Civic showing healthy movement "update"
Updated
CVC showing short term Cycles refer to Red/Green triangles as current cycles
As well as a massive harmonic pattern forming
CVC aiming to retrace last highs of ~13 Cents
Ive Been accumulating at the ~ 5 cent zone for some time now
Long position has been put in for me
Could definitely see Civic moving lower to form Inverse HS before that ever happens though.
Old chart in link attached at the bottom of this chart in the "Related ideas".
As well as a massive harmonic pattern forming
CVC aiming to retrace last highs of ~13 Cents
Ive Been accumulating at the ~ 5 cent zone for some time now
Long position has been put in for me
Could definitely see Civic moving lower to form Inverse HS before that ever happens though.
Old chart in link attached at the bottom of this chart in the "Related ideas".
Note
Refer to base post below as your guide to understanding my chartStolen from my XRP Chart explanation so data "color scheme" is different.
Read as follows:
White Pitchfork channels= Green Pitchfork channels
("White=Green" from text to chart respectively)
Black Pitchfork channels= Blue Pitchfork channels
("Black=Blue" from text to chart respectively)
Rules to this chart as follows:
Black and white channels don't quite act as opposites, do to multiple channels run over each other.
Upwards movement:
Continue in white PF channel until coming into contact with Black PF channel (Bullish move could push you through current black channel and in to the corresponding White channel above it)
Black channel is a resistance point so ANY deviation into this zone will most likely push you all the way through (you wont see much consolidation in these zones).
Downward movement:
In white channels continue down until hitting either a Black channel or a bullish wave (The deciding factor if you will pass through the corresponding Black channel depends on the amount of PF channels you are away from baseline.
Black channels Can act as strong supports in these zones if:
A) The next corresponding White channel downward is not "Touching" closely enough, forming as roughly triangle shapes (if you get caught in one of these black triangles it will be a deep consolidation and will find a high or low based on which type of cycle we are currently in).
B) a tight squeeze has occurred Which can happen inside or outside the black channel.
"The cycle times are the most important as it tells you where you are at in terms of growth (Breaking into upper channel)
And Consolidation ( Traveling up and down in a white channel."
Not on chart Will update in future, additionally:
Refer to Black Zones as strong resistance lines from past PF Channels
If you in turn have a conglomerate of Black PF channels intersecting at points on the chart there will most likely bounce off them
(unless closer TA tells you you are going to find newer Highs, "cup and handle", "Inverse HS", "FOMO" into on of the corresponding White PF Channels above.
More TA is always needed this is just the base overview of its current trend.
I hope this helps, im trying to explain my thought process as best as i can, but i was never good at showing my work
i was always to busy getting results.
Note
Could rejoin ABCD triangle instead of forming the Inverse HS pattern.If we dont find a bounce at the ~.041 cent mark down to ~ .027 cents area.
~.027 Mark new target if .041 is broken downward
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