Anyone can do the job when things are going right, in this bussines we play for keeps. - Ernest K. Gann So, i was looking at SPY today, and was thinking like, how the HECK did we get up here... So i turned my chart to the monthly timeframe and zoomed out all the way till i could see back till 1993, which i considered funny as that is even 2 years before i was...
Anyone can do the job when things are going right, in this bussines we play for keeps. - Ernest K. Gann So, i was looking at SPY today, and was thinking like, how the HECK did we get up here... So i turned my chart to the monthly timeframe and zoomed out all the way till i could see back till 1993, which i considered funny as that is even 2 years before i was...
Just a idea based on a possible elliot waves / fibonacci chart. If we take the big move up weve had as a impulse wave, and after that see the second high as a wave B in a irregular flat elliot correction wave. which has a C of 1.236/1.618 from wave AB. this would be te outcome. aligning with fibbonaci levels, horizontal and diagonal support/resistance...
as shown a last chance to open a short with a relative small risk compared to the reward. im shorting this dude to the very lows. elliot wace 5 is in the making with a ending diagonal. more often then not these have a shake of on the upside followed by a big drop. do ur own DD. Shorting 58260 TPs allong the way down to 17K, closing early if i see signs of turn...
We had a breakout of the descending wedge and looks like we are backtesting our previous resistance as support. Long where u feel comfortable with a stoploss below the market structure. Target 1 is at 100$ which is the local top of the market structure. Target 2 is 1.382 Fib extension Target 3 is 1.618 Fib extension
( levels are taken from $ARBKF chart) Hi Fellow traders, here i share my trade setup on Argo Blockchain. So argo recently had an IPO on the NASDAQ. their shares were sold as $ARBK. As ARBK represents 10 $ARBKF shares, we can easily do the math and use the ARBKF chart as our ARBK chart. Here i will share the TA i did on ARBKF and i will add the ARBK chart with...
Hi Fellow traders, here i share my trade setup on Argo Blockchain. So argo recently had an IPO on the NASDAQ. their shares were sold as $ARBK. As ARBK represents 10 $ARBKF shares, we can easily do the math and use the ARBKF chart as our ARBK chart. Here i will share the TA i did on ARBKF and i will add the ARBK chart with those levels to make things easier. So,...
The dollar index already gave us the path it is following. Now with clear view on the waves and the current pattern its creating. Its giving clear signal of the path it is going to take. With the wedge as wave 4 and a small push to the upside to yet again prove the channel. We will see this one rise till 2030ish. again, check the previous posts to see it all add up.
A first addition to the previous post. We all know the cycle, now look at this and add up the USD index with it shortly.
Im calling it. Today is the beginning of a 7 year downtrend on the SPY (which is gonna take everything down with it). With it the dollar index is going to rise. I will post more and more charts backing this up. SPY will distribute till begin 2022ish. Then drop until 2030. Its the market Mega cycle. Weve had the accumulation and mark up phase. Prepare for mark...
Setup made, lets ride this. Look at the previous post for the back story and setup.
Hi Fellow traders! So, as weve created a clear chart pattern (Finally right ?) We can start to do some wild guessing on where the price is heading. To do so we need to look back at what we did and what happened. lets get started! So, march 2020. we have a bottom at around 3500$. Remember that moment when we first reached 10K again ? yeah ima count that as wave...
Hi! So the target point of a megaphone pattern AKA a broadening wedge pattern, is 60% of the pivot length on a bullish breakout. As shown in the chart, that point has been reached. People keep saying yes but we are in a leading diagonal, but IMO we cant say that. leading diagonals are extremely rare. i think the time of tanking is upon us. and maybe sooner then...
all info is given in the chart. Descending wedge coming to a end. starting a 5th impulse. invalidated if price goes below 20$ Entry and stoploss are given. Targets between 70$ and 100$.
As shown in the image above. Im assuming we are in a consolidation which is coming to an end. if it is indeed a bullish triangle, then targets are in the 650/800$ area. Stoplosses can be set below 100$ or for the more risky traders below 75$. indicators: 1. bullish triangles. 2. price targets for bullish breakouts 3. price targets for fibonacci exentions 3....
As show in the chart, XRP is at a point where it has to make a decision. Currently fighting for the weekly VWAP, 0.5 Fib and triangle. If it manages to win these levels i see great potential. .55 is a important level to conquer after that. If it wins that level, it would be the 3rd time it starts fighting 0.75. 3x on a resist or support level often breaks it...
chart says it. a 3 waver for another correction or a 5 impulse as the end of a correction. LONG
yeah so time cycles arent really my thing. ive given it a try haha lets see. 8 hours from now. 55.7K. we have our wedge as wave 2. wave 3 with a target of the 1.618 extension of 0 - 1 a retrace to the CC ( taken from a imaginary high of 57K ) from wave 3. and a end target of 57K ish from a harmonic. (not shown on chart). all retraces supported by a speed...