I present the following simple technical analysis and see whether you also agree that the EURUSD reversal is confirmed. The market has turned away from the Support Line A1 A2 formed since Mac 2023. The recent price action formed a minor support line B1 and B2 and the current price is well above the said support line. X1 and X2 is Resistance line that can be...
It is common for trader who started selling short at A and has been enjoying good profit all the way down to B, feels aggressive and open more trades at B for Sell Short. But soon the market turns against him as shown in the yellow box. not known to the trader at the time of trading. Some technical analysis was used e.g. using trendlines, and it seems obvious...
The strong rebounds take place when the preceding trend, as shown by orange colour line, has completed its Elliott Wave pattern.
One of the challenges for the trader is to identify where and when is the bottom for Reversal of price action. If there are more room for decline and significant PIPs, then Sell Short and later at Reversal Buy Long. With the construction of trendline, Support and Resistance, Pitchfork and guided by Elliott Wave ABCDE, we can see the current price action in...
Based on modified Schiff Pitchfork. What do you think?
The note is given in the chart. If you familiar with technical analysis, you should relinquish your SVB shares more than 1 year ago.
This is my first attempt in currency trading. The key Technical Analysis tool used is Elliott Wave, supplemented by MACD, Stochastic indicator, Pitchfork and Gan Fann. Are you curious how I do that? Andrew
This is a Malaysian Stock (Public Bank) spanning 32 years. This is a monthly chart. The future price and time projection is based on a) Elliott Wave Theory b) Fibonacci Retracement c) Fibonacci Trend Based Timeline d) Andrew Pitchfork e) Gann Fan.
Current S&P China A 50 Index shows a big cup on a hourly chart. Will this lead to Cup & Handle Pattern formation for the bull to run again? We use a few time projection tools to derive at timing date at H1, H2 and H3, for us to monitor whether the emerging market will full fill such proposition. Are you curious how this assumption and projection are made?
Guided by the geometrical grid lines based on Fibonacci, Gann, Andrew Pitchfork, we make the projection of pull back as shown by the black arrow line, with the corresponding MACD and Stochastic movement. We will be watchful on the emerging market towards 18th July, 2022. Market behavior due to collective investors' psychic will follow the natura law of order...
Market Geometry is a fascinating phenomena. The philosophy and principle behind the Market Geometry is that there is Order, Symmetry, Harmony in the midst of complexity and chaos, as manifested by human behaviors in the market. This is another illustration of such phenomena using Gann Box to create market geometry. After creating Gann Box B1 to B4, we can make...
This is a weekly chart of a Malaysian stock, UMW as at 19th June 2022. From the Support and Resistance line derived from the volume profile, there is a possible bullish rise to 130%. However, much time is needed to realize such bullish rise. We make some construction on the market graph, the indicators such as MACD, Stochastic and CMF, we establish a timeline...
Major world events & KL Composite Index over 44 years. Major world events such as Black Monday : Aug-Dec 1987 US Recession : Aug-Sept 1990 Mexican Financial Crisis : Jan 1994-Jan 1995 Asian Financial Crisis : Feb 1997 – Sept 1998 Dotcom Bubble : Feb 2000 – Apr 2001 Sept 11, 2001 SARS : Apr 2002 – Mar 2003 Global Financial Crisis : Jan 2008 – Oct 2008 European...
This is Malaysia Kuala Lumpur Composite Index as @17th June, 2022. The market behavioral patterns are similar to any other market from the Technical Analysis point of view, using Integrated and Holistic Approach. A market graph looks chaotic but when some meaningful construction lines are made, you can see patterns and trends and make some projection into the...
This is an example of looking at a market from multiple angles. And it is important to do so, also. In this market analysis, I used Trendlines with specific tool Fibonacci Channels, Andrew Pitchfork. There are a few common indicators used e.g. Stochastic, MACD, CMF etc. What is of importance is adding in the Timeline cycles. From the above, we can make a...