Andrew's Pitchfork
The next Pivot, here or 7k area?Hey guys, it's been a while since my last drawing chart. I've been busy with UKOIL, so I don't have much time to do BTCUSD and I don't trade BTCUSD to be honest.
As always, I'd rather not talk about LONG or SHORT, but just to share my drawing chart. Just use it as extra information if you know what I am doing here, otherwise trust your judgement.
I am also interested in learning and sharing ACTION/REACTION if y'all want to learn and share like I do.
Back to the chart, I think there is a possibility that the price will touch my middle BLUE line as it's my Centerline.
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SandP 500 E-Mini Futures 60 CME Updated 10/13/2017Price is trying again to break 2550 hard and continue upwards. We have had multiple touches here on a sliding parallel, so if we hold as support price should continue to break through and break higher. Look to a sliding parallel of the recent high to act as resistance.
EUR/CAD 15, FXCM Pitchfork AnalysisEURCAD, 15, Drawn from yesterdays Scan I had to get rid of previous forks and repostion the fork completely to draw newfound SH/SL...I know it is busy but look at the relationship of the Fib-Ret. of the last two previous moves and the movement within the Fork itself. I see a potential bounce off the Lower Parallel up to at least the 38, If it moves past previously tested resistance successfully, I think it could move through the 50 Fib and potentially get stopped at the 61.8. Quick trade testing out strategy of "New Paradigm" Fib-Forks Trading.
SandP 500 E-Mini Futures 60 CME Updated 10/12/2017Price hit the 2550 level again and is dropping, we are currently again near a loose retest of warning line 1. Look to see if price will hold here, or continue to drift back down towards 2452. Price is slowly building up momentum to try to break 2550, but every time we do, there is a push down.