P&F is an old but great chart technique i like to use. It measures the volatility - a perfect match to Bitcoin. I'm using 3 box reversal with box size of $1.000. It's used to calculate price objectives at the end of wyckoff structures by measuring horizontal counts. I've shared many p&f charts pointing 100k during first accumulation, but we got another...
Directions of the MES for long and short. Long entries are blue rectangles. Short entry is the red rectangle. I would prefer the long side because the overall picture and bias is based on my option long. See how it goes. Thanks Holm
Here's the P&F chart update for Bitcoin after the Amazon FUD. We have a reversal bar to the downside which is bearish, but in order not to become overly bearish, i'm also counting for a possible reversal to the upside for the next column. Ofcourse we should expect a reaction in these reversal bars. In fact the current reversal could be the reaction itself. 30k...
We are officially in a double bottom breakdown structure on the p&f chart! As i explained in my previous analysis, this breakdown will take us down between 14-16k. This structure started playing out on July 2nd when the reversal of the current downward column has kicked in: So, this is nothing unexpected if you followed my previous analysis. Let's see...
Back in June 2nd i shared a P&F chart analysis when it printed a new reversal column. Since then 12 days passed and nothing has changed on that chart, except today it printed another box down! It always amazes me how good p&f charts are at filtering noise. All the excitement, traps, zigs and zags and everything in between means nothing until price moves...
I'm always keeping an eye on the p&f chart as it's one of the main pillars of wyckoff method and we got our new downward column as we entered in to 32k territory. You may say we have recovered and held 33k and it was just a wick. A wick is still weakness and p&f chart created the new column to be confirmed at the day close. This new column, if persists and beaks...
$APPS has a nice little breakout strategy, and just reclaimed $70. If this holds and it continues up, we have a spring out of the current wyckoffian accumulation phase. I'm just getting into PnF charts, and they've been remarkably accurate so far. The PnF count puts APPS at a whopping $280 (+290%) long-term price target, and $136 (+90%) for the short term wave...
Will SLV ETF be the next GameStop (GME) to start the crazy run up as WallStreetBets prepares to unleash the World's Biggest Short Squeeze in Silver? Let's analyze SLV with price action trading strategy and volume spread analysis (with Wyckoff concept) to scrutinize the tell-tale signs before any potential big moves happen. In the end of the video, upside target...
BTC printing bearish reversal signals across all exchanges on PNF chart. Will take 2-3 rotations or price reversal above19500 to invalidate or flip that signal. Short signal suggests being short with risk capped at 19500 stop. If price continues to chop though this signal could flip bullish again within a day or two. Volume profile on standard charts suggests...
PNF still showing a bullish trend though 19350-19400 has acted as resistance several times now. Stops on long positions at 18770 should protect against large downside move. Trend neutral with consolidation still showing. Quick breakout entries likely at 19280 for longs, or 18880 for shorts. As we are consolidating though breakout trades should be considered...
Furniture producer spring art, newly listed company since end of 2019. While newly listed means a new uncharted territory, Spring have so far shown a nice months of accumulation period between 175-255. There is a clear broadening triangle pattern depicting the accumulation process. Assuming 275 is the creek, i have made the PnF TP calculation PnF= 0.005x3x25 =...
GOLD has seems to be at its distribution area. Based on TP calculated using Law of Cause & Effect PnF chart, conservative target can be considered reached at USD2100 area (2077 to be exact). Here's how I deduced TP reached: 6 years of accumulation (2013-2019) at USD1180-1400/oz shows a classic schematic of wyckoff accumulation phase. On PnF chart, using box size...
Artroniq aka PTB has broken put of its trading range with clear JAC,LPS, and SOS. Based on LCE PnF charting the TP calculation as follow: Pnf = 16x0.01x3 = 0.48 TP consv= 0.14 + 0.48(50%) = 0.38 TP aggrsv = 0.14 + 0.48 = 0.62 TP conservative has already touched. However, using volume profile indicators (visible range), there is no clear distribution in...
Netflix hit an all-time high, then corrected. It crept below the uptrend line but didn't generate a sell-signal below it. It passed back above the uptrend line but hit the resistance roof. Again, it just crept below the uptrend line but without a sell-signal, suggesting that the trendline is acting as support, albeit loose support. The price climbed above again...
Phase C Completion suggest a quick rally above $57 SETUP: Pattern Confirmation: Rally into short term overbought at above $59 Pattern Failure: Close above $53.50 Trading Minimum Target: $51 count line + (25 boxes* 1 reversal * 0.5 box size)=$63.50 Campaign Minimum Target: $51.50 count line + (48 boxes * 1 Reversal * 0.5 box size)= $75.50 Happy Trading!
Good morning, traders. So far, we have been seeing decent movement with Bitcoin since yesterday's $4048 low. Furthermore, my PnF count has the $4,000 area as the low based on the descending triangle pattern that price exited through the bottom of in that chart. If that count holds up, then we should, at minimum, move sideways for a bit, if not head back up. At...
Pnf is the holy grail of trading, it really is