Fwry Pitch Fork
The technical indicator known as Andrews Pitchfork is not that well known and is rarely used by novice traders. However, it is a quick and easy way for traders to identify possible levels of support and resistance for an asset's price. It is created by placing three points at the end of previous trends and then drawing a line from the first point that runs through the midpoint of the other two points. The reason this indicator is called a "pitchfork" becomes apparent from the shape that is created in the chart.
Fib Channel
The Fibonacci channel is a technical analysis tool that is used to estimate support and resistance levels based on the Fibonacci numbers. It is a variation of the Fibonacci retracement tool, except with the channel the lines run diagonally rather than horizontally.
Mixing Both and having some Trends to let the price walks on...
At the end ....
Dance With me.
Best Regards.
Lift Slab analysisBreaking 0.306 L.E most probable will change the behavior to uptrend
Other Resistances 0.32 , 0.35, 0.4 ,0.45, 0.56
TRADING IN A NUTSHELLThis demonstration shows how the market generally behaves and how to trade these behaviors,
It represents the main two states of the market "stable state" and "trending state",
In this figure, you can get an idea of how and where to enter the market and how and where to exit,
You can also understand that each market state should have its own trading style,
I hope ideas like these inspire you and help you trade better.
Esrs will go down in the near futureThe momentum and the technical shows that it will go down to 14.25 egp as I think, and if it crossover it it probably go more down this is for the short term (1h and 4h chart) .This is not a financial advice. It's just my opinion.
Thanks
ROTO Road MapHello Dear Friends,
Targets 24 and 26.
but the Bearish Scenario ?
2 Scenarios Roto might Dump Next Trading day, or at 8/12/2021
Correcting to "0.618 fib at 14.97" from the low to todays high would be a good entry with a small stop loss under the green line.
If failed to hold wait for double bottom around 10.6 to 10.3
>>
next day dump based on TD sequential Count of TD9.
what if ROTO didn't respect TD9?? it can count up to 13 candle. which would be 8TH of December.
Gann 315 level was at 10.3~. price went shy and silly and just went to 10.6 .
Any questions feel free!
wish Good Luck for Everyone.