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Holygrail

🏆Holy Grail🏆 Shows the DXY Index will increase🚀🏃‍♂️The DXY index has been moving above the Uptrend line for more than 2 months . ✅ The DXY index managed to break the 🔴 Resistance zone($105.8-$104.5) 🔴 last week. ↘️ In the last week, we saw the DXY pull back to the 🔴 Resistance zone($105.8-$104.5) 🔴. 🏆Today, I analyzed the possible trend of the DXY Index for the coming week using the 🏆Holy Grail Strategy🏆 . 📚Getting to know the 🏆Holy Grail strategy🏆 Holy Grail is one of the strategies described by Linda Raschke and Laurence Connors in their book “Street Smarts”. The name of the strategy is mocking because it is super simple. It suits timeframes from M1 to MN and any instrument in Forex, futures, and stock markets. The desktop of the strategy consists of one simple Exponential Moving Average (20), applied to Close prices, and the ADX indicator with standard parameters and the marked level 30. The idea of the strategy is that ADX shows the strength of the trend on a certain period. Some traders think that a reversal of this indicator top-down signals a trend reversal but this is not always true, the correctness of this idea depends on whether we are trading in a flat or trend. We do not care about flats, so this is what the EMA (20) is necessary for: its slope shows the direction of the current trend. 📚A signal to buy A signal to buy by the Holy Grail forms when ADX rises above 30, following the growth of the price; after that, the price must pull back to the EMA (20) and touch it. When the candlestick that has touched the EMA closes, place a buying order above the high of the candlestick with the initial Stop Loss below its low. As for the Take Profit, place it slightly below the highest local high that formed after the price pulled back to the EMA (20). If the next candlestick does not trigger the buying order, and its high turns out below the preceding candlestick, place the order above this candlestick. And if its low renews the low of the previous candlestick, place the SL below the former. Of course, ADX will be falling alongside the price. However, for the signal to be valid, ADX must not fall below 30. 🔔According to the Holy Grail strategy and the Hammer Candlestick Pattern, which indicates the completion of the pullback to the broken 🔴 Resistance zone($105.8-$104.5) 🔴, I expect DXY to have an upward trend in the coming week and can increase to the 🔴 Resistance zone($109.3-$107.7) 🔴. U.S.Dollar Currency Index ( DXYUSD ) Analyze, Daily time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
TVC:DXYLong
by pejman_zwin
31
Something that isn't talked aboutAccording to every cycle since inception, Bitcoin has repeated some not-so-talked-about patterns. First: every cycle has had a direct hit on the 0.5 log fib as illustrated here What does this mean? Nothing to the ordinary man. But to me, it means every cycle has a distinct half-way point. How do you find that half-way point without knowing the top is in? Some people think that the nonlog 1.618 is the halfway point. To their credit, it certainly is pretty close to the 0.5 fib; however, you can see in 2017 it was a touch high compared to the 0.5 fib. & That margin is getting worse every cycle. It was -6% lower in 2011, it was 1.5% higher in 2013, and 5% higher in 2017. With a continuation of this pattern, we would expect it to be more than 5% higher than the 0.5 fib. Maybe 8-12% higher? That'd be a $26.4k to $27.5k BTC Another way I've determined this is through a predictive 1.5 fib. It was 6% high in 2011, 4.5% high in 2013, and 0.6% low in 2017 or 0.14% difference from the actual 0.5 fib. The predictive 1.5 fib is determined by making a log based retracement from the previous high to low, making a new log retracement from that same low to the .786 of that previously marked retracement, and marking the 1.5 as illustrated here: & Just for those curious about how I'm getting these numbers for 2011 when there wasn't a previous cycle to draw retracements from. I'll illustrate here It's not foolproof, but it's pretty darn good. There is a problem with the idea as the 1.0 fib of my last retracement points to roughly 154k, which is way shy of my 264k top proposal. However, there is wiggle-room, and it could feasibly get that 1.0 fib up to just over 200k. So, I'd argue it's not completely broken. With that knowledge, I can apply things that happened in 2013, 2017, and 2021 so far to 2011 & see if things are repeating. The gold 1.272 to 1.618 range isn't quite there, but the blue 1.618, the predictive 1.5, and the 2.272 (top) is there just like every other cycle so far. If that's not enough to convince you. If you take the previous cycle high, draw a percentage increase to the 0.5 of the next cycle, do that for every cycle, you find a diminishing percentage at a steady rate of 79% of the previous rate. For example: 2011: the percent increase from the hypothetical previous top to the next 0.5 fib was 69.25% 2013 was 56.72% 2017 was 44.87% These are dropping at a steady rate. If you multiply the previous percentage of say 69.25% by 0.79, you get close to 2013's 0.5 fib increase of 56.72% (calculated out to 54%). So that rate would equate to a 34% increase from the 2017 top which is roughly 27k. Like clockwork... So with 2021 & 2017 alike, we touched down on the 1.618 (blue fib), found a higher high, then came down. 2017 came down 4.22% further, and another 4.22% further from where we struck the 1.618 would be right at 27.5k or my predictive 1.5 fib... The margin of error is close and the reversal in the summer of 2021 had me convinced, but now things are appearing a bit clearer. Like my info & would like to keep up? Find my twitter handle @ Ungovernable_io See related ideas for more fun stuff.
INDEX:BTCUSD
by Ungovernable
2
BTC Chart AnalysisThis is my secret charting method to predict future highs and lows. This method is almost like the Legendary Gann's charting method, it's just tweaked with my formula. They Say there's no holy grail indicator for the financial markets. I say there is. It's just that nobody has made it yet. Follow me in TradingView as I embark in this journey to create a holy grail indicator. A holy grail that can beat Gann's 80% to 90% win-rate and take over the hole financial markets. Time to show these institutions who's really King!!!
BLong
by KingJulius20
AUDNZD - Price Inefficiencies Overlooked...As AUDNZD started to put a whooping on me, I then started doing my top down analysis (Ironically after having entered a knee-jerk short). Poor planning on my part and I see that I should have been long all along. A beautiful inverse head/shoulders with a nice compressed move back to the Quasimodo. It was interesting to note the fractal QM at the accumulation area along with the interesting RSI display. Seeing that compressed, wedge-like move back, along with the clearly divergent RSI, it was quite a nice set up and a beautiful example of neutralization of sell-side liquidity and the indomitable propensity of price to bring efficiency along with it. Hats off to price! The shaded areas were price inefficiency areas derived from the h4/h1/m15. The blue verticals are delineating NY midnight opening price (a bit of ICT). Thanks for stopping in.
by tradesetups
A pure price read on EUR/AUD No one is perfect, but then again! What the hell is perfect? No one can show me "perfection" in the cosmos. Instead of perfect, perhaps "processes" is more along the lines of an appropriate word. Some might say a process is perfect but I prefer to think natural. Perfect isn't part of nature. This is my process! And, yes! I am influenced by certain methods, but it has been a journey to find my process. I am not looking for perfect trades, but process oriented results. Thanks for stopping in. Be well.
Long
by tradesetups
4
SKLZ Holy Grail Setup Fundamentally, SKLZ looks great as a long-term Growth play - with revenues almost doubling in the past year due to COVID, showing no signs of stopping as expected revenues will continue to grow at least 30% each year. Operating in the E-sports field, a relatively new and booming sector, the stock is also undervalued as consensus analyst's estimates are above the current price, and have a fair value of ~ $45. Technically, SKLZ is oversold, which is why Cathie Wood is also dip-buying, which brought the stock up nearly 3% AH Friday. SKLZ is sitting on strong support after holding the 50EMA well during last week's sell-off. With a nice inside day on Friday, holding the strong support, and recent catalysts like an NFL & SwitchedOn partnership, we should see a nice reversal. Entry - Above 32.5, PT1 - 36.5, PT2 - 43, LT PT 55-60, SL Below 29
NYSE:SKLZLong
by Samirp01