NQ CME EMINI 6-18-2021 15minPrice hit the upper sliding parallel to the upside and fell down to the blue median line and is showing support. Selling weakness could see price possibly continue to drop farther to see the support underneath becoming resistance near 13958.
Past performance is not necessarily indicative of future results
Risk of loss in trading commodities, futures and options on futures can be substantial.
Therefore, before investing you should carefully consider whether such trading is suitable
for you in light of your financial condition.
Medianline
NQ CME EMINI 6-18-2021 240minPrice is showing a steady climb to new all time highs with support on the upward fork. Concerns, however that price will fall are beginning to show as the trendline to the upside is showing lack of energy.
Past performance is not necessarily indicative of future results
Risk of loss in trading commodities, futures and options on futures can be substantial.
Therefore, before investing you should carefully consider whether such trading is suitable
for you in light of your financial condition.
NQ CME EMINI 6-18-2021 DailyPrice is near resistance near horizontal all time highs as well as showing resistance at the upper area of the blue fork to the upside. I am looking for price to come down and hit 13934 again before possibly moving to the upside.
Past performance is not necessarily indicative of future results
Risk of loss in trading commodities, futures and options on futures can be substantial.
Therefore, before investing you should carefully consider whether such trading is suitable
for you in light of your financial condition.
ADA - Longterm food for thoughtCrypto drops like the one today can look devastating on the lower timeframes, but if you take a breather, step back, zoom out and look at higher timeframes like the weekly, you’ll soon see the bigger picture.
ADA is still well above its Bollinger Bands Middle Band Basis 20 Period SMA on the weekly chart.
ADA is still well above its 50EMA on the weekly chart.
ADA is still well above its Pitchfork Hagopian Line on the weekly chart.
While ADA is below its 2nd Pitchfork Median Line, notice that ADA is still well above its 1st Pitchfork Median Line.
Notice how the Bollinger Bands Lower Band has risen up indicating decreased volatility on this weekly chart. As you can see, ADA is still in a longterm uptrend, scan back on this chart and see what happens when the Bollinger Bands Lower Bands move up after a period of strong upwards volatility…… there will possibly be sideways ranging…… then another period of increased volatility and looking at the ADA chart it’ll more likely be upwards.
ADA is still in a longterm uptrend, and that will not change until ADA drops and closes below $0.63 which is below the 1st Pitchfork Median Line and the Pitchfork Hagopian Line. Periods of sideways ranging and drops are good fro the market and entice new buyers to buy ADA at a cheaper price.
Yes there will be more drops and sadly BTC still controls the market direction but if there is one crypto that has shown true individual strength & said “meh” to the Bitcoin crypto market manipulation drops and recovered quickly, it is ADA.
You can check my older post when ADA was below $1, i posted many time saying “accumulate more ADA before ADA gets to $1”, now i’m saying “accumulate more before ADA gets to $10”. If you're longterm, then any drops with ADA should be used to accu…………… well, you know what to do.
I hope this is helpful with your trading and hodl-ing.
$nflx - we could test $570 this week... and then pullback to 542 area before the next push.
flirting with the pitchfork median for the past few days, making higher lows on declining volume.
today's candle confirmed bullish engulfing on an outside day.
excepting a bullish week if market remains strong.
XLM Next target 0.45!I have predicted before that XLM will reach 0.4 and it well did. The price action has been respecting an upward channel for the last months. Next potential target now is 0.45$. The price action broke through the median channel and through a strong resistance zone which can act as a support if the candle closes above it. After that we can expect a pullback to 50% level of Fibonacci (a previous resistance 0.35-0.36$) before going bullish towards 0.45$. The 21 EMA has been acting as a good dynamic support since 21 January and moving averages in general are well spread and going long.
SPY : Pricing heading downwardsPreviously, I projected that price will drop.
Let's see if the downsloping mini-pitchfork (shaded green) defines the new trajectory path for the price over the next few day or weeks. For now, this mini-me (pitchfork) seems to be in control. As long as price is trapped by this fella, price will be head towards target 1 which is the median line of the major pitchfork(blue).
GJ Outlook W1 June 2020Details on the chart indicate my view of the market based on basic structure, trend analysis, basic wave theory and median line theory.
Order flow concepts also align with this but would make the chart too cluttered. I only use order flow for getting in and out of the market anyway, not necessarily market analysis.
Good luck, trade safe.
AU Outlook W1 June 2020I've been going through median line theory recently and specifically like how it plays with Elliot waves. So the analysis is based on those two techniques primarily.
Structure is king and rules over all.
Details on chart.
Ps. Hoping to publish more ideas as practice and also as accountability for myself. Previous ideas published have been immature and underdeveloped, based on personal ego and limited understanding. Learning everyday, growing everyday.
Potential for resumption of downtrend in S&P500This is the bearish case for S&P500. There is a bullish case which I'll publish later.
The rally since the bottom on 22nd March can be counted up to this point as a double zigzag WXY as shown in this chart.
The second zigzag of this double zigzag has followed the purple pitchfork nicely and has been tagging along its median line, and its C wave can be counted complete as an ending diagonal, although as explained in the comments on the lower time frame analysis wave C may continue up a bit further
Looking at the RSI it is showing a bearish divergence gap on the 1 hour time frame
Bitcoin might go long but for how long ...Bitcoin fell down yesterday very strong, which might be a good reason for continuation for reverse. This might be a good sign for continuation, but after all we have to appreatiate media hype, so we are heded to FIRST and SECOND targets first to decide wether buy will continue or crash again.
From the moment when market fell down on sunday, bitcoin left its new unfulfilled futures gap. As expected, we can say this gap might gap fulfilled first, before possible crash afterwards.
If momentum and expected second target will base new support level then we can expect also third target up to 11k or even to 12k (hard to hit)
Short term target:
T1: 9500$
T2: 10 000$ (Possible return expected)
T3: 10500$
Wish you good trading,
Follow us for more updates on bitcoin BTCUSD
Elitefxacademy
GBP/USD :DSimilar setup for the GU, as you can see it is forming a "Head and shoulders pattern" (I don't trade chart patterns) . Price is moving in a very organized way and that's curious to see. Hope you like me analysis even though it is hard to understand xD.
Feel free to ask me anything about my analysis :D.
BtcUsd - H1 - Median line analisysNorthern Movement:
If the red trend line fall, a northern daliy and weekly resistance test is likely.
Southern Movement:
If the green trend line fall, a southern daliy and weekly resistance test is likely.
There is currently an downward trend -D1 and H4.
Only I would like to see the growing trend :-)
BtcUsd - H1 - Median line analisysNorthern Movement:
If the red trend line or green resistance fall, a northern resistance test is likely.
The upward trend requires that the northern resistances fall.
Southern Movement:
If the green trend line or red resistance fall, a southern support test is likely.
There is currently a downward trend.
S&P500 - H1 - Median line analisysThe situation has not changed since last week.
Northern Movement:
If the blue extended line falls, the price could test the 4-hour trend channel.
Southern Movement:
Otherwise, the southern support may be tested.
But even then, there is a northern trend.
The conditions for the southern movement have not yet been established
UsdJpy - H1 - Median line analisysNorthern Movement:
If the red trend line or green resistance fall, a northern resistance test is likely.
There is currently an upward trend.
Southern Movement:
If the green trend line or red resistance fall, a southern support test is likely.
The downward trend requires that the southern supports fall.