Luna has broke through the frok it's been rolling inside, this is a change of behaviour, the better part is that it's clearly pullbacked to it, this is one other fork rule that if a line is valid and is broken, then it should pull-back to it and there you go we have it. Now we are stuck in an Energy Coil which seems to be forming, i expect a peak to the upside to...
Currently there are only 2 forks in play, the smaller one which captured the price and seems to have the right frequency as of now and the bigger blue one which done the same too except the blue one has already proven it's validity 2 times which makes it powerful. Currently what we expect is that the price reaches it's median line with 80% of probability which is...
The top that we marked actually worked and reversed the price okay what now? Short answer not so clear, but there are few ideas around it: as you can see the frequency seems to have changed to the pink fork which is a short term and one of my favorite types of forks, but this kinds of fork are not so valid not until we see the Median line so no trades here but we...
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...
I don't have a long term idea for ADA right now but i can give you a short term one. Here we have an expanding triangle which is forming well but haven't finished yet, we don't really expect it but it gives us a clear idea of what price might do. as we, pitchfork traders, are always looking to trade with an active slope but many of you guys might have noticed...
The actual slope of this pair is the blue fork which is the result of the analysis in daily timeframe, but for a short term aspect of the price, we have the current green fork which is for 4h timeframe, as i have seen previously, when a fork reaches to it's median line and zooms through it but never make it to the MLL (Median Line Low) and comes back up the median...
price reveres at median line with a great precision, and now have created a lower low compared to previous market structure (sign of weakness), we have 2 short setups that can occure, one is aggressive and the other one is alot safer, you can either try test/re-test strategy and get short on the next touch on the energy point for a 1 to 6 R:R or wait for the...
S&P 500 is at a 4H support and resistance zone which is also lining up with the 3rd hit to this trend line. Monitor closely for a buy if price does not break through the trend line. Happy trading!
Lots of confluence of support and resistance at approximately $8388 on 8/08 at about 12 UTC. These 'energy points', or confluence, can be a strong attraction for price action. I've been watching them for a little while, and they fascinate me.. I've seen price action do some pretty impressive stuff to hit these pitchfork points.. I am very curious to see if...
Here we have a nice example of an EP, what we look for to enter a trade. The yellow fork is a tradtional andrews and a charly delta as taught by my mentor. the purple fork is based of the UP, when extending it into the past we can observe some nice hits. The EP formed so far, gave a nice 1:4 risk reward and we will see where price takes us next.