USDCHF ShortSome would look at this and say "Head and Shoulders". I think it lost momentum moving to the upper level and will move down to the zone below. At that point I'll reevaluate.
Pitchforks
ShortIt seems that this fork is still valid, if the support is maintained, the probability of falling is high
EURUSD LevelsI added historical levels and zones to the EURUSD charts. We are approaching some important levels that it will likely test.
I also added additional deviations off the median line.
Personally I think it's pretty fascinating how closely the price action matches these deviations.
ShortIt seems that the price has reacted well to the forks, if the support is maintained, the possibility of a fall is high
📈✌EURUSD 1H long position✌📉FX:EURUSD
FOREXCOM:EURUSD
💥If the price trend does not break the bottom of the yellow zone, a long position can have a good chance of winning.
Just don't forget to risk-free your position when it reached the TP1 - TP2
TP1-2-3-4-5-6 are on the chart
The optimum stop-loss is on the chart.
Please share ideas and leave a comment,
let me know what you think.
CrazyS✌
GBPUSD Pitchfork formingI think there's a short run pitchfork forming. I am going to open a position with the SL at 1.2739 and watch over the next week to see if I want to move it up and let it ride.
Uranium ETF Wave ForecastAMEX:URA
URA, the Global X Uranium ETF has completed the first wave of an impulse move, and is in the process of completing a Wave 2 correction.
Wave 2 appears to be a complex correction consisting of two corrective patterns. (Zig-Zag + Triangle)
The triangle is still in the process of completing it's structure.
(I also want to note the possibility that wave 2 has already completed a flat correction and that the triangle shown in this chart could be wave 1 & 2 of the 3rd wave of larger degree.)
Either way, price should begin rising sharply within the next month or two as it completes the triangle correction and begins Wave 3.
Or in the case that Wave 2 is a flat, Wave 3 of 3 could already be on it's way.
I've used a Modified Schiff Pitchfork to form a channel for the rest of this impulse move.
I've kept these projections pretty conservative, the actual move could be much larger.
Wave 3 is a 1.618 extension of Wave 1, and Wave 5 is only slightly larger than Wave 1.
(Wave 5 = .786 of Wave 3, compared to Wave1 being .618 of Wave 3)
Being that Wave 2 is a complex corrective pattern (zig-zag + triangle), I've projected Wave 4 as a flat correction.
(If Wave 3 begins very soon, it would be likely that Wave 2 was actually a flat. If this is the case, expect Wave 4 to be a Zig-Zag)
Disregarding any wave structure, price has formed a giant bull flag.
I'm going to be purchasing some long-dated call options on URA once price breaks out of this bull flag and begins Wave 3.
My conservative targets are Wave 3 = $60 and Wave 5 = $77
Fat_Fat
MOTHERSON is at excellent support!Stock is at the confluence of strong S<>R and the central median of two pitchforks!.Good level to accumulate the stock
EURUSD ReviewJust revisiting some old charts I set up before I had to take a sabbatical. The Pitchfork on EURUSD has held up nicely so far. A possible rejection off the centerline before heading back down.
finally the attractive 3rd wave?crab harmonic pattern:
X=$0.276
AB=0.61 XA
BC=0.38 AB
1.6 BC=$0.047
0.78 XA=$0.056
2 BC=$0.093
0.88 XA=$0.118
2.24 BC=$0.142
2.6 BC=$0.277
1.13 XA=$0.729
3.6 BC=$1.61
1.27 XA=$2.1
4.23 BC=$4.79
1.41 XA=$5.89
1.6 XA=$27.85
SPY Rally to "C" Pivot LevelAMEX:SPY
SPY broke the fork and the trigger-line.
DMI crossing bullish
C Pivot next.
Target = $412
Fat_Fat
BAJFINANCE is at good support!stock is in W3..........
consolidating on top of the UM of pitchfork....
feel its a good price to buy............
if it trips and closes inside the pitchfork, I am wrong!
📉✌BTC 30Min Position✌📈BINANCE:BTCUSDT
COINBASE:BTCUSD
Hi traders, first look at my previous analysis.
A quick long position can have a good chance of winning.
TP1-2-3 ---> Long position.
TP1-2-3-4-5 ---> Short position.
The optimum stop-loss for each position is on the chart.
Please share ideas and leave a comment,
let me know what you think.
CrazyS✌
Buy & Hold PalantirNYSE:PLTR
*This is a long term investment idea*
It's not a bad idea to start buying (& holding) Palantir down here.
With all the geopolitical tension in the world at the moment, the demand for their services should keep growing for the foreseeable future.
They have a stable stream of revenue from government contracts, along with a growing commercial business that should bolster their revenues.
Hence, their ever growing quarterly revenue numbers. (Screenshot below)
Technically speaking; momentum has been building bullish divergence for quite some time now.
At the moment, price is within the bottom range of the arcs, and has exited the yellow pitchfork without reaching it's median line. (Hagopian Gap)
I'm thinking that price should start climbing soon.
In the long term, I think price will eventually get back to the all time highs at $45.
Over the next few years, I'm thinking that a retracement to the 0.50 or 0.618 Fibonacci levels is likely. ($25 - $30)
I'm adding some PLTR to my retirement account this week.
I also plan to purchase some LEAPS in my trading account in three stages.
Positive Momentum Breakout
Weekly close above "Long-Confirmation A"
Weekly close above "Long-Confirmation B"
Fat_Fat
LongIt seems that the price has reacted well to the fork, if the conditions are maintained, the possibility of an increase is high
NY Heating Oil ReliefNYMEX:HO1!
NY Heating Oil Relief
I just filled up the heating oil tank.
$4.40 per gallon for 200 gallons = $880 delivered to the Fat_Fat residence.
Pre-Covid it was half that price.
Imagine being in Europe this winter..... Damn.
Hopefully we see this big "C' wave down.
Targeting the 0.618 fib at approximately $2.35
My fellow New Yorker's need some relief.
Fat_Fat
GM Weekly Fork-WaveNYSE:GM
GM Weekly Fork-Waves
It looks like GM is about to enter Wave 3 of a larger-degree Wave 3.
This goes against the current market sentiment.
This is valid as long as the July low at $30 holds.
Fat_Fat
TATASTEEL - Correction still not over!i feel the correction is still not over for the stock.....it might come back to the yellow dotted line, which will be a good level to buy...
Keep it Simple Stupid - SPYAMEX:SPY
This idea is a reminder to myself to keep it simple.
Divergence + Trigger Line Energy Point + Fib Confluence
Right now we're in No Man's land, which is not great considering I dumped my long position on Thursday. #Transparency
If we get another retest of that lower ML-H, that's a great spot to enter long. (Yellow Oval)
I'm hoping to get another shot.
I'll update the idea if I make any moves.
Fat_Fat
SPY 400AMEX:SPY
Near term SPY rally to 400
0.618 Fibonacci + (ML / ML-E / ML-H) Energy Point + Divergence
Fat_Fat
