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Kagi

$SPY $SPX $ES_F Kagi chart trend change $SPY $SPX $ES_F Analysis, Key levels, and Targets I honestly don’t use Kagi Charts enough… they are EXTREMELY efficient and powerful at showing trends and reversals without the noise of regular candlestick charts…. they are independent of time and only track price... Now I never trade with regrets, because I still did really well even trading against the trend lately, but if I had remembered to check the trusty kagi, well honestly, I still would have traded the same… perhaps its my bias due to fundamentals…. BUT the kagi chart is truly amazing and I will make a video tutorial on how to read it with some tips and tricks that will blow your mind. It's really a neat tool... I will make a video this week... AND, the trend just turned bearish on the kagi chart… 🐻... I suppose that was the whole point of this update...
AMEX:SPYShort
by SPYder_QQQueen_Trading
5
The S&P 500 remains in a bullish trend - but beware Quick comments in this analysis. I tend to find just looking at the direction the ema ribbon, or red 20dma is an easy way to tell the underlying trend. Clearly it is still bullish. I was wrong in the latest TA on the S&P 500 I posted. I foresaw a drop through that ema ribbon that did not materialize. That next week I closed that short for a loss, as once the price bounced off that ema ribbon which was historically a setup, it was evident shorting a bull market would have made the loss much worse. I however did not chase the price as it went up higher, nor am I recommending longing here. I do however think while the price can continue higher, frankly I even am expecting it as the price appears very bullish and the financials XLF continue to rise towards historical resistance - there is not a clear setup for longing with the price this far from the mean and so overextended. If the price were to fall to support within the channel, & tag and confirm support off a pivot point to the right of the chart then I would consider longing. If we have a significant drop I will seek to get back into equities. Till then I am stuck spectating, stock picking, and continuing to ride the Bitcoin/Eth bull market up its own wall of worry.
AMEX:SPY
by ZenMode
3
AAPL: Kagi says bearish, 320s soon? Or 420+I've done so many reads on this, and this is a bit different from my other reads -- Kagi says AAPL is due for a correction ASAP. This is a very particular TA, and most likely is not being used by most traders, however it will be interesting to see how off this look is... I can't imagine such a strong sell-off just before ER, however, this thing is totally due for one. RVGI says "night night" -- but will it pierce through SAR points to ATH? Time will tell. Best of luck to anyone who's in this.
NASDAQ:AAPLShort
by ogdabber
Double Window Top on a Kagi chartHello, dear fellow traders! I know that recently Bitcoin experienced a heavy drop in the price. Now we are all waiting for the bull market but the reality can be worse than our best expectations. Kagi chart can be really helpful in predicting tops, bottoms and trends. Now you can see a so-called Double Window Top pattern. This pattern is a really rare yet a strong indication of market reversal. Two shoulders (shown by arrows) of the Kagi chart are embracing a lot of waists (a circle) which all are higher than these shoulders. Since this pattern has been forming since June, I will use this pattern more as a long-term signal. During the bear market 2018 I found two similar patterns and they both produced a large movement for 2000-2500 USD. I can’t predict the future but we may see BTC at around 6k again. The pattern can be observed on Bitmex, CME, Bitstamp and various other exchanges. Please do your own due diligence, this is just one of my findings as I’m playing with non-standard Japanese charts. If you play the market, do it wisely. Thank you for reading this! More analyses to come!
BITMEX:BTCUSD.PShort
by zakharsmirnoff
Three Buddhas on a Kagi chartAs you can see, TVC:GOLD formed a very rare yet really strong pattern called ‘Three Buddhas’. This pattern is similar but identical to the western ‘Head and Shoulders’. Notice how the third Buddha’s leg is breaking two resistance (waists in Kagi terminology). Considering the high price of the precious metal now, it could be a reversal point since the chart has already turned red. Renko chart is also showing the first red brick in the series, so better short now.
TVC:GOLDShort
by zakharsmirnoff
Big Experiment (part 3). KagiBITFINEX:BTCUSD Dear friends, I go on studying the most unusual price charts. In my previous training article, I described Line Break chart, its features and general signals. After that, I was testing it, using it in my daily forecasts. To sum up, I have the following results: 1. I got the best results for Line Break chart when I was applying three (3) levels in the settings. If you use two lines, the chart sends too many false signals and doesn’t perform its main function – filter out random noise and false movements. If you use four lines and more, the Line Break chart sends signal too late; sometimes, signals may come when most of the movement has been already over. 2. The Line Break chart is more sensitive to the price movements than Renko, and, it is both its advantage and drawback. On the one hand, the signal comes earlier, but it is more likely to be a random one. In the chart above, it is clear that the Line Break chart (in the middle) indicates two false reversal patterns (marked with circles); however, the ticker continued going up despite them. 3. MACD is the most efficient for checking the signals. Moreover, it is clear in the middle chart that MACD reversal signal in the Line Break chart comes a few days earlier than that, sent by the same indicator in Renko; and the latter perfectly filters out random signals. The next unusual chart for technical analysis is Kagi. The first thing that Kagi has in common with Renko and Candlestick charts is its origin. In the ancient Japan, Kagi was a plank, looking like letter L, to align a sheet of paper. The chart is created with a series of vertical lines connected by short horizontal lines, looking like letter L. The indicator consists of four lines: Yin is a falling line (marked with red in the chart). Yang is a rising line (marked with green in the chart). Shoulder is a horizontal line linking an upward movement with a downward one. Waist is the horizontal line linking a downward movement a rising one. Kagi chart construction Kagi chart looks similar to Renko. It is also mostly independent of time and the ticker tracks price movements. The price change is usually preset, but it can also be identified, based on the ATR (Average True Range) data. Some platforms suggest using percentage amount. To draw a direct link to the Renko chart, I have selected the preset amount of the price change for the Kagi chart; it is 125.1 USD, applied to BTCUSD As I’ve already written, Kagi won’t be constructed if the price movement is less than the preset amount. In our case, it is 125.1 USD. That is the point, similar to Renko. However, the Renko is made of bricks, but Kagi won’t advance further until the trend reverses. To break down the Kagi construction, I suggest following the history in the Japanese candlestick chart. As it is clear from the left chart above, on August 11, after a sharp price surge, indicated by the candlestick close at 6388.8, the price went down (see the bar under arrow 1). The movement was opposite to the previous one and longer than the set parameter of 125.1 USD. That is two necessary conditions were met to form a new Kagi line, and so, there is the red vertical line downward. The close of the last Japanese candlestick is the base level in Kagi. Next, you see that there is a series of bullish four-hour bars. When their total growth was more than 125.1 USD, a new Kagi line appeared, starting from the previous base level, where, there is a new horizontal line, a waist, in Kagi. As you see, the second Kagi comprises as many as 9 bars, which proves that Kagi doesn’t depend on time. While the nine-bar Kagi line was moving up, it changed the color to green from red. It occurred when the price had met the base level before the previous one, at 6388.8 USD. In other words, Kagi state changed from the Yin to the Yang, from bearish to bullish, which is an early buy signal. However, at 6441.3 USD, the last rising bar closed, having formed another base level. Bitcoin dropped down and the first red bar made up a new Kagi line that was connected to the previous one by the horizontal shoulder at the base level before the previous one. As it is clear from the chart, the last longest bearish bar met the base level before the previous one, the waist, and repainted the rest of the chart in to the red Yin colour. The local trend reversed at the close level, 5975.30 USD. After that, the price was growing again. However, the fourth Kagi line sent its bullish signal at the very peak, when it had reached the shoulder of the base level before the previous one, at 6444.1 USD. Summing up these observations, you see that Kagi combines the features of Renko and Line Break charts. 1. Kagi filters out sideways movements and random noise. 2. It marks the key levels of the trend reversal (potential support and resistance levels). 3. It sends signals of the trend reversal. Kagi signals: 1. Two-colored Kagi line indicates that the market is balanced, and so, the trend may reverse; it is a warning signal! 2. A red line, the Yin, indicates the bearish trend, a sell signal. 3. A red line, the Yang, means the bullish trend, a buy signal. 4. Statistically, one trend is no longer than 10 Kagi lines. Combination of Kagi and other indicators: As it is clear from the chart above, because the Kagi chart is made of horizontal and vertical lines, looking like L the middle lines in the chart become uninformative due to their angularity. However, the Kagi reversal signal dated August 21, was indicated by the MACD graph-bar, moving into the positive zone, which is a bullish signal, like other meetings of moving averages. Finally, the signal quite accurately indicated the start of the new bullish trend at the moment when other indicators were selling no reversal signals. Summary: Kagi is one of the first technical analysis tools, mentioned as early as in 1870. It still provides the best results, and, in practice, proves to be efficient. Kagi chart can: • filter out random noise and sideways movements; • send trend reversal signals. So, that is all about comparison of Japanese candles and Kagi on BTCUSD example. In my next training post, I’ll describe the Tic Tac Toe Chart and compare it with Japanese candlesticks, to find out its advantages and drawbacks. I wish you good luck and good profits! ________________________________________ PS. If you agree with my ideas write “+” in the comments, if you don’t agree, put “-”. If you liked the post, just write thank you, and don’t forget to share the post. It is easy for you and I will be very pleased :) Stay informed on the latest cryptocurrency news, follow my posts in the blog.
BITFINEX:BTCUSDEducation
by Hypov
4
USDJPY safe-haven play on increased geopolitical risksChart of the day: USDJPY. Safe-haven buying kicked in heavily Tuesday, also giving a boost to other local Asian currencies. Geopolitical unrest levels have risen substantially over the last few weeks: Syria, N.Korea, Russia and this has led to a move to buy those 'safer' assets. Gold, Yen all should benefit from the uncertainty. On the Kagi chart the Yen is now back to mid 2016 numbers, breaking out of the bands, but playing on a key Fibonacci 38.2% line at just under 110, which could offer some resistance. A confirmed break here could see the price noise around 106 targeted, then to the lows just under 100. Any rebound in the shorter term has 112 and 115 in its sights.
Short
by StephenHoad