Get started

Andrew's Pitchfork

AMC - The Next Moonshot? I stalk it.Beginning from the left, we see where price broke out, where many made and lost millions. From there on, price went down with huge up-swings in between. What's that orange inside pitchfork? This pitchfork gives us a kind of a Swing-Frequency. What does this mean? Well, it's nothing more then a measurement of this stocks swing volatility. Furthermore it combines time, by measure and projecting the slope. As we see, the slope is slightly pointing upwards. In short, these lines show where we have highly potential support & resistance.. And there is the yellow Channel, the boundary where price trades within. The Stochastic shows, where we have a hint for a potential move to the upside. We can combine this with the overall analysis and with price action. Lastly we have the red pressure-cooker line on the most right part of the chart. This pressure line indicates that price is really squeezed down, waiting for a pop through it. To me, a potential trade could be a breakout through the pressure-cooker line. The problem here is, that for now, nothing indicates that it will happen soon. Even the indicator is not fully oversold yet, so it could break above it's signal line. I'm waiting for a clear signal. Just something, that makes me scratching my head or catches my eyes attention. Observation Hat ON. #amcquickie
NYSE:AMCLong
by Tr8dingN3rd
LINK - What can happen to it?As a long term view, i cannot say with high probability what's going on but there is a energy point in view and a triangle created in between that area that can be a price target, there's no clear area of support or resistant in that area that fits perfectly but the best shot would be 19.522 since it's a valid swing high and must be broken if we want to see higher prices in future. The swing has created an energy point too but not as valid as the next one since it has confluence with other pivots on the chart as well two bigger picture forks which one of them is a strong valid one and the other one isn't confirmed yet BUT we use it as confluence not for trade to summerize, we can watch for 20.800 which is a round number too, to get short OR use it as a take profit target. Have nice day Ask me any questions you might have
by AmirRX
ETH - long ideaPrevious strategy worked fine and we closed the trade with profit, now we have another strategy for steep markets. it's more simple but it again uses hagopian's rule as the main idea of it when you see a Drop base Drop or a Rally base Ralley structure, you can use the start point ot the move as A point, the first low as the B point and the highest high as the C point, then if the fork failed and the hagopian's line is broken, you can trade to pivot C and even A if you can manage your position. here we still wating for the break of the hagopian's line which is the sloped green line, it's a scalping trade so make sure your stop is tight and below a valid market structure, we mostly likley want to enter on a pullback to hagopian's line and not just breakout since the timeframe bares a lot of false breakouts (like one we saw in the last analysis). The pink line is a key swing high and a flipped resistant zone ( which is support now ) which if breaks we can expect the price to fall even more. i'll keep you posted, ask me any question you have or any pair you wish me to look at thanks for your attention
Long
by AmirRX
Front Curve Crude Light Volatility: Mar'22/Apr'22Upside vs Downside interchangeably for short or long risk exposure at current flat front CL1! price. The IV stands at 73%, which is more conservative than the highlighted risk profile. Not a tradable setup; just for reference timeframes when looking for a bias. The median line, from which the % change is measured, is derived by using the Inside Pitchfork tool; it is the least inclined from Pitchfork tools, provides a less aggressive slope for the long term outlook.
NYMEX:CLK2022
by Zoen_Trieste