I like a clean movement of price. Certainly this is the case in $DV. What I like the most is the behavior at the Accumulation Zone. In my Video I go over this in detail and explain how one could also play it with Options. If things go the wrong way, you could even morph it into a new Strategy. Reasons to buy: - Accumulation Zone held - Rising Volume / Doubled...
In my YT Video Analysis I talked about, how OJ is at the Apex and has a high chance to fall down to the Center-Line. On the daily chart (see the zoomed Screenshot), you see how price is struggling to get above the U-MLH. Great signs of weakness. But beware, OJ is super illiquid. This means that this market can get pushed in any direction, in any...
When you trade the Model of the Medianlines/Pitchforks, you know now that price of NVDA is at balance. Why? It's at the Center-Line. From here Chances for up or down are equal weighted Details? Well, price closed above the CL. This is bullish. Price usually pull back to it. Then it should continue to the other extreme, which is the...
Rule Nr. 1: Take it with a grain of Salt! ;-) OK, it's probably a Lotto Ticket. But IMO one with a monstrous chance of 80% if price trades within the Pitchfork. As we now, price has a 80% chance to reach the Center-Line. So, it's a Lotto Ticket with a good RIsk to Reward. Nothing more, nothing less. I'm in CHPT since over 1 year and got clapped. Ever since I...
That's brutal! This Stock seems to like some clapping. It bangs against the Lower Medianline Parallel like there is no tomorrow. Well, that's a good reason to short NYSE:PLTR : - trading outside the Fork - prior, and current resistance at the L-MLH - trades at the top of the resistance zone I go with a nice Risk-Reversal of 120 Days. Oh, please, can one wake...
The Red Pitchfork is a Pendulum-Fork. It grabs the biggest Swings and projects the most probable path of price, like in this chart. The Count starts at P0 and relies on the REAL Swings that I teach you guys & gals. Therefore the Bump from the green Support-Line is NOT a Up-Swing. It's just the center part of a Sine-Wave. Then P3 is created, breaking the Support...
Price even can not hold the Sliding-Parallel of the Center-Line. This tells me, that if it can't jump back above the CL next week, the next target is 4000. Happy Christmas §8-)
Did you made some NYSE:S too following my posts? Great. But... ...now is the time to beware of the slingshot. See, price has fallen quite nicely and we are all happy campers. Now we have to defend our short position, the ground we gained. And here's why: Although price still trades within the red down-sloping Fork, there are some signs that, soon price has...
Weeks ago I posted here and on my website, that CRYPTOCAP:BTC is charging it's "Battery" to unload. Here we have it, a nice blast to the upside. Now, beware of the FOMO! If you missed the entry, you will probably find a better entry in a couple days. Why not just take this as a confirmation that Peeps are still willing to buy it? Sure, if you are a HODLER...
If you trade with Allan Andrews Pitchforks, then you know the framework and the rules. Rule Nr. 1 says: Price reaches the CL over 80% of time. In the current context of BTCUSD, that means a huge potential on gains if entering the market now or in the near future. But of course, we can't just trade off of this rule alone. What else would give us as traders the...
TLT is currently at the Warning-Line of the white Fork. We can see how price reacts to the Center-Line. A classical retest that played out textbook like. Then the same at the BASE Line of the Action/Reaction Set. If TLT cracks the WL, then the next stop would be the Reaction line. All this is in line with the destroyed Bond Market. And that's the reason why I...
Besides all the crazy news, I don't believe this company what they say. IMO they just play with the crowd and make nice gains from the News they spread via the media. That's just my opinion, and I'm maybe wrong. But what about the information we can gather from the chart? I have hidden the huge GAP so that we can focus on the last weeks and days. There is a...
We dived below the Center-Line. This is the time for a short, not when it's down at the Lower Medianline Parallel. Because there are lurking Creatures you don't want to meet. My stop would be above the CL test high. Keep in mind that earnings are coming out soon. So mybe give yourself time and trade it with an Options Strategy? Gone for a swim...the water is...
Nah, not monstrous, but a drop maybe. What do we have in this chart? The up-sloping Fork projects the most probable path that price takes. So, it's up, until price is falling out of the Pitchfork. Next, the A/R or Action/Reaction lines (slight blue). All they do is measure a pullback action and project the corresponding reaction. As we see, the A/R line above...
Below the Lower-Medianline-Parallel, the Water is fine! ,..you think? Maybe, but there's a Shark waiting for you. He's Name is "FOMO"! If you waited for a retest of the L-MLH, then you wasted your time. Here is how you trade a open/close below the L-MLH: - short immediately with a money Stop/Loss or - wait for a re-test of the L-MLH, and short from there on...
So, here we are, below the red Center-Line. What now? If the Bears are successful, then we go south. Target is the at least the white Warning-Line, or the red Lower-Medianline-Parallel. What ever is hit first. On the other hand, P3 could be in and we get a bounce up for a re-test to P4. This is a tricky situation. Even more because the Nasdaq looks ready for a...
What a drag yesterday. The red Fork gives us very good context. We see how price reacted two times at the Center-Line. Then came the "Flush" throu the CL with no pull-back. No Mercy! This move brought us down to the Lower-Medianline-Parallel. From here price starts to bounce. It's also a level where NQ had support (see left side). So far, divergence with the...
I posted a lot about Crude Oil on my Website and also on YT. The first short was nice success. Now we get the chance to do it again "Sam" §8-) This current test of the L-MLH of the white Fork was brutal. The squeeze is similar to the one of the 23rd of September. Just a little smaller, but more vicious. As for a Stop, I think it needs top be at least above...