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Pitchforks

DJI/NYA afternoon analysisAn analysis for bears, as median lines of pitchforks seem unlikely to be tagged. I like comparing the DJI and the NYSE; they both look similar in structure. The NYSA seems to have a "cleaner look" and (IMO) can likely be used to trade instruments going with and against the DJI. The move off the October 2022 low, while impressive, looks corrective. Both the DJI and NYA obtained their ATHs on 20 May 2024. Unlike the NDX and SPX, neither have formed new highs since that time. Both the DJI and NYA had what looks like impulse waves down from their ATHs, with corrective moves back up towards their ATHs. The NYA has a triple combo down from January 2022 high to form an (a), a double combo (zigzag, green; regular flat, blue) up from October 2022 low to form a (b). Bears now see the DJI and NYA looking for their primary (c) to complete the expanded flat starting in January 2022. Therefore, as long as 40077.40 holds as resistance for the DJI and 18421.9171 holds as resistance for the NYA, I'm looking for impulse waves down to complete the (c), with target bottoms below October 2022 lows.
TVC:NYA
by discobiscuit
YTLPOWR how high it can go? 3/July/24YTLPOWER price probably just 1/6 (RM5.44) of its > RM30 price.. The A.I revolution will not only need more data centre but energy power as well than ever before.( PLUS more clean energy e.g solar power.) As the "sub contractor" of the main con ( Tenaga) , YTLPOWER will benefit a lot from...Long YTLPOWR on year 2025, if there is pullback toward 2.00 +/- which is a confluence zone of 1) Median line of pitchfork (thick blue trendline) 2) Monthly Order Block / Demand Zone
MYX:YTLPOWR
by SteveTan
DNA do not touch this!The stock is at absolute lows, in stark contrast to the sector indices, which are not at these levels. This relative weakness suggests extreme caution regarding the stock. It will be necessary to wait for some confirmation, such as signs of strength and interest from buyers, BEFORE considering any bullish positions. We are in the area of the lower parallel of a Median Line Pitchfork that has captured the bearish movement. At current prices, caution is necessary; prices are undoubtedly in oversold territory, but this does not mean a reaction is imminent. We reiterate: Clear reactions will require multiple confirmations.
NYSE:DNA
by locatellicharts
Quilter Seeking a Weekly/Yearly LowQuilter is moving into a long weekly cycle, currently in week 42. Price is also seeking a yearly low, the last was the COVID low and we are well below that level. Ideally we want price to go below the previous weekly low (R16.61), this gives a good runway to the upside. The dashed pink line is where we will have confirmation of a weekly low by closing above this line on a weekly basis. The dashed green line is we will get a confirmation of a yearly low by closing above this line on a yearly chart. The blue line is the daily cycle line, closing above this on a daily chart with a swing low means we have left behind a cycle low. Of interest is the intersection of support formed by previous weekly low horizontal blue and a median line of the Pitchfork, double support usually provide turning points. Higher risk entry would be a close above blue daily cycle line.
JSE:QLTLong
by runyamhere