OANDA: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...
blue fork is describing the price movement precisley and the red fork is a bearish fork which breaking its hagoppian line shows a sgnifacnt possibility for upward movement. RVN may create a big profit in 2023 ! BINANCE:RVNUSDT
As you can see, the price could not properly break the downward trend line and returned to the downward trend line again. The pitchfork is drawn by the Auto Pitchfork indicator. As long as the price cannot break its downward trend line correctly; The downward trend will remain.
As you can see, it is located at the lower edge of the fork, and if the downward trend line and the middle line of the fork are correctly broken, a buying position can be opened. The specified price can be the first target of the upward movement. Please pay attention to the word "correct failure".
NYMEX:CL1! Crude to $100 - $105 area. ML + TL + WL Energy Point in early May 2023. Fat_Fat
It seems that the recent drop was a correction, if this idea goes well, the possibility of moving towards very high prices is high.
Greetings 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...
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...
With a harmonic black swan's fluttering, BTC has broken the daily trendline (green) as the support, forming a red, bearish dragon pattern. This price action is precisely what we predicted in our previous idea . Please look at the related ideas for the further development expected to follow.
This is the sequel to my previous idea . The support line of the diagonal triangle has finally been broken. The coordinate of point (A) was erroneous, so I corrected it. TOTAL and Nen-star patterns formed. Recommended TPs unchanged (see also gray-color zones of the Fibonacci extension.) For details, please take a look at the related ideas below.
NYSE:DGX Long DGX above the breakout-line. Stop-Loss below Trigger-Line. Fat_Fat
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...
We may witness a fractal move of the daily chart as wave 4 of a potential bearish impulse. A bearish expanded flat (possibly a running flat) is expected with a bearish White Swan harmonic pattern. SL above 23300. Recommended 23350 (see the trendline right up). TP 22400-22700. I also predicted wave 2 would be an Elliott flat, which revealed it was not (it seems...
This 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....
If the struggling BTC holds on to the support and shows its final flutter, it may form an expanding, possibly running flat as wave 2 of a progressive downward wave. Such a movement may form a Deep Crab harmonic pattern. Just an idea and could be easily invalidated, but if BTC had formed a larger expanded flat on a higher level, it wouldn't be so surprising that...
Andrew Pitchfork on FX:SPX500 Andrew's Pitchfork, also known as the median line tool, is a technical analysis tool used by traders to identify potential levels of support and resistance for an asset's price. It consists of three parallel lines that are drawn based on three consecutive points in the price chart, usually a high, low, and another high (or vice...
Supports and Resistances are as shown. Seems like Rsi Divergence to happen in daily graphic. So maybe we can expect a correction. But in weekly graphic price has more battery to go. Green boxes would be the buyers zone. Would use the pitchfork lines as "take profit" zones