This seems too obvious to be true. But the facts are the facts. Besides the Run-Gap-Crap pattern, there is much more to recognize: Watch the grey up-sloping pitchfork: Price ran above the CL and now is pulling back, even closed below. This is a clear short signal. And it's in line with the yellow Mini-Pitchfork's CL too. Another tool I use often are the...
A Trader asked me, if I could show how I approach my analysis. And this is what this Video is about. At the end we even have a potential trade and definitely a chart to observe. What you will see is: - the big picture - swings - Andrews Pitchfork - the sine-wave pattern ...and even the classic Head & Shoulder, which reveille where the meat is. Let's start...
That's it - Game over IMO. It looks like we even loose the TL, after bouncing second time from the U-MLH. Target - of course - the Center Line.
It looks like my prior post is playing out. In this dayli chart, we see that price got rejected from the white L-MLH. And now is trading back into the red Fork. This means, chances are super high that Crude Oil will reach the red centerline. From there a bounce is possible. #pitchforksaresomehowmagic
Want to avoid unnecessary stops and find REAL market structure? Here's you can improve, hiding your stops, and identify a REAL turn in the current flow of price. Questions? Ask! #learntoearn
On this monthly chart we see the 0-5 count. In my framework, the framework of the pitchfork, a 0-5 count means, that whenever 5 is reached, there is a high potential for a turn in the opposite direction, starting a new 0-5 count. On the monthly chart we also see that the CL was reached, and price seems to get rejected. So far a nice combination with the 0-5...
I wrote many times about this. And I even posted this Video here on TV: Everybody expects a turn, a crash, or at least a bigger correction. Guess what...it's not ripe yet. Now, we never know when the REAL turn will come. IF it comes, then it will be a major turn. Not only in the Markets, but in the whole world for many reasons. (Read Armstrong Economics!). You...
Crude to $70? Am I completely out of my mind now? Well, some think yes...and me sometimes too when I do my TA. So what is this chart analysis trying to tell us here? Let's start with the white pitchfork: The white pitchfork on this chart projects a higher price in CL within it's boundaries. And there is also the dashed line, which we Forkers call the ...
So, here we are extended at the Upper-Medianline-Parallel. From here, BTC has to break through, or it will pull back, with a 80% chance to the CL (Cener-Line). This would align with the end of the pump in the indexes. RSI is overbought, also at extreme. Stalking a potential short.
XOM is super strong. I use my favorite tool, the pitchfork, to apply projections of price, filtering, find entries, exits etc. What many pitchfork traders don't understand is, that they can't just apply this tool to the chart. I see many doing it wrong anyways, which has to do with identifying the correct pivot/swing/pendulum swing points, and not being aware of...
Aside a fundamental disaster that EM joining the board, AND this company has nothing on the plate to make money, the TA screams at me to short this Vulture. Maybe it's not declining that steep like I have drawn, but I'm confident to make some doe to buy some Spaghetti §8-)
Here's the 1H view of the AAPL Short play. The target at the centerline around 162/168 if we follow the rules of the pitchfork. Don't jump the gun if you have not entered early. I expect a pullback and it could hit very hard to the upside. So one who's intention is to hop on the train has to be patient and prepared... Let's give it time and letting it play...
Prior major short signal: And here we are again I see a good risk/reward short here in the SP500. There is much more than in this chart, but this is already enough of confirmation that the market is taking a deeper breadth.
Here's a new view of AAPL. Taking the Big-Boy Swing into the pitchfork tea leafe analysis, then we see that a potential mean reversion begins today. The red pitchfork is a good projection for a potential target, of course at the CL. I'm nicely short and wait for a christmas gift in the second quarter of this year §8-) #whatgoesupmustcomedown
What a superb pattern. Since 2020 SLV proved to climb higher. Then from 2021 we see a consolidation until September. In November the pivot was already signaling a potential rise. And now in March we had the confirmation. I think, after this pump in the market, it's time to load the Boat. A free fundamental sign we got as a Bonus is the inversion of the...
So, here we have it once again. There's a TESLA whale, manipulation the stock higher and higher. Of course, the SEC lies in a coma since months (...borrowed from TheMaverickOfWallstreet on YT). How hard the stock is manipulated, it's a moving stock. And with anyhting that's moving, it underlies the rules of our world. One rule states, that everything fluctuate....
This is crazy. What's going on here? If the Bears can hold the price below the White Centerline, the next halt could be the Centerline of the Grey Pitchfork. Observation Hat on.
This is how retailers get washed & rinsed. Expanding Pivots (or Swings in higher TF's), can be a killer for your trading account! If you got cleaned today, print this picture and put it on your Monitor! This is one of my most hated and loved patterns. First it leads to losses...sometimes a couple in a row (...yes, I know, very frustrating). But then, when I...