ta96ninja

ta96ninja

Here we have combined a short/long term view of momentum via the Distance from Avg indicator. Explanation and settings noted on chart. One add'l thought not noted on chart - the "Dots" may show divergence versus price closes, and one can take this into consideration if desired.

ta96ninja

At potential support area, and dual Stos flattening and running together. This typically suggests a possible turn upcoming (of some degree). Let's see how this plays out.

ta96ninja

Just another way of looking at a fulcrum (W formation) - Current move down can go below prior low, or hold above, either will work with this pattern. Key is to reverse and break out above the "Back". Initial target is the "Tail", and with follow through, the Ext. Tail. Of course, PnF will have its own targets to add for possible confluence. :o)

ta96ninja

Having seen price fully retrace to "G", odds favor this being a 3PDH formation. Its possible we may see a rally should the potential inverted H&S materialize, but there is no time limit for the target to be reached, so this could occur at a later date. The targeting from this formation could easily be combined with other T.A. methodology as supplemental information.

ta96ninja

From Lindsay's book, the move up (and subsequent decline) of IIPR appears to meet the criteria of a 3 Peaks and Domed House formation. One critical aspect of this pattern is that the decline must fully retrace to the bottom of the Separating Decline (G). The ultimate target has no time limit to be reached (if it is to do so). This targeting could easily be...

ta96ninja

This potential "M" pattern (inverted dragon) would go a long ways in adding to the "inflation is turning around" thesis should it play out. Our initial (full) vertical target is confluent with the posited "tail" area.

ta96ninja

Combing PnF verticals with past favorite price pattern (Dragon). Suggests a move up in the 18.00 ish area.

ta96ninja

Another recent example of seeing the lower timeframe supported by the higher. These situations occur over and over again. They provide a nice way to "pick off" entry opportunities. When we see the longer term Moxie below 0, time to start looking for short opportunities on lower timeframe(s) (ie hourly, 15m). Nothing new here, just wash, rinse, repeat. 😊

ta96ninja

WTI has seen a nice move up. I've highlighted a few buys/sells along the way. We're in a confluent target area currently, and consolidating. A break could occur at any time. The move is losing momentum. I hope this provides some insights (not financial advice) :o)

ta96ninja

Tin offered several quite bullish PnF setups during its ascent, one right from the start. Vertical measures provided some insights into areas to be reached. There's always a bull market somewhere! :o) Hope this provides some insights for the PnF 'ers among us. Comments welcome. Note: not all buys/sells noted.

ta96ninja

Couldn't get 'em out the door fast enough. :o) Remember? From the first vertical measure, it was apparent that a selloff be quite a set back. While these targets are only estimates, they can provide some valuable insight into what may lie ahead. With the TL break, a 2nd measure could be done, and this one was the one to grab one's attention. Again, no...

ta96ninja

A few key measures, and several types of PnF setups.

ta96ninja

CENX has built a nice base, and appears ready to move up. (Those familiar with DeVilliers/Taylor might see this as a large fulcrum (with a smaller continuation fulcrum) following). I've highlighted a few pattern setups within this basing structure. I've included vertical measures for prospective targets. I apply the 3 times measure of the "count" column, with...

ta96ninja

These are a few vertical measures as well as channel breakout measures from data inception.

ta96ninja

PnF look at MJ. MJ is currently testing past potential support following a failed up thrust. We can still drop another point before violating the prior key low. We'll need a move to 13 to turn this thing around (at least temporarily if not longer). Work to be done. I hope you find this perspective to be of benefit.

ta96ninja

Following on from prior post, I've shown the proposed exit of prior enty, with new entry opportunity, again supported by the hlrly Moxie. Even had a nice 2nd chance entry area as well. Hope you find this beneficial.

ta96ninja

After the hourly Moxie went positive, it was time to drop to the 15min to look for a "timing" entry opportunity. I have highlighted for reference. Hope you find this to be of benefit.

ta96ninja

Yet another example of how a higher timeframe Moxie might aid smaller timeframe setups with Moxie. Its a simple example of longer term momentum supporting short term momentum based trades. Nothing magic here. Hope you find this to be beneficial.