Expecting price to make another small rally to the upper PRZ (red) If price does in fact follow the original theory which is to push to the lower support zone/PRZ (green) then a bullish gartley will be formed This is the idea based on the current structure however will watch price closely around the fair price area because price may also bounce off of this...
Harmonic posted on an earlier post and price is performing as advertised however this is just a daily view of the long term view Harmonic situated inside of a running flat Pretty basic structure here will adjust and update as necessary I will also post the supply and demand as the structure starts to subdivide some more
MA used:21 (teal); 50 (white); 100 (red) Price building a 3 wave structure to finish out the trip (w, x, y) Currently in a critical zone sitting @ an intersection of "fair" price, MA and pushing testing the trend line Expecting a push down to the high demand zone (orange) however if price breaks the trend line (red) with good momentum I'll adjust as necessary
Double top, bearish gartley and a finishing bullish gartley Price recently rejected a major zone of resistance (yellow) with heavy divergence and a flat structure on the lower TF Price momentum currently pushing down to lower support TP 1 - Set right below the demand high line (orange) at an area of strong support TP 2 - set in the zone between trend line...
Wave analysis showed potential PRZ area and I immediately spotted a harmonic I let go of the wave labeling and showed the harmonic overall It paints a better picture in my opinion Price is currently in a critical zone as you can see in the current trading range (yellow) I think it may play around in that range a little bit before it actually breaks the lower...
Expecting a 3 wave structure down to lower supply zone around 0.95809 The PRZ drawn (green) shows my first TP zone TP 1 includes fib and support zones that will create a running flat if it performs as currently advertised Expecting either a reversal or increase in activity around the zone IF price passes this zone with some momentum I will adjust as necessary...
Price just entered an area of increased demand and is showing some first signs of reversal I'm not expecting a turn around right away however upon here in the near future I will be seeking to take position in the bull market I will ride that into the second leg of the 3 way structure in between (x) and (y) ..at least thats the plan haha I will change...
Some clear structure hear as well (for now lol) I'm hoping this structure plays into a zig zag If it becomes and ABCD as well.. even better! Right now you can see in the lower level of the projected zones that price is currently in a pretty critical zone to make a transition here soon Im expecting some consolidation before price breaks the middle line and...
Pretty clear structure here We have an ABC pattern (flat) with a complex wave B which you can see is a double. (for now) With this structure you can also see how price is playing easily off of the trading range and the "fair price." Moving Forward I'm expecting price to push to our lower level support zone in between the organ and blue lines If we break our...
Original call was a zig zag price is still in play for the zig zag however we have included a nice flat to separate the impulses from one another Very nice running flat and price just reflected the PRZ and started buying with some MOMENTUM PS My broker played me out fo this trade *real tears* haha All good though! Waiting on a correction and hopefully i'll...
I haven't touched this chart except for delete an arrow and add an extreme supply line (blue) Price is playing as expected *sigh of relief* we should enjoy these times Once I dive into the lower time frames I will give more detail on movement the interior components *Original analysis posted in related links *Also my modernized version of the regression trend
Not much detail hear All fibonacci verified as you can see If price does in fact break the 100% zone around 1.33821 then it will be a good year but thats a stretch for now We'll see where price takes us First TP is set at 61.8 of the pattern however I will dig deeper into the patter to find a range a nice range There are a lot of critical support zones just by...
-Closing thoughts: Price recently rejected MA 21 & MA 50 (You can't see them because I didn't want to add to the clutter.) Price also broke past 2 critical zones: high demand zone (orange) and a very strong support zone (red.) With these recent actions in mind, on top of the current RSI view, I am expecting a correction here soon around the high demand line...
Weekly here just for sake of comparison to Daily theories Also drawn on the weekly is the old supply and demand zones that became relevant to the current structure
As my mentor taught me always view the market in more than one way. All original stats from theory 1 remain the same. Theory 2 however, consist of the current wave playing out of a triple instead of the impulse For now I will wait for the correction and take the short before I take market position I will make adjustments as price continues to develop
Pretty clear view of my theory Expecting a three wave structure going into a flat Arrows are not drawn to scale they're just there to project a three wave structure Collored lines are drawn to give a trading range, show levels of support and resistance and determine increasing levels of price supply and demand
Weekend breakdown for this weeks trades Price currently sitting in a critical zone as of right now in our lower band of support on two different time frames As of right now I'm expecting price to take another small buy rally I've marked the zone where im expecting to see a turn around in light blue Expecting to see some rejection some where in that band then...
Didn't receive the reversal I wanted however price played very well within the ranges and a beautiful rejection off the 618 Price is currently in a critical zone with two rejections off of a powerful support however I still see momentum going in the opposite direction so I'm hoping to see a buy opportunity come up soon You can see where I place the alert If...