cooney_s

cooney_s

Here I am showing the community how I use a Renko bar chart. Users of Trading View can draw Trendline, Pitchforks, Fib Extension etc etc then switch back to a traditional price chart and traders will have possibly reduced guesswork on where to anchor drawing tools. A perfect example of how a Renko bar trendline can simplify technical analysis is the green line...

cooney_s

Trigger for a Short would be a break of last candle low circa 8780. Initial wave of selling has concluded; Double Smoothed Stochastic fast value already broke 50 line week of August 18, typical bullish reaction ensued, slow value completed crossing of 50 week of September 22, this completed the first wave of selling a strong market. Price has broken and closed...

cooney_s

DXY still has plenty of topside target growth. Price has pierced the first (85.48) of two Bullish targets created by trend change gaps. Next target is 87.28 with a speed bump of 86.51. Fib Time series measuring the cycles shows DXY can remain bullish through to next March 27, 2015 ! This should influence several USD Major pairs throughout. Look for Divergent...

cooney_s

Please see chart notations. This is a continuation of a previously published chart. Pitchforks are drawn on trend changes marked with The Larks LMA indicator. The last LMA trend change marked allowed for the upward pitchfork to be drawn. Current price is still within the green bullish price action box but will continue to sell off and slide to the 137.45 price...

cooney_s

Even though price is bouncing off short term support of 92.00 handle and a Long Term trend line the overall trend remains bearish as late as this past June 25. Short term price could appreciate to the 0.239 Fib Extension level of 96.17. A break of price panel trend line breakout of the wedge and/or breakout of Awesome Oscillator wedge will provide further...

cooney_s

Bearish price target with Bullish price target of $1,345 (if bullish market sentiment allows). Pitchfork is highlighted with a convergence of the horizontal gap to be filled and resistance of 3.14 and 3.236 deviations from midline. Once the $1,150 handle is filled the $1,345 target could be a high probability trade if market behavior allows. If price breaks and...

cooney_s

Please see chart notations with Bullish and Bearish Targets marked. Large gaps to be filled.

cooney_s

Please see chart notations. Close of Today and Monday will be next on to do list to complete this assessment.

cooney_s

Please see chart notations. Chart displays Daily, Weekly, Monthly, Bi Monthly, Quarterly and Yearly pivots with medians. I tweaked CM Pivot Points and implemented the specific levels I prefer. Thanks Chris Moody for the original indicator, very very useful!

cooney_s

USD Yen currently sits on a critical level. Cycle analysis shows if a daily candle closes above this figure (which is very well may be pulled to the obvious Big Round Number of 103.00) it could pull violently upwards to 103.50 (next critical level for this pair) only to return the the 102.90-103.00 area just as quickly as there is not enough support for price to...

cooney_s

Please see chart notations. Due to their historical positive correlations. Keep an eye on SP-5oo. Sometimes it leads this pair and vice versa.

cooney_s

Please see chart notations. Several aspects of the E-mini to watch. Small gap to fill to the upside will be fulfilled around 1968-1970 handles. Large gap to fill to the downside would be fulfilled at 1930 handle. Price is respecting the support/resistance barriers offered by a pitchfork fan draw from the LMA swingpoints. Price is currently contending with the...

cooney_s

Please see chart notations. Current Daily price bars are contending with a pitchfork fan Midpoint line. Notations provide some things to consider before the struggle between Bulls and Bears continues.

cooney_s

Please see notations on chart. Current short term down trend appears to be price divergence opportunity for a short term buy. Daily candle closing value will lead the way on direction. Closing within Initial BUY/SELL zone will prove divergence play OR a breach and close below Initial zone will prove bearish.

cooney_s

Here I show how near term price action will breach 137.83 area and fill two Bullish Gap areas created by dominant Bears. On the contrary, if Bears still dominate price action, a short term bearish target is illustrated.

cooney_s

LMA 0.886 swing points used for Fib Time extension, Fib pitchfork and Fib Retracement tools. According to this chart, price has just surpassed the resistance of the 2.618 Fib Time extension ((change in trend emminent)). Downtrend Fib pitchfork uses the LMA swing points and the upward Fib pitchfork uses the last swing points of LMA 0.577.

cooney_s

Please see notation on price chart. Three pitchforks drawn on LMA swingpoints, not price.

cooney_s

Bitcoin displayed on a 4 hour chart with multiple support/resistance levels drawn based on trend change of LMA (0.886). Yellow are changes from the Daily chart, Blue are 4 hour. We see the obvious bounce off the 4 hour level at price $485.00, coincidentally it met with support in the fashion of a pitchfork -1.618 level. Short term we may see demand push price up...