) has formed, which would trigger another potential bearish harmonic pattern - a dragon (red). The bearish dragon's target would be 0.618 (20104) -0.786 (19001). However, given the Gann Square Arc's support, 0.618 or shallower is likely for the initial move.
INDEX:BTCUSDShort
by jackrabbitrage
2
Update: BTC Scalping short trading opportunity This is a sequel to my previous idea . The diagonal triangle's unexpected, extended wave 5 (possibly an expanding diagonal) morphed the bearish white swan into a bearish anti-butterfly. The basic strategy stays the same, but the basis for calculus would be slightly different. Target is unchanged anyway. If this breakout forms wave 5 of the impulse, a drop to the 22400 zone or below is likely, but some reversal is expected at FE 1.618 (23051), 2(22999), and 2.618 (22905), at each of which the price crosses a pitchfork's channel line. This running flat scenario is invalidated above the high of A (23217), but another bearish scenario will likely develop under an expanded flat.
INDEX:BTCUSDShort
by jackrabbitrage
Pitchfork has been applied to the current price movement of BTCThis Pitchfork's performance in response to BTC's recent price movement suggests that it is a valuable tool for traders and investors. By providing reliable predictions of potential support and resistance levels, Pitchfork can help users make better-informed decisions about when to enter or exit the market, ultimately improving their chances of success. Disclosure: It is important to note that the analysis presented here is for informational purposes only and should not be construed as financial advice. The cryptocurrency market is highly volatile and unpredictable, and any investment decisions should be made after conducting thorough research and consulting with a financial advisor.
by cryptx