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Thrust

Reversal SignalDesmond's Reversal Signal Activated with ADL Support Hey folks, Quick heads up! I've noticed a 'Desmond's Reversal' signal getting triggered on our chart. This typically hints at a potential turnaround in the price trend. What's more encouraging? ADL finally pushing back above its 21-Day Moving Average (21-DMA). This signals that buying pressure might be outweighing selling pressure, further supporting the reversal. And let's not forget a push above the 50-DMA. Keep an eye out and trade safely! Check out my public posts!
SP:SPXLong
by bluesky509
4
🟩 Whaley Breadth Thrust Signal - SignPostsWhat can help us guide forward expectations? According to the Whaley Breadth Thrust Signal there is Normal and Abnormal action FIRST 6 WEEKS (end Feb) - 3-5% pullbacks would be normal FIRST 12 WEEKS (end Jul) - Forward Gains are approximate 12% - 5-6% pullback would be normal 6 MONTHS Forward - Forward Gains are approx +17% I HAVE MADE THE WHALEY BREADTH INDICATOR FREE FOR ANYONE WHO WANTS TO ACCESS IT. GRAB IT IN THIS LINK: JANUARY TRIFECTA after a down year - Forward Gains are approx. +28%
SP:SPXLong
by TintinTrading
1
🟨 Ned Davis - 3 Day Price Thrust The market triggered last week the Ned Davis 3 Day Price Thrust Trigger Indicator - indicator available in my profile. The Thrusts occur when the S&P 500 rises at least 1.5% for one day, at least 1.15% for a second day, and at least 1.5% on the third day. The record since 1970 is perfect one year later. However, the prior18 cases, ending in 1938, only show 11 out of 18 profitable one year later. We have backtested this for you and show you the result. Bare in mind that the FED is speaking this week, which always brings extra volatility.
Editors' picks
SP:SPXLong
by TintinTrading
21
Poor Result of Effort: A Sign Of Supply, Nat GasNatural Gas: The essence of techncial analysis (at least in my opinion) is ascertaining the ebb and flow of supply and demand. Natural Gas futures offers a great example of a market which, despite ultra-bullish headlines, displayed clear signs of strengthening supply/falling demand prior to breaking hard. The reduction of thrust or the declining net result of effort displayed in this chart as an important warning of impending change and is a pattern I always pay attention to. In this example: · Each successive thrust covers less new ground than the prior thrust: 76 points, 42 points, and finally 14 points. There is a clear reduction in the net result of the effort expended. This often appears as an arching over. · Each successive thrust is often at a reduced angle: 43, 30 and finally 20 degrees. · Each successive thrust often takes less time to accomplish. 14, 14, and finally 9 bars. But time is the least important of three measures. Since each thrust has less momentum. It’s not surprising that this would register as an ongoing divergence on a momentum oscillator like RSI. This particular pattern built over almost 2 months of trading (37 daily bars), allowing plenty of time to build a trading plan, either exiting if long or perhaps building a plan to build a short position around the decline. More reason to take the development of the pattern more seriously is found in the weekly chart (see the triple screen post linked below). In the example there are three successively steeper trend lines that roughly define the markets trend state. · I tend to be particularly attentive to these patterns after a third steeply pitched uptrend develops in the charts of higher degree. · The parabolic acceleration in the third leg often offers warning that the trend is moving into its late stages. · But, parabolic moves often last for extended periods and cover lots of ground. · I like to look for this pattern on standard scale as opposed to log scale charts. Log scale tends to hide the parabolic nature of the third leg. While others will argue over the efficacy of standard scale charts over long time periods and large moves, I clearly prefer non log scaling for this pattern. There was also an intermediate perspective warning in the RSI momentum divergence. Both patterns of are fractal, occurring across all markets and all time frames. The reduction of thrust pattern tends to display at tops rather than bottoms. Often, they show up well in the hourly charts. Note: I inadvertently used the MCX instead of the NYMEX futures. But there are no material differences in the patterns between the two Good Trading: Stewart Taylor, CMT Chartered Market Technician Shared content and posted charts are intended to be used for informational and educational purposes only. The CMT Association does not offer, and this information shall not be understood or construed as, financial advice or investment recommendations. The information provided is not a substitute for advice from an investment professional. The CMT Association does not accept liability for any financial loss or damage our audience may incur.
Editors' picks
MCX:NATURALGAS1!Education
by CMT_Association
11
GBPUSD Weak as my grandmother. 1. Supply coming in: up bar wide spread with high-ultra high volume closing off the highs of the bar follow by a down bar that confirms this weakness (2). 3. No demand bar: up bar with average-wide spread closing off the highs with less volume than the previous 3 bars, this signal needs to be confirmed with a down bar. 4. Trap up move: down bar with super wide spread, clossing off the lows with high volume, may some demand enter in this bar, but you will know it if the next bar closes high. 5. Gotcha bar: down bar with ultra wide spread, closing at the lows or near the lows of the bar with ultra high volume, this bar confirms the weakness of the previous bar, and, confirm the weakness of the sequencial of 1 and 3 signals. 6. Stopping volume: up bar closin at the highs or near the highs with high-ultra high volume, this bar confirms that may there is some demand in the previous bar, but you need confirmation. 7. Supply coming in: down bar closing on the lows of the bar, with high volume. This bar says: if there is some demand in the previous bar, why i close at the lows? because the market is weak. 8-9. Test's: down bars with average-narrow spread closing at the lows-near the lows with volume less than the previous 5 bars. The second test is seeing after a gap so if it confirms, may we have some demand in the market. (The next bar is up but with low volume, so, the tests doesnt confirm). 10. Up-thrust. Down bar that is marked up at the beginning of the bar to close down, average-wide spread with average volume, this confirms the weakness of the failed test (9). 11. Up-thrust (my favorite in this chart). Down bar that is marked up at the beginning of the bar to close down, average-wide spread with average volume, this bar confirms that the market even in over-sold state, will not go up because there is weakness. This signal is seen in a zone of previous weakness (signals 5, 8-9, 10) so you can assume that the market will not go up until demand in form of test's or no supply-shake out take place. 12. Bottoms reversal. Down bar, ultra high-volume, wide spread closing at or near the lows followed by a up bar wide spread closing at or near the highs confirms demand in the previous bar (the down bar). This signal need confirmation (up bar with average-high volume) but how can see, the next bar is a narrow spread bar with volume less than the previous 5-6 bars. 13. Test. down bars with average-narrow spread closing at the lows-near the lows with volume less than the previous 2 bars. 14. Potentional climatic action or gotcha bar. Down bar with wide spread closing at the lows with ultra high volume. This bar take place and closes lower than all of the bar seen before it. So you can assume that if the next bar is down, this bar shows that smart money is selling. To take a short trade: wait until the next bar closes, if this closes down (for the time of now, the bar looks like a up-thrust, that is a signal to go short) and it breaks the support line of the previous bar, you can scalp or trade in this timeframe to the short side. I prefer to scalp the market when i see a up thrust, no demand, supply coming in after the breakout of the support line. This methodology is purely VSA. Sorry for my bad english, im'not a native speaker.
Short
by DylanMartinez
1
Long SUNE: Entry at Thrust Target Through Completion of (iv)On the daily TF, we are in the midst of the fifth and final wave of an expanding ending diagonal, counted as C of an ABC zig-zag correction. The monster buying opportunity will be at the completion of this C wave, however, we may be presented with a short term long opportunity with a R/R of 8.5. The current count is wave-b-of-(c) in a potential flat correction which may complete the fourth wave corrective structure in the last leg of the ending diagonal of C. The triangle thrust is confluent with AB=.618CD and is supported by wave-iii low, so a tight stop is not unreasonable here. There will be two targets, one at (a)=(c), which is conservative, and another at the more aggressive yet probable fourth wave terminus at (a)=1.5(c) in previous fourth wave territory. If the trade triggers and travels to target, I will not be taking a short position but instead will wait for C to complete for a long term buy-and-hold.
SLong
by glennmercer
1