Here is an interesting perspective - if you're familiar with pitchforks and parallel channels and how to appropriately use them, here I'm using the similar knowledge of that mixed with parallel channels to create this. Pay close attention to the circles and how many times it entered that channel and broke out. A trading channel is drawn using parallel lines that...
Here is my outlook on GOLD with a cup and handle and the possible directions and levels GOLD may hit. The flag may break out above with a nice bullish break out above or a handle that would validate the Trendline for a third hit. KEEPING IN MIND the WHITE support / resistance level is a MONTHLY LEVEL. Red are daily support / resistance. Blue is weekly. OANDA:XAUUSD
The fibo there is critical and as you can tell the 50% fibo didn't hold and hit my POC - point of control level in aqua blue. The red horizontal lines are daily support / resistance while aqua blue are POC levels. Do note the dotted trend line is a weekly TL and a hit on that would be a third bounce if it holds. With FOMC coming next week this weekend and next...
NYSE:BA As you can see I have a traditional pitchfork with extended projections. Those are possible targets.
TSLA - Long as you can see tsla has gone up a bit. See my chart for key levels. NASDAQ:TSLA
NYSE:BAC Here you can see the move has already begun on the 30M chart with a nice hit on the daily trendline u see at bottom. It may break over tomorrow or give us a nice entry if it opens down tomorrow. Stay tuned.
We already formed bullish divergence and another may form if we open lower tomorrow with a potential 3rd bounce on TL for the push up. I'd keep my eyes peeled open on this one and other banks. NYSE:BAC
This is another great best fit gold fork with great qualified hits and great addition if you use forks already. *this is not a trade recommendation. You're responsible for your own trades. Do your own analysis.
Here you find an excellent best fit fork on us30 / dow jones that has played excellently. I posted it elsewhere, but here you see how it has played out. With the daily wave 3 projections you can see how it has a nice to the hit wick which was also a warning line on fork. Thus created a powerful energy point for a sell. Thus far it has continued to play well.
Here I'm showcasing the power of applying 3Dimensional charting to level up your game as a trader. You can see how price confirms a turnover with the 156ema and when it retraces it does / may hit the 3D emas confirming a turnover. This is somewhat advanced trading. If you understand the power of 3D charting, then this way of application is powerful to use.
Great tool that identifies changing trends, breakouts, and trading opportunities in the price of an asset by combining two groups of moving averages (MA) with different time periods. There is a short-term group of MAs, and a long-term group of MA. Here in the image I'm showing the slow MAs and 2 of the fast MAs. -When the short-term group of averages moves above...