Increasing tension and tapering market. Waiting for a new trend!Fibo 0,786 will determine the new route. Tapering market gonna give birth a bullish trend? If support works, it will truly.
PS: StockRSI says price is low and time to buy it.
Pitchfan
NEO following the pitchfanTrendlines can help you to identify patterns. Here we can see NEO jumping the different tiers of the pitchfan. It seems it is climbing on the third tier of the first pitchfan before moving on to the next one.
NEO following the pitchforkDifferent trend lines can help look for patterns. In such a volatile market, patterns can be deceiving. However, it seems like NEO is jumping from each level of the pitchfork fans. It seems like it's doing its climb on the 3rd tier of the first pitchfork before jumping to a new one.
Pitchfork scaffolded Fib extensionEarlier I posted a QTUM model fully exptapolating a cloned repro of an Elliott correction extended by a leading 3-drives pattern. I don't think it's going to happen that way again, but I was curious how much earlier wave anomalies affect subsequent wave patterns. This one has a somewhat more conventional correction phase, so I'll let them play out just to see what the reality looks like compared to novice-generated models. This one doesn't have the same symmetry, but that may work to its advantage once QTUM's wave starts to hit its stride.
I plan to produce a gallery of models bootstrapping various pattern combinations, but mostly from similar groups, to see how they generally perform over time. I'm pretty doubtful chaos can be modeled so simply, but I kind of like trying.
Pfork scaffolded Fib extension w/ 3-drives in ABCDFor this chart to be valid, I think we'd have to see another BTG-driven debacle after QTUM's next peak. This one simply cloned the evident 3-drives pattern flowing in to Elliott Correction wave off of the previous peak onto the next pitchfork/Fib-extrapolated Elliott wave peak and tacking the corrective waves on the end of the 2nd 3-drives pattern to yield an ABCD extension. In actuality, I don't think that 3-drives section will play into the correction next time, but I'm going to put the chart up for posterity just to see how over-reliance on an aesthetic ideal works out. Not well, I imagine, but I'll post another version for the sake of later comparison.
My two cents on near future BTC price actionI'm always reticent to call a top -- particularly a new ATH on something as emo-driven as BTC -- so I erred on the side of caution and interjected an "opinion" of $6400. I know this isn't valid TA, but as many arbitrary squiggles as I see hand-drawn on many charts, I figured I'd throw it into the pot. I'm pretty comfortable with the $3600 end of the correction wave, though.
BTCUSD (DAILY)DAILY CHART SHOWS A POSSIBLE LONG OPPORTUNITY ON BTC.
-PITCHFAN SHOWS THE SUPPORT/RESISTANCE LEVELS (GRAY LINES)
-SUPPORT HAS BEEN TESTED MULTIPLE TIMES. (BLUE CIRCLES)
-TRIANGLE BROKE UP, GIVING A BUY SIGNAL ON THE SHORT TERM (ORANGE LINES)
-MACD ROUNDING UP, WAIT FOR THE TO CROSSOVER TO GET A SOLID BUY SIGNAL.
-RSI IN NEUTRAL ZONE.
-POSSIBLE RETRACEMENT TO $2450~ BEFORE UPTREND, IF THAT HAPPENS, BE CAREFUL WITH THE LONG TERM TRENDLINE (EVEN THOUGH IT HAS BEEN HOLDING THE PRICE NICELY.)
-TRADE SAFELY AND LEAVE YOUR COMMENTS.
Buy Gold Till 28th Feb1 month trade, Buy Gold at 1185-89. For the target of 1265.
Path may not be same as elliott wave but will surely go up..
Bulls Gold into position to Sways UpBulls managed to breach 1335 / 36 level last week.!!
we would see some upside come into the market with targets at 1340, 1345 and 1350.
Short drawback tomorrow, then bull run for a few daysNNA has solid fundamentals, but obviously that's not enough these days to mean much in short term trading.
Dailys are showing solid bull set up with the indicators. Hourly indicators are a bit mixed.
Daily Fib-arc, Bullish Gartley, pitchfork, and pitchfan are showing gradual-immediate bull. I'm in, are you?
Bull in the next day or two for INSYS - Unless we go into an all our recession, I'm pretty sure this stock will keep doing it's own thing (based on beta).
With that said, it's looking like over the first few hours on Monday this stock will do some dropping, most likely hitting the 1.618 pitchfan line created on the weekly and overlaid on the larger pitchfork.
The area of the 1.618 is very close to the .318 trend-based Fibonacci line.
The large pitchfork warning line (orange) is still close, and if crossed could mean a reversal for the median is underway. We shall see.
If the stock does continue down, we need to pay attention to the more recent, pitchfork, pitchfan, and yellow warning lines.
INUV Pennystock bullish next few daysOver the next few days I see a reach for the .5 Fibonacci level (1.90), or the Pitchfan line; whichever comes first.
Heavy support from at 1.80 from longterm fibonacci level.
I believe the overall trend is still bear for this penny stock, but for the interim its bull.
Bull/Bear CRC(Oil) DependsStrong signs of upward mobility, strong indicators of bear territory.
Andrews Pitchfork Downward over the long term.
RSI, CCI, Stochastic are showing reversal from bull to bear.
Schiffs Pitchfork touch on the median, showing clear reversal over the next day or so.
Touch on the 2.09-2.20 resistance region.
Upper resistance at 0.618 pitchfan level.
Upwards Schiff's pitchfork.
Fin Spiral is much further off to show reversal (if it's any confidence, i'm doubtful)
Lower support at 1.81-1.75 region.
Lower inclined support from 0.5 on the pitchfan.
USOIL no channel break [SHORT]This baby is still goin and may hit the .786 fib as resistance before the trendline seen hitting bottoms
Buy sliver in a longer term Sliver seems completed 5 waves down trend. It is very likely going up for a long run. The next important resistance level is around 18.5. If it breaks, it will go up to around 21.2. We might see this target at the end of this year.
It is a good chance to buy from the pull back.
Enjoy the trading!
Brent oil udergoes trend transition termWe are now in the trend transition term. The bull is still strong, but bear is growing. The MACD goes bearish cross but price is still above SMA(12). I am still waiting confirmation for going bearish.
Target 1: 63.8
If 63 breaks,
Target 2: 60.29
