The Red Pitchfork is a Pendulum-Fork. It grabs the biggest Swings and projects the most probable path of price, like in this chart. The Count starts at P0 and relies on the REAL Swings that I teach you guys & gals. Therefore the Bump from the green Support-Line is NOT a Up-Swing. It's just the center part of a Sine-Wave. Then P3 is created, breaking the Support...
It's a little bit overdue... The Green line is a pressure line. I expect a short-term drop. Also, see RSI. PC4TWld
Price even can not hold the Sliding-Parallel of the Center-Line. This tells me, that if it can't jump back above the CL next week, the next target is 4000. Happy Christmas §8-)
Did you made some NYSE:S too following my posts? Great. But... ...now is the time to beware of the slingshot. See, price has fallen quite nicely and we are all happy campers. Now we have to defend our short position, the ground we gained. And here's why: Although price still trades within the red down-sloping Fork, there are some signs that, soon price has...
Weeks ago I posted here and on my website, that CRYPTOCAP:BTC is charging it's "Battery" to unload. Here we have it, a nice blast to the upside. Now, beware of the FOMO! If you missed the entry, you will probably find a better entry in a couple days. Why not just take this as a confirmation that Peeps are still willing to buy it? Sure, if you are a HODLER...
If you trade with Allan Andrews Pitchforks, then you know the framework and the rules. Rule Nr. 1 says: Price reaches the CL over 80% of time. In the current context of BTCUSD, that means a huge potential on gains if entering the market now or in the near future. But of course, we can't just trade off of this rule alone. What else would give us as traders the...
In my intraday-trading, I'm pretty good to make money on a regular basis. It's a long time since I got out of control. But yesterday, I messed up twice. I was going short in a level, where I knew it was the bottom. The S&P500 intraday Chart showed clear support. And if the S&P goes north, the NQ will too in most cases. Then I did not follow my (any) plan and...
The squeeze to the upside was phenomenal! But in my view, they over-pumped it - who ever it was... The white Center-Line provided good support when price failed at the GAP/Resistance Zone. this zone is built just with the range of the GAP-Bar. After the CL support, meta reached the another temporary high at the orange CL, bounce back to the white CL again and...
TLT is currently at the Warning-Line of the white Fork. We can see how price reacts to the Center-Line. A classical retest that played out textbook like. Then the same at the BASE Line of the Action/Reaction Set. If TLT cracks the WL, then the next stop would be the Reaction line. All this is in line with the destroyed Bond Market. And that's the reason why I...
The open was outside of the L-MLH and the HAGOPIAN is playing out too. Next Target is the Center-Line, which has a roughly 80% chance to reach it. So, I let my small position ride for a early Christmas gift §8-) Peace for the wold!
Besides all the crazy news, I don't believe this company what they say. IMO they just play with the crowd and make nice gains from the News they spread via the media. That's just my opinion, and I'm maybe wrong. But what about the information we can gather from the chart? I have hidden the huge GAP so that we can focus on the last weeks and days. There is a...
OK, this is just4fun peeps....or not? §8-) Seeing OJ at the U-MLH with such a exponential run up, it is at least worth a "Shot". ...of course with managed risk and money management! Don't go crazy with this LOL. Cheers ...slurp...slurp...
The orange Fork projects the pull-back potential, which is the Center-Line. There are 3 short levels I see: 1. The primary is way up in the primary Sellers Zone. Although this would be the most profitable one, it has a caveat: Price would by then have broken the Trend Barrier (Dotted slanting Trendline). 2. The secondary Short lies the Secondary Short level,...
We dived below the Center-Line. This is the time for a short, not when it's down at the Lower Medianline Parallel. Because there are lurking Creatures you don't want to meet. My stop would be above the CL test high. Keep in mind that earnings are coming out soon. So mybe give yourself time and trade it with an Options Strategy? Gone for a swim...the water is...
Nah, not monstrous, but a drop maybe. What do we have in this chart? The up-sloping Fork projects the most probable path that price takes. So, it's up, until price is falling out of the Pitchfork. Next, the A/R or Action/Reaction lines (slight blue). All they do is measure a pullback action and project the corresponding reaction. As we see, the A/R line above...
Here we are, seeing the projection I posted on my site and here becoming reality. P4 was slightly above the Center-Line. How price is falling through it. Next Target is P5. Either the Warning-Line, or the Lower-Medianline-Parallel. In between I expect a bounce up to the Centerline. Also, keep in mind that we could get a HAGOPIAN! That means, if price is not...
Yes, I'm already short TESLA. And I want to load my boat even more. Here's why: 1. The grey up-sloping Pendulum Fork produces a big HAGOPIAN. 2. Price get's knocked on the head, every time it trades into the Sellers Zone. (Sellers are still there). 3. Red down-sloping Fork: Price got rejected at the U-MLH. That's it? Yes, that's it. If you want the very...
Oh my, I feel like a super Bear. Every Chart I see is creating a short setup. The S&P500 opened and close outside of the green L-MLH a second time. Chances that it will run up to test/retest it again are given by nature. But nobody can tell. So, I opened a small short position and I will track it closely.