Friday 3 November 2023
Wednesday 4 August 2021
Thursday 29 July 2021
Monday 12 July 2021
Monday 5 July 2021
Gold continued................Simples!
Simple study with one pitchfork and reaction lines and one sliding parallel. stunning entry! Now we must also understand line co location. The position of the reaction line in the daily chart shows it is not in immediate contact with price action but if you drop down to the 4 hour chart you see a perfect correlation with price and the recent fall after the centre line was pierced. I expect a break upwards but we may yet fail on first attempt and see price retouch supporting lines ( LMLP 1784 and SP 1756) before bouncing. REMEMBER: once you have chosen your 3 pivots for the ML (Andrews pitchfork) and add the custom indicator all other lines ( reaction lines and warning lines and sliding parallels etc) are all drawn automatically and you cannot move them manually.
Monday 21 June 2021
Friday 18 June 2021
Tuesday, 11 May 2021 Trouble in Paradise........... price action confirms high probability of equity market reversal point...... continued
I have been watching closely since May ( see previous posts) and today Friday 18 June we are seeing major option and futures expiry. The markets are turning over and heading south. Have a look at these charts.
DOW STUDY
Other equity futures and gold.
Tuesday 11 May 2021
Trouble in Paradise........... price action confirms high probability of equity market reversal point...... continued
same median lines as in previous posts but with small adjustment in the emini Dow top pivot ( see previous posts)
Wednesday 5 May 2021
Tuesday 4 May 2021
Trouble in paradise continued continued
Gold making its way up to test 1800
all above are from yesterday 3rd May 2021
Below are today's confirming charts showing price action- same Median Lines/Pitchforks and reaction lines as i drew on charts weeks ago. Look at price action against the lines! Todays move confirms our trade entry. Look at the "waterfall" stochastics ribbons in the daily ESM1 chart and also the MACD showing lower high against price making painful higher highs at the end of last week.
The Non Farm Payrolls for April are out on Friday May 7th! That's in 3 days. Looking to see price rally tomorrow and then dump down Thursday & Friday. Our objective is the centre lines seen in previous posts with same heading ( Trouble in paradise) and the big gap 4015-4020 ESM1.