Get started

Symmetry

IRBT Shorts "Sweep" in the Cards?IRBT - I'm expecting a move up. What I like: - Half-assed inverse head and shoulders on a daily - Start of an uptrend (albeit disorganized and choppy) - Relative strength with the indexes down over 1% - Holding closest symmetry support at $50.20 - Cluster of symmetry support from $47-48.33 with the uptrend line -786 fib retracement at $49.31 - Big ass gap above Beyond the technicals, my intuitive/dowsing approach is hinting at a short squeeze and move higher; and with 50% of the shares shorted (as I understand it), that could be F-U-N!
NASDAQ:IRBTLong
by JenRz
bullflag target of 10480 confluence w/ risingwedge breakdwn trgtI love the symmetry of equal and opposite reactions and am a big fan of the newtonian physics because I see them play out all the time including in the charts...that's why I decided to place the projected breakdown target line at the same exact price as the projected breakout target to see if any confluence would appear and in doing so you can see the breakdown target lines up precisely at the super strong horizontal support line at 8504 we've been talking about since early 2019. This is the perfect zone for this to land on as it fills the gap on the cme futures chart as well as provides a perfect zone to bounce from. I wouldn't be surprised if I busted a fib retracement out on it it would probably line up well with either the 61.8 or the 32 key fulcrum lines. Anyways for now its still speculation that it will break down from the wedge at this exact spot but will be fun to see how close it gets to my projection. I think it will set a bear trap convincing people that the golden cross might turn into a fakeout then once its gathers enough shorts it will resume bullishness and liquidate them all. Just my guess not financial advice. Thanks for reading!
BITSTAMP:BTCUSD
by DrDovetail
EURUSD: Fib Ratios and Harmonic Price Moves (Swing Trade UPDATE)Heres a peak of the previous post: The support at 1.103 was not as strong as I expected, but still this just leads to another opportunity. Noticed some high impact news concerning the euro coming up on Monday by Germany. Im pretty sure the dip today is just another manoeuvre to add fuel to the liqduity pool. In this chart we are not looking at a defined harmonic pattern, but we see some confluence by the 61.8% fibonacci ratio with a twist of harmonic price movements. A harmonic move is simply symmetry between price and/or range or length. As showed on the chart AB took 3 bars to complete and BC took 5 bars. Multiply 3 by 5 you get 60% which is also very close to the 61.8% as showed on the chart. Even though I got stopped out of the previous trade I am very tempted to try placing stops at 1.009xx for a potential return of 15 times risk. I do believe its safer to put stops at 1.098. This still offers potentially 5 times the risk. Im already in both trades after taking a small loss from the previous trade posted in the channel. Please leave a like as a sign of support and make sure to leave a comment below if you have any ideas regarding EUR/USD and make sure to check the related idea for more information! Good luck to all trading EUR/USD for the next 2 months!!
Long
by MikulovicFOREX
1
SPY will run out of gas soonMost of my posts will have a lot more verbiage associated with them than this one but in this case I think a careful analysis of the chart will reveal everything I want to convey. SPY is toppy here with Fibonacci extensions from two separate impulse wave together in a confluence zone. I see 315 as a potential top if we manage to get there. As always anything is possible as I think we will know soon per the duration of previous up-trends if we will make many more new highs or capitulate, I'm leaning towards the latter scenario.
AMEX:SPYShort
by TNasr
zoomed out 1 day chart to appreciate the chart pattern symmetry.just wanted to zoom out to show the current chessboard in its entirety and also my idea of when we may finally breakout of the bigger (for now speculative) symmetrical triangle pattern. The Adam & eve double bottom is one of the most picturesque symmetrical perfect adam and eve double bottoms I've sen in awhile...was amazing to watch the price action follow the right side of the double bottom exactly as I had laid it out as well as watching price action follow the dotted blue breakout target line up like it was magnetized to it. I think we can do 1 of 2 things here at this point...either jus continue to skyrocket up all the way to 13.1k and trigger the double bottom immediately or get rejected around 12k down a slight bit by what is currently the "hypothetical" top trendline of the larger green symmetrical triangle we may potentially be in. If the triangle is indeed valid I anticipate we will see a rejection down from its top trendline to send us back down to retest the double bottom neckline and scare people into thinking thee double bottom was a fakeout. However I believe that if we do retest the double bottom neckline ultimately it will maintain support and trigger the double bottom breakout...unless we're gonna fill the 8.5 gap afterall(slim chance but still somehow a possibility)I think if it gets rejected at first and confirms the validity of the larger green symmetrical triangle that we will then retest double bottom neckline and wait to breakout until the point where the triangle's top trendline and the double bottom neckline converge as shown here on my chart...everything else has behaved with some stunning symmetry so far here so for it to break out where they converge would only add that much more perfect chart pattern symmetry and confluence. the right half of my eve bottom played out perfectly lets see if this one does as I anticipate as well.
COINBASE:BTCUSDLong
by DrDovetail
BTC/USD - SymetryI would not be surprised if Bitcoin will get well deserve break in this uptrend. Taking on the account the past symmetry (blue) a similar pattern would emerge from this point. Possible retrace to the $5,100-$5,200 area would be very healthy. Moreover, so far 1.272 is acting as a resistance. If Bitcoin will pass that, then 1.618 at $6,000 level should also be on the cards. Please let me know your thoughts on the above. I am happy to share my analysis if you find it interesting. Regards, Piotr
BITSTAMP:BTCUSDShort
by Cryptoffee
Updated - Tron (TRX) - Elliott Wave Count and Prediction - 4hrI'm making a slight adjustment to my Tron (TRX) EWT count. It appears TRX isn't waiting around for a slightly deeper pullback to complete (2), so it's highly probable we are now in a (3) of W3 which will give us a fantastic run-up in the next week or so. Notice the red vertical time cycle lines and the beautiful symmetry between the subwaves of W1. This supports the wave count further and I can find no alternate count nearly as probable as this. The subwaves of W1 peaked around 17 day increments. Using this symmetry puts us at January 27th (+/- 24hr) for the next noteworthy pullback. At which time, wave (3) of W3 should complete. Then we will consolidate for a wave (4) of W3. Please feel free to comment and/or make suggestions on how to improve my wave counts. I love wave counting the markets and am in awe of their beauty, but *NOTE* I am not an investment advisor and am not offering investment advice.
BINANCE:TRXUSDLong
by justybear1984
2