AMEX:SPY is now at its support on the Weekly Chart. This support, around the $420 level, is the last major support before we would reach the next target (Pink Box). The Pink Box is the Median Line of the Downwards facing Orange Pitchfork. Alan Andrew's states that 'price has an 80% chance of reaching the latest median line'. In order to achieve that 80% rule,...
With price bounding on the lower parallel of the Green pitchfork and with a new, fresh, Median Line (White) pointing up and intersecting with the Green Median Line, & Wave Strength is at lower extreme, I think the DOW is going to rally after its most recent beat down. The timing could be slightly off, but I think we will see a market rally over the next few days -...
Price has closed below 3 Different Median Lines of 3 Different Pitchforks. Price tested (x2) the 62 EMA, rejected both times. Looks like the epic Bull Run is over. Time for a lot of Red.
$XRP #XRP 77% Chance of reaching the top of Pink Line after Wedge Break. Around $2.65. Could take a while to get there... Buckle up! Yellow Circle major resistance from Green Pitchfork. #XRPArmy #XRPHolders
Using technical analysis and leveraging the predictive power of Pitchforks, we have an overlay of Fibonacci and Pitchfork Warning Lines in an area for a potential reversal of the $DJI... This 'Energy Point' could be achieved in May 2021 (potentially). History repeats itself. See past bounces off the pitchfork over the years.
Utilizing a Traditional Pitchfork on a Weekly Chart for the DJI, the market has been steadily moving up and up and up since COVID-19 shut down the economy. Using Observations from Alan Andrew's, there is now an 80% chance of Price (at least) reaching the median, although when that might happen cannot be predicted (nor would I try). Obviously, the longer it takes...
80% Chance of Reaching the Median Line (per Alan Andrews). TAB29 Confirming the Top has occurred via a Harmonic Wave Convergence. There is no way to tell when the (potential) correction could reach the Median line, thereby making the retracement potentially larger as time progresses. If price closes above the Dashed line of the Pitchfork, then the downtrend will...
Using the Wedge Alerts from EAconomy's TraideCompass and combining it with New Paradigm tools like the Best-Fit Pitchfork and then adding my understanding of Waveology to enter TTP (To The Pip) and then watch as price continues in its down cycle. :) Gotta love new Paradigm Trading. Add me on Facebook @ Clay Waves if you want to connect further!
Stop playing around with Old Paradigm strategies and technology that are yielding flat or inconsistent results. I am teaching 3x a week, to thousands of people, how to master the Forex using precision technology (To The Pip!) to exploit the market. If you’re ready to get serious about switching to the New Paradigm of Trading that yields the most profit per pip...