Same chart, but with an added origin point in green. Notice how well these radiating trend lines meet the graph. What's going on here?
Can anyone explain what underlying technical analysis principals define a pattern like this? Please explore this chart from present to past and let me know what you think. The origin point for this "radial scaffolding" is at $7,510.00 (2017-11-14 17:00:00). If you draw a trend line from that point through the chart history, you'll often find many matching points...
Trend Lines seem to be supporting the price very well right now so could be a good buy! Be careful though as some people believe that oil is just hyped up right now.
There are few commodities that move as beautifully as silver. Hoping for a new bounce and looking to short. Look for bearish candlestick formations where the trend lines meet the important fibonacci levels.
Pending Call Option EOD Prices should reach the median line on a regular basis during an uptrend by EOD
At this point I would expect a buyers "trap" around the area where the TC was activated (Blue arrow), in this order of ideas if the price is unable to keep pushing higher I would be looking to take a short position, off course based on the price action
The price has an acceleration to the downside and in the most immediate context the price fits its price action within the boundaries of a TC, therefore if the price breaks the TC then a short could be triggered, looking for a continuation of the downtrend
Description in the chart *1) Overall context: Down trend (Lower Lows and Lower Highs- Red lines)
Annotations on the chart. This is an update of my last chart "Anticipatory layout with important trend lines, levels, time fibs"
I like the idea of plotting the entire quarter around the price action so you can see where the stock is during the beginning and end of a quarter and how the quarters stack up against each other. Then I noticed that a trendline across the top right corner of the quarter gave an interesting price level and then kept drawing them. Notice they are somewhat...