thecharttechnician

thecharttechnician

Completed TOP(Top Pattern) in Blue Box and a down target calculation from it as shown on the chart may suggest a formation of a congestion/trading range at current levels and a halt/stop to the current down move. Congestions can either be an accumulation or distribution patterns. Interesting to see which(accumulation or distribution) forms over the months ahead...

thecharttechnician

If the $7.38 Climax Rally High is penetrated, next level to watch is $10 ! Anticipated short term movement to the upside is shown with a trend channel. Awaiting further short stops to be hit soon ! This analysis is not a financial advise.

thecharttechnician

This analysis complements all my prior posts of A2M.It shows what may be used as a trigger in real time (A Bullish Pivot Point confirmation) ! Watching the upper of the congestion now. Link at Morningstar below also worth looking at. app.elq.morningstar.com.au This analysis is for educational purposes only showing the confirmed Bullish Pivot Point...

thecharttechnician

I have dissected the price action behaviour into two boxes as shown as Box of Tricks 1 and Box of Tricks 2. Why ? When the previously posted PnF chart Price Target met, it alerted me to a potential end of the down move. No different than that of A2M chart! Now, If one studies the first box(Box of Tricks 1), break below the support and continuation of the down...

thecharttechnician

This is to demonstrate the educational side of the PnF charting in terms of bearish price objective calculation. Bearish count taken from the high pole and calculation from it is shown on the chart. It(Bearish Price Objective) has been met today(29/09/2021)! Let's now wait and see if the decline will halt at current levels ? This analysis is for educational purposes only.

thecharttechnician

It is important to know that the MAJOR TREND is still DOWN with obvious change in MEDIUM TERM TREND from DOWN to CONGESTION/TRADING RANGE where our analysis kicks off. A real time study for those of us who may be interested in uncovering the motives of the smart money on display with A2M. Boundaries as marked with the CLIMAX/EXHAUSTION LOW followed by CLMAX RALLY...

thecharttechnician

With the must hold price support as marked on the chart, can Telstra test the zone of $5.30 over the months ahead ? Me thinks so, if we see the anticipated major upside breakout. Keep an eye on Moving average cross-overs for an entry as well as exit. The moving average x overs is worth studying on this chart. Watch for the fundamental upgrades forthcoming...

thecharttechnician

Almost completed accumulation pattern with an imminent major upside breakout pending may best describe the current pattern/price action behaviour. Completion of the pattern will change the major trend to a long awaited bull run. Monthly close below the 12 period simple moving average will trigger a close long signal if and when on hand. For now, sit tight and...

thecharttechnician

Due to the nature of the charting type (PnF 3 Box H/L with box size of 10 Cents) in use, we now have an established LOW POLE VERTICAL COUNT, yielding a bullish target of $11.30 which is valid but not active at this stage. Target can also increase between know and activation trigger. Potential V reversal and a new major bull run with A2M is still on the cards as...

thecharttechnician

Long term monthly chart of the mighty Telstra with an analysis view of several years. One may call this medium/long term investing. While back (few years ago) I have published the Telstra chart in anticipation of a medium/long term accumulation which has been in effect since selling climax low which was followed by sharp and decisive climax rally thereafter....

thecharttechnician

Completed top and an active and valid point & figure bearish count as shown. Will it be met ? This chart is primarily used to anticipate the extend of the move after a completion of a pattern. It is not used for any signals must also be said.

thecharttechnician

This analysis is for educational purposes only. With the demolished down trendline/supply line, bringing the major downtrend to a halt/stop, potential long term accumulation is now considered to be in effect. See chart for further simplified notes/analysis.

thecharttechnician

Notes for the analysis which is for educational purposes only. What is the major trend ? Down & Strong. What did the previously posted Point and Figure chart suggest with it's bearish target ? Possible end to the current major down trend at around $5.00 ! We will see the accuracy of the Point and Figure target over the weeks ahead. It is an estimate and a...

thecharttechnician

Bearish price objective as shown on the chat is for educational purposes only. Now, looking for a climactic price action behaviour and a sharp counter trend rally thereafter.

thecharttechnician

First I urge you to look at a weekly candle/bar chart of the commodity. Can you see the strong bearish reversal candle/bar ? This suggests correction in the short term is upon us. To early to forecast the magnitude of this correction which may even turn out to be major trend reversal. More data is required for this. Fact that the price action is at a significant...

thecharttechnician

ABC correction is what may be unfolding with ORG and C target is shown on the chart @ $6.72. Will it be met or even exceeded ?

thecharttechnician

All analysis shown on the chart is for educational purposes only.

thecharttechnician

High Pole formation(high pole be seen as a short term reversal ) within a major uptrend with price as well as 45 degree trendline supports holding nicely best describes this beast. Watch the first price support as well as the 45 degree up trendline from here on for further potential weakness. As long as the trendline holds NDX is a charging bull...