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Medianline

ABR break of consolidation, buy 1st pullback, Median Line exitABR had been in a range since early November. Price broke the range, tested the ML, and we now look to see if prior resistance holds as support. There is a tiny red bar back down to support, but has minimal volume. Not much in the way of sellers showing up. The next green bar probes the old resistance area, and holds above it. A break of this bar or the prior low volume red bar provides an entry point, for the first pullback. The next couple of days provide opportunities to get long as price consolidates above the resistance. Ride the t/p up along the ML, with an opportunity to establish a stop/profit along the way. Out for 3.4RR. It looks like sellers showing up at the round number 3.00
ALong
by shane93676
Zooming WAY out on the DJITrivia time...in what year was the DJIA first published? Answer: 1896 That gives us 125 years worth of technical charting data! My favorite charting tool is Andrews' median line. Taking an 'A' pivot from 1896 low, a 'B' pivot from the 1929 blow off top, and a 'C' pivot from the 1932 low we can draw a nice median line that has captured price over the past 89 years. Admittedly though, it's a large area within the median line so maybe this is not that surprising. What does catch my eye, though, is the 75% line within it represented by the dashed line in the chart. This is 75% of the distance between the center line and the outer parallel lines. Price bounced off this line on the bottom in both 1942 and 1982. Now, keeping in mind Newton's 3rd law of motion, we saw a bounce off the 75% line in 2000 on the opposite side of the center line. As Tim Morge likes to put it "as above, so below", or in this case "as below, so above." Looking at the chart now, we're at that top 75% line for the second time...
TVC:DJI
by CColeTrading
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.
CME_MINI:NQ1!
by firemarkets
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.
CME_MINI:NQ1!
by firemarkets
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.
CME_MINI:NQ1!
by firemarkets
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.
BINANCE:ADAUSDLong
by TradingThroughTheLens
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