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Pitchforks

S&P 500 Daily Technical Analysis (UPDATED)ES (SP 500) Daily - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Trend Lines , Parallel Channel, Cluster, Confluence, Pitchfork, Gap, Fibonacci Retracement / Extension - Hope it Helps, Good Luck DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment product is provided for informational, educational and research purposes only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The author or persons involved in the conception, production and distribution of this material cannot be held responsible for transactions or any financial loss or damages resulting directly or indirectly from the use or application of any concepts or information contained in or derived from this material. Past performance is not indicative of future results. Any person who chooses to use this information as a basis for their trading assumes all the liability and risk for themselves.
CME_MINI:ES1!
by BahamasX
2
📈Bitcoin prediction, 26K or 31K? 📉BINANCE:BTCUSDT COINBASE:BTCUSD Hello dear traders Due to the decrease in trading volume in the last few weeks, I'm going to do some weekly Bitcoin analysis. In the next few days, Bitcoin is expected to return to the $31,000 range if it holds above the indicated areas. If the price breaks below the mentioned areas, the price will drop to the level of 28,150 and then 26,500. ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱‍👤Otherwise, make sure you leave comments and let me know what you think.🐱‍👤✍ 🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑
Short
by CrazyS
CADCHF Bearish ContinuationHi Traders, We are looking for a selling opportunity for this Pair for some reasons: 1. Rising Wedge - based on the previous move of CADCHF last Oct.- Nov. 2022 2. The edge of the Schiff Pitchfork is currently being tested- if the price is rejected by this, this will be a huge downside for this pair 3. Currently with the strong Fibonacci Resistance Level 4. It formed a Bearish Divergence on the previous swing high. I recommend entering the trade once the Rising Wedge is broken and finding a short setup for it. Be Safe Traders, Retained.
Short
by Retained
Bing short on SPX.SPX along with other markets have been in a massive uptrend from past several weeks. But we are about to see a potential change in trend. On the chart you can see I have a pitchfork from the bottom, which has helped me a lot during this entire up trend, its levels have been respected very well. But now we are about to hit the top of the pitchfork very soon, this calls for either a good rejection or a change of trend. Along with the pitchfork we have a weekly harmonic pattern and SPX is hitting its prz. I have indicated the entry and Stop loss. What I am watching is a weekly close either below the white line which will make a bearish engulfing week for SPX or even better a weekly close below the yellow line which result in change of trend. Along with the pitchfork and the harmonic we also been in a trend of a green week followed by a red week from past 5 weeks, and I am expecting next week to be a red week.
OANDA:SPX500USDShort
by zakoraio
2
Market Frequency - Kite Analysis - UsdJpy H1 - ShortAnalysis - Black: D1 long fork (between the median and the upper parallel) - Red: H4 long fork (over the lower parallel) and previous week's levels - Orange: H1 short fork (over the lower parallel) and previous day's levels - Yellow: m15 short fork (upper parallel) Next move - Purple: H1 trendlines - Blue: H1 levels to be retested - Long correction and short trend. If the m15 fork breaks, it is long. Target is the low of the H1 short fork.
Short
by MarketFrequency
USDZAR Finding Support on PitchforkThe USDZAR found support on the lower point of the Pitchfork & could not continue to the 200 day moving average, the expectation is price to begin trending upwards, the black and the pink lines form a parallel channel within the pitchfork, price fell out of that channel & where the black meets the pitchfork line is an interesting place for price to consolidate (double resistance) before another attempt higher. Given time, we expect the trend to support the Rand firming over the medium term. We must also be cognizant of the environment, recession figures will begin to feed into emotions, so a US dollar spike is not out of the question resulting in a hit on stock markets.
Long
by runyamhere
6
ARB, What it be?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better! In at 1.1291. Initial Elliottwave count and idea got blown up. Had a plan B idea in the vid on it. After being stopped, I cried, then watched how the PA played after the sweep. Swift move up, corrective move to Algo zone. Classic tradedevils setup played out. Possibly a wee little W5 to pop the last pivot then maybe a turn, but I think 1.29 is the level to watch. Breaking below 1.1774 is sus. My internal count idea, atm. Cheers!
Long
by CryptoKnee
SBK: Yearly Low With Bearish PullOn the daily time frame, Standard bank has presented with a cycle failure as price went below 17 February low, the share is in intermediate decline. Price must go below the blue trendline. But since we are anticipating a yearly low, price must also go below R140.71 (19 September 2022). If it can do that in current cycle, the green circle is an area of interest for a bottom. In the event we find a bottom in the red circle, we would need another weekly cycle to complete the picture, this would be severely bearish bringing into scope close to R100. This would mean events causing retreat to COVID lows, an unpleasant experience for perma bulls.
JSE:SBKShort
by runyamhere
Market Frequency - Kite Analysis - UsdJpy H1 - ShortAnalysis - Black: D1 long fork (between the median and the upper parallel) - Red: H4 long fork (median line) and previous week's levels - Orange: H1 long fork (over the lower parallel) and previous day's levels - Yellow: m15 short fork (lower parallel) Next move - Purple: H1 trendlines - Blue: H1 levels to be retested - Long correction and short trend. If the m15 fork breaks, it is long. Target is the top of the H1 short fork.
Short
by MarketFrequency