How does this look? Yep, I’m stalking a Long, just like in Gold (check out my latest Gold post). With the price sitting at the Center-Line, it might drop a bit further to the Shift-Line. Or, it could start climbing today. For me, this is a "building a position" scenario. Buy… wait… buy more when the price confirms my projection. Or bail out if it...
In the S&P 500, we observe a very similar scenario to the Nasdaq (see link to the NQ chart). It’s worth noting that we’ve seen this situation a few times before: the price traded outside the orange fork, moved back into the fork, but then left behind a "Hagopian" and shot back above it. This is irrational market behavior caused by artificial buying pressure...
It hasn’t made any sense for a long time now how the markets keep climbing. Manipulation? Self-perpetuation? Honestly, who cares why. As the saying goes: “The dwarves dug too deep. And what they unearthed was their doom.” Or, in another version: “The greedy vultures flew too high, and all they found was gravity.” In the chart, we see two pitchforks: ...
Every now and then, I like to say that greed eats brains for breakfast. In the case of MSTR, though, it seems to have state approval to do so. How else could MSTR still be kicking? There’s nothing to chart here. Nada. Zip. This is pure pump-and-dump economics born out of the "perfect storm" of circumstances. Fast money? Sure, it's fast—but definitely not...
Price is back to balance at the Center-Line. From here we have a 50/50 chance that it will either shoot through it, or turn and trade in the opposite direction. My bias is short because of the overall market situation. (Partial) Target is the GAP-Fill at the L-MLH, which a Stop I can afford and not even think about it when it get hit.
The markets are beyond stretched—they’re squeezed all the way to the moon. Today, I heard some major news: Big Money has already left the party, and others are following suit. This is HUGE. It’s also that classic moment when the barber starts sharing his “secret” stock tips. Now, if you pair this with my recent Bitcoin post—where I outlined how a tulip-like...
Price bounced many times at the Green Support-Zone. It's the same level where the Huge Pendulums Fork Center-Line is (white-dashed). Next, we have the Yellow Fork. Price traded outside the L-MLH, bounced a couple times at the Support-Zone and eat up time. But now, I think the "Plate" is almost empty. Why? Price arrived at a decision point, a confluence point....
The **Tulip Mania** of the 1630s was the original bubble—and it was as absurd as it was dramatic. Picture this: a single tulip bulb sold for the price of a luxurious Amsterdam townhouse. Traders flipped tulips like hotcakes, fortunes were made overnight, and the humble flower became a symbol of outrageous wealth and speculation. Then, in February 1637, the fever...
Now that's a heck of a stretch. Price has reached the U-MLH of the white Pitchfork and is nearing the yellow Center-Line. What's it mean? White U-MLH = Upper Extreme Yellow CL = Price got back to balance, in the context of the yellow path/traction. All this means, that the Air get's very, very thin! Waiting for a short Signal with a target back to the white CL...
Now THIS is a heck of a scary pullback! But the sime time, for me it's a gift from the trading God to Enter/Re-Enter with a start position, if not already in. Price got rejected at the 1/4 line, which I find it does often. But this doesn't mean that the party is over. The Pitchfork/Medianlines give us the projection in time. And the white Pitchfork is pointing...
As in my last post "Arguments For Bulls" I do my Analysis for NVDA with eyes of a Bear. We see the red down sloping Pendulum Swing Pitchfork. Because the A-Point is LOWER than the C Point, it's a Pullback Fork that would give us the potential downfall target at the Center-Line, before the Pendulum of price would swing to the upside again. - the "Trend Barrier...
That's a ...ummmhh..surprise at least. And it's crazy. I never thought this could happen. But we better shall believe, that ECH - Everything Can Happen! So, is the target reached for 2024? Nobody knows, right? But, I start to further close positions and take my profits in these Index and the correlating Markets. Don't let Greed eat your Brain §8-) As for my...
The open was above the Center-Line and everything else lined up nicely. To me this is a fair Long, with a good Stop below the last MoMo Candle. I like to take partial profits, so I have two in this case. The first at the 1/4 line, since price has a tendency to bounce there. The second one is the Upper-Medianline-Parallel (U-MLH). Let the fireworks begin
Just drawing in a relaxed state can uncover new insights. I learn this decades ago, and it is very valuable to me. Maybe it helps you too, when you do your Zen Chart Work §8-)
The Pendulum Fork gives us good context of where Major Upper and Lower extremes are in this picture. The rejection at the L-MLH is really a Tell, and should not be ignored then. Multiple opportunities there to go Short. Then a small slanted support came into play, which also gives us another chance for a short. Potential Targets are displayed by the yellow Arrows.
Price reached the Center-Line and is back to Balance. From here it could jump above the CL or get rejected and turn south. I would stalk a short in the Weekly/Daily time-frame.
The L-MLH is a most likely support. This support is breached in Copper, and a fllow through would indicate way lower prices. What I really like in this Chart is the tiny pullback to the L-MLH, since this is totally expected after a breach of it. Arrows mark potential targets.
There are just too many signs to not take a Short in META. - failed to reach the Warning-Line. - massive resistance - breach of the Trend-Barrier - insanely overextended Potential (partial) targets are the - U-MLH - Orange CL - White CL - L-MLH of both May Santa be with us §8-)