Wyckoff Breakout & Markup (day chart theory)Lets assume there are composite operators in the bitcoin space.
We had a spring at $6763 - check
We had a accumulation range - check
We had a breakout - check
RSI + MFI need momentum reset - which indicate that a throwback could potentially happen. But a pull back to reset the momentum will happen.
Composite
IHSG Review - 27 Mar 2018IHSG hari ini terlihat masih tertekan, walaupun Index US naik cukup kencang semalam, namun tidak mampu memberi sentimen positif bagi IHSG.
Dari gambar dibawah, level support yg kuat ada di area 6000-6100, dan saat ini IHSG kembali mencoba naik tapi dari perkembangan terakhir selama 1 sesi ini terlihat tidak kuat.
Saya sarankan untuk kita sementara wait and see, dan melihat perkembangan selanjutnya.
Belum ada saham-saham yang cukup baik menurut saya utk bisa dibeli.
Week 10. Ok, take a breath and read on.So, here we are for another crazy chart.
Week 10, next week is under the spotlight.
All this mess you see in the chart is to say that next week Nasdaq Comp will hit point labelled "I" first, then point "L".
Of course, this is only a mere idea. The market may unfold in a totally different way.
The basic underlying idea is that we are in a bear market. Without a bit of foundamental analysis,
drawing trendlines on a chart is like reading coffe cups bottoms LOL, a total waste of time.
So, far this chart says nothing. It looks only like a mess (which may likely be, LOL)
It needs explanations, which I'll give later today.
Please note that this idea doesn't really contradict my previous ideas.
Markets proceed, and so do my ideas.
Said that, have a nice day.
Huge bull trap comingCoincidence?
I am expecting a cross of SMA until we experience another dip like the examples are showing.
At this moment a bull trap will take place. Many will think Bitcoin would make an inverse head and shoulders or it would be the golden cross.
For many, this will be a hard hit on the face.
Take care and do not get too greedy. In a bear market, something bad can happen very quickly.
But remember: You will always get new entry or exit options.
Bottom of handle is forming before this monster breaks outChinese e-commerce is growing rapidly while half of China is still not connected to the online world. BABA and SoftBank own significant stakes in Baozun which is worth less than $2bn now. In my opinion, $40 will soon be broken and this will reach new highs. Here, you could see a nice cup and handle pattern. I expect market-wide selloff to halt starting next week which should give BZUN a nice boost. We're also currently sitting at the .5 fib retracement level.
SHANGHAI COMPOSITECHINESE INDEX broke strong support zone (38.2% lvl fibo) and go to the 50% lvl. Working with fibonacci levels
Shanghai CompositeAfter check some technical analysis and comparing it with the VIX index I can conclude that Shanghai Index hasn't sink yet.
The VIX index is pretty low compared to 2008/2009 levels but it's starting to fly again.
About it's chart we can see two possible situations. Seems like Shanghai Composite is following 2 main channels.
I recommend to take a position after the breakout of any of this channels.
Also we could think the bullish channel is just a dead cat bounce, this could be true if it tries to fill the gap at 3240.
So I conclude Shanghai Composite could keep going down if breaks the bullish channel making other index correct.
Regards.
No halt of chinese stock market plunge"In an attempt to halt the slide, China has arranged a curb on new share issues and orchestrated brokerages and fund managers to buy massive amounts of stocks, helped by China’s state-backed margin finance company, which in turn has a direct line of liquidity from the central bank." -The Guardian
A composite view of Yet Crosses - SHORTComposite Yen crosses provide an interesting way to look at the unfolding Yen scenario.
I'm applying my own ARS Gann Lines here along with fib-circles for timing and a fan for slope...
The Gann -45deg ( dashed yellow ) and -90 deg lines ( dashed red) provide targeting guidance for major moves to come.
The equations use square root values plus or minus the required angles. Any angle can be calculated, but the cardinal angles have the strongest influence, so I use 45,90,135,180...
Each line is calculated as: Y = ^2 Once scaled for the instrument it shows related ratios of the seed value. The harmonic range of the seed value is plotted for each angle, 8 above and 8 below the seed value.
Zoom out on this chart to see how it fits this composite instrument.
Additionally the TV Elliott Wave tool shows a complete 5 wave move to the upside and Fib analysis shows the present high is 3 X wave 1. And the current top is also a prime number!
Whoa.
Will you Short the Yen next week?
NYSE COMPOSITE INDEX POSSIBLE CORRECTIONIf you look at previous run up you can observe that it begins around 2003 with a no clear trend, but in the following years it tooks the shape of a rising wedge. The trendlines of this pattern expande, with both trendlines slanted in an upward direction. As the strength of the buyers weakens (exhibited by their inability to take the price higher), the sellers start to gain momentum. The pattern is complete, with the sellers taking control of the security, when the price falls below the supporting trendline. Normally this pattern resolves at the base of the rising wedge, and also in this case the solution is that. A new inversion phase happens at the base taking the shape of a reverse head and shoulders pattern. Now the story is repeating itself. We are in an upward move with a rising wedge. Again, the price movement is bounded by the two converging trendlines. As the price moves towards the apex of the pattern, momentum is weakening. A move below the lower support would be viewed by traders as a reversal in the upward trend. I think that we have still room for the uptrend for about 1 year, but at some point ( it could be the 1.61 fib extension) the pattern will begin his correction, pointing as usual at the base of the rising wedge. An uptrend can't last forever, so this is my general point of view standing at the analysis of similiar moves in this index. Good luck to all the investors.
La Belle Epoque Nya est peut d'etre finiSeveral patterns are in play in NYA composite
The last 6 month NYA has made several harmonic patterns as shown on the chart (See chart below). The latest is a 5-0 pattern and a ABCD in spe. That should bring a price target of 10120
Last week price created an island reversal
For the time being I see price action has made a possible harmonic ABC move (not EW) with a possible D move in the cards.
That will bring price action to a gap support area completing a harmonic ABCD.
With this move price action will define a possible neckline and a bounce area around 10440 for a right shoulder in a possible SHS.
How high will price bounce? It will depend of conviction. I have placed a fib to shown normal areas. If bounce will as high as left shoulder then price will make a 61.8 retrace....remember this is if and if... so hard to tell.
The SHS - should neckline break - has a target that approx correspond with the 5-0 pattern. around 10160 at a 61.8 retrace of February low and the top in May
As always... time will show!
Safe trading Ladies and Gents!
BM
MUSIC AT WORK:
open.spotify.com
www.youtube.com
Shoulder to shoulder - possible SHS in Nasdaq CompositeA SHS formation in the Nasdaq Composite with a well defined neckline.
Measured target 3600 where structural support is found in the middle of 2 gaps....
(One being closed - the other to hold as gap support)?
Daily RSI at 48,.53
Neckline has to break first!!!
Safe trading ladies and gents!
BM
Music at work:
open.spotify.com
www.youtube.com
Shoulder to shoulder - possible shs in NasdaqA SHS formation in the Nasdaq Composite with a well defined neckline.
Measured target 3600 where structural support is found in the middle of 2 gaps....
(One being closed - the other to hold as gap support)?
Daily RSI at 48,.53
Neckline has to break first!!!
Safe trading ladies and gents!
BM
Music at work:
open.spotify.com
www.youtube.com