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Measuredmove

QQQ ~ Three Pushes to High A “three pushes to high” top often develops as a leading edge of a larger, longer topping formation. This scenario may be a reliable indicator of decreasing momentum. The way it typically forms is as follows: 1. The first push creates a new high outside the upper band. 2. The second push makes a new high and touches the upper band 3. The third push makes a new high, but within the upper band. ~As we review the QQQ, it has made the 3 consecutive steps. (This technical analysis was discovered by John Bollinger and was taken out from the Book "Bollinger on Bollinger Bands") There is also a head & shoulders formation (in blue). If we make a measured move from the neckline to the head. It is about a 8.4% move. Placing that move (in a red arrow), takes us to the 200sma. I will keep this post updated if any pattern has been negated or my views have changed.
NASDAQ:QQQShort
by dorfmanmaster
5
LifeSpot BreakoutASX:LSH LifeSpot Health Bullish Outlook: - Ascending Triangle forming against resistance - Uptrend respected - Volume increasing - MACD Bullish - RSI Bullish - Measured Move & TB Fib Extension Targets Aligning Bearish Outlook: If price is to be held below Daily Resistance and Breaks Uptrend then a return to @.10 is likely NOTE: Position would only be taken as resistance breaks. Risk Management and Position Sizing is also critical. "DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
LLong
by Trader_Johnni
My success with GMA +500% by TA.At the end of August 2020, I saw that the GME price touched its historical low (the lower red horizontal line). At the same time, the "Diamond" reversal model was formed. The breakout of the" Diamond " up on 31/Aug/2020 confirmed the reversal from the downtrend to the uptrend. Next, I used the old-school tactic of "Measured movement" according to D. Schwager - according to which each new wave of growth is equal to or slightly greater than the previous one. And each new wave of falling is equal to or slightly less than the previous one. And this "Measured Movement" clearly bounced off the support line of the new trend (the purple line). This allowed me to surf both long and short until mid-January 2021. Then the growth became threatening, I closed GME and took a profit of about +500%.
NYSE:GMEEducation
by Dr_Chester
8
BITCOIN Bullflag Completed!Bitcoin looking Bearish on the daily. - Daily Bullflag Completed - Internal Measured Move Completed confirming Daily Resistance level - 50k Psychological Level Confirms as Resistance - MACD turning Bearish and Cross anticipated - RSI overbought and showing Hidden Bearish Divergence signal Note: Awaiting new Support level to be identified off Fib Retracement levels 0.236, 0.382, 0.5-0.618 or Former Resistance which is yet to be tested as Support. What are your thoughts? "DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
BITSTAMP:BTCUSDShort
by Trader_Johnni
3
Pro-Pac BULLISH BUILDUP ASX:PPG Pro-Pac Packaging Limited, together with its subsidiaries, engages in the manufacture and distribution of industrial, flexible, and rigid packaging products in Australia, New Zealand, and Canada. Bullish Outlook: Currently waiting to see if price breaks Daily Resistance and confirms the Marco Ascending Triangle which is highlighted blue. Targets are the Internal Move and Flag Pole Distance at break of Resistance. Bullish Market Structure leads me to believe that Resistance will break soon. Note: Potential Timing for Reversal is aligning with Upper Band of Trend Channel Resistance so we could see some action around that level. Bearish Outlook: If we fail Daily Resistance and return to Trend, there is always a possibility of a break, my next area of interest would be the Daily Support. "DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
PLong
by Trader_Johnni
Bearish view on SGDCNH(potential low 4.63)The reason I like to review the pair is that I've in SG for 8 years. It's my second home. Most importantly I have SGD deposited in the local bank. Personally, I prefer to strong SGD. The reality is harsh. I don't know what happened on Jan. 8th. But the long lower wick really opened the downside space. The potential low is 4.63(measured move). Singapore got hit badly by the covid-19. The little red dot relied heavily on openness. Today, a new cluster was identified, so it's far from over. Good news is that vaccination has started.
Short
by JICPT
AMAZON new HIGHSNASDAQ: AMZN Amazon.com, Inc. is an American multinational technology company based in Seattle, Washington, which focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. Bullish Outlook (WEEKLY): - MACRO Ascending Triangle forming against Weekly Resistance - TB Fib Extension target 0.786 lining up with Internal Fractal Move @3869.5 - MACD turning and anticipated Bullish Cross - RSI bounce of the 50.00 level - TB Fib Extension Target 1.618 also lining up with a flagpole target around 4900-5000 region at break of Weekly Resistance. NOTE: keep in mind the Weekly TF and that this would take IMO at least 6 months to play. Bearish Outlook Weekly: If Uptrend and Ascending Triangle pattern fails id expect a fall to @2900-3100 region. "DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
NASDAQ:AMZNLong
by Trader_Johnni
1
EUR/NZD (Speedlines)Speedlines are a technical tool that uses the principle of 1/3's (Fibonacci %s) based on the previous uptrend or downtrend. Price is measured at the peak of the uptrend by drawing a trendline connecting at least 2 points. Once The trendline is broken the next correction or break should occur at the next price point equivalent to 1/3 the distance traveled. (258 pips /3 = ~80 pips) Each trendline will be drawn/ adjusted from the origination of the trend(baseline). The trendlines should intersect at the value shown = to 1/3 the distance traveled in the prior trend.
by JHair20
Finding Clarity through the Profit HazeHello fellow Traders, We are looking at the BLX chart on the Weekly to establish a long term directional bias for Bitcoin. I trade using David Halsey's Measured Move trading system. While this system is just Fibonacci retracements, the "special sauce" behind this system is how the pivots are chosen for those Fibonacci retracements. This system has a self-referential, fractalizing nature about it. I will defer to DH for any further Measured Move teachings at his website (www.eminiaddict.com). To give some historical perspective, applying the Measured Move (MM for short) system to the BLX chart in Log scale, we can find a clear "market footprint" to base our analysis off of. On the left, we have the first Traditional MM (Low to High) which price goes blasting through the first Profit Target during Bitcoin's 1st bull market marked by the 1st red arrow. When price goes through the Target, the Traditional MM turns into an Extension MM (high of Trad to high after meeting Target) which also met it's Target in Bitcoin's 2nd bull market. With our current bull market, we are actually in an Expanded Extension (which gives an MM trader like me the goosebumps, it's a very bullish sentiment) and we have, in recent weeks, met that Target of ~$38,500. SO, what do we do here? Let's assume you haven't taken profits just yet because you believe there is more upside potential. That brings us to something I want you to pay attention to... Looking at Bitcoin's 2nd bull market, when Bitcoin reversed at the Profit Target (~$2720) of the 1st Extension MM, this gave MM traders the only opportunity we have for a Trailing Stop Loss. That is to place your Stop at the Stop Loss of the new Extension MM. That may sound confusing, but please refer to the chart text to get some clarity. Why is this important and something to take note of? BECAUSE WE ARE IN THE EXACT SAME SCENARIO RIGHT NOW Let's remember that in our current bull market, the profit target was ~$38,550. We MET the Target so that allows us MM traders to employ that only opportunity for a Trailing Stop Loss. What happened in Bitcoin's 2nd bull market? We were able to use the Trailing Stop to increase the upside profits by multiple fold. Coming back to the present, and to try to keep the rest of this clear and concise, according to the trading system, there is 1 of 2 things that can happen... Bitcoin either... 1. Reaches the MM Extension's Profit Target of ~$50,000. (more probable) OR 2. Breaks the MM Extension at ~$24,550. (less probable, but still possible) Until either one of those events happen, we are forced to play the waiting game. Let's not forget that the possibility of us breaking the Extension MM is still real. So we must prepare for that as well and with that being said... IF, Bitcoin breaks the Extension MM at ~$24,550, THEN I will be expecting a large correction and will be placing buy limit orders at the $4.5k - $ 7k range. Again, I'm not putting my money on the Extension MM breaking (hell, I'm as long as can be), but I won't be ignorant to the possibilities that lie if I am wrong in this moment. Thanks so much for reading! Happy Trading - Smiley P.S. - this is my very first post and I hope to receive some feedback on how to better express my ideas. Don't be afraid to leave any suggestions! Thanks again.
BNC:BLXLong
by SmileyTrades
3
PLTR , PT 41Another stock that is stuck in a symmetric wedge or if I say pennant pattern also. For long play, once it breaks above the wedge, it can move to ~ 41. To protect losses for long play, the red solid line should be treated as a stop loss. Also, it's holding 20MA (green line) which is giving it a bullish sentiment. Disclaimer: I"m NOT a financial advisor. All trades idea are shared for educational purposes only. All advice is based on technical and my own opinion.
NYSE:PLTRLong
by fqalogtrader
BItcoin Update - 4H and Daily Chart | Measured MovesI expected price to show some rejections from 11150 area and it played out well. We have break below the previous low or local support. I am expecting price to retrace around 10625 area for another short set-up. It is less likely to test 10742 but we should consider it as another level of resistance. Possible targets for bitcoin are 9300 area as you can see good confluence for Support there. I have also talked about the use of Measured Moves of different types. Note : Avoid some mistakes in the audio when I say These uncertaintiesadd up to measured move down.
by Good_Trading_Calls