Beautiful Inverse head and shoulders how people draw necklines is more Art than science I draw mine like this Log tgt projects to old highs So I must be right! lol I jest kinda .. lol You got Eth classic Now you got ETH not so classic, for this bull market to enjoy as well ... which in speculative terms should do better , just because it hasn't been...
Chip maker Taiwan Semiconductor Manufacturing Company Ltd. may benefit from ChatGPT. Their scope is international and they manufacture 95% of small chips. Targets: confluence of 2 forks, VAH and fib 0.618 SL idea: $86 is below the intersection of the 2 forks medians and below a 4hr fractal
My fork is almost 2 years old. It's been a good fork. But let's not get too attached to it. In the words of Howard Day, "Even the best fall down sometimes".
Conformations: 1.) Teacup entry or break and retest 2.) Lazy Money 3.) Fork Touch ***On the daily this pair is on a downtrend. (looking for a short opportunity)
Here are a lot of lines cooking. According to the A/R Set (dashed blue), the time seems ripe for a turn to the south, indicated by the yellow down sloping Fork. In it's way to the yellow Centerline are a couple of natural support lines, like the orange A/R-Centerline, creating a confluence with the pink Trendline. A break of this dashed orange CL' would...
We have a critical burble point can lead the price to all time high again. Regards, Mohsen
ZCL has bounced from its decline to back in the uptrend. It should follow this trend in an Elliot wave formation on the way up. We should see larger increases if Bittrex announce support for the fork, which in turn may break the trend line and go on a RUN !! However, for now ZCL seems to be solid and climbing.
The upside parallel and downside median line forks crossing, making support and finding resistance . . .
Action/Reaction lines seem to catch the frequency of crude. Also, price stoped dead at the WL1. How ever - it's probably too early to think of a trade. Observation hat on... P! If you like these Forks, why not dive into it with my free ForkTrading BLUEPRINT. See Footer...
Apple found its balance. We see that the drop stopped at the Centerline, a price target which was expected. I elaborated about it in the Weekly Outlook on my website. From here a further drop must be confirmed by a close below the Centerrline. A sharp rise would not impress me, since there where multiple attempts to reach the U-MLH. P!
1. Forks 2. Action/Reaction 3. Support/Resistance 4. Frequency Learn to earn is the best way to become a independent trader. Check out my website and start today. P!
Just relentless - You should NOT trade against this sweetie-monster, but trade WITH it. Although the Centerline is not superior, we catch the path of price with this Fork. ...go RUT...get my sweetie §8-) P!
Since my last video post, price banged it's head precisely at the L-MLH and fell back to the virtual Centerline (red-dotted). This is no surprise, because more often then not, we see test/retest after one of the Fork's lines are broken. At this time, price has a good chance to turn trend, since it's stretched and most of the longs have puked out the last...
This is how Action/Reaction roughly works: 1) take the center of a major swing 2) mesure back and 3) project it forward. Observe how price is acting/reaction at the R-Lines. This is the same principle like: "If you push to a wall, the wall is pushing back." On my new Blog-Post for registered FreeFTG members, I'm going into details about this technique that...
Right now I'm 100% invested in ETH. And as I look at most of the pairs that I'm interested in, ETH continues to outperform. I'm long term bullish on NEO and waiting for an entry point. According to my wave count, I'm expecting an intermediate wave (4) pullback. These waves typically pullback to the wave 4 of lesser degree level. In this case, it coincides...
Topics I talk about: Swings Forks Tests & Retests Information from the Forks New peaces to the puzzle - Levels Potential trade
Forks give you areas of extremes and balance. On this chart we see, that the U-MLH (Upper-Medianline-Parallel) plays a imporant role in this game. But also the WL's (Warning Lines) catch the resistance and support areas of ActionRaction. Maybe we should keep these levels in mind. P! §8-)