GBPUSD continued

 A slight change in pivot A reveals superb price action in the ML 

 

 

 

 

GBPUSD

 Target 1.3550 which is the green centre ML. As you can see price has already poked it and fallen away. This time expect a higher high.

Emini Dow continued: perfect long entry on retouch of centre line

 

Watch the gap on 28157 (Dec 20) which i expect to be filled with US election this week. This equates to 3444 on ESZ20.

Emini Dow and equity markets

 

Please see previous post. This Median Line captures the frequency of current wave.

Emini Dow Dec 2020

 

Now we have a lower low and a lower high

DOW and SPX continued

UPDATE re SPX/ ESU20

https://medianlinetrader.blogspot.com/2020/09/dow-ymu20-continued-as-per-previous-post.html

 

 

 

 

 

UPDATE 10 Sep 2020

I showed you all these lines before. Look at previous posts. Check out reaction lines and also historical ML/pitchfork horizontal line that has provided SPX with support/resistance.

 I have added a lower time frame FNL ML including 2 sets of reaction lines

YM and SPX continued

Dow ( YMU20) continued as per previous post

UPDATE: ES and YM

Compare this with yesterdays same chart.... the lines never lie. High probability trade entries are more than possible in the coming days. YOU are living through a major market reversal but you do not yet realise it perhaps?

Dow... were on our way down!

https://www.youtube.com/watch?v=pxovMENJGOE

above: emini ESU20. I have removed all low time frame median lines. This may look simple but shows critical support in higher time frames. It is possible to construct a study in any time frame that reveals organic support and resistance. I refer to my previous studies over 10 years available here on the blog and also on my website: http://commodity-analysis.co.uk/

UPDATE

Its official. We are calling a top. Top of the gap( Dow) and top of end of the run on equities . Dow/NQ/ES

I would like to take this opportunity to say " Goodbye" to 3588 on SPX and 12433 on NASDQ and 29163 on Dow.

Gold."Nothing to see here.... Move along please"!... a healthy retracement cannot be rushed then $2300

SP+DJ+NQ..... the story continues.... the jury's still out.

Above seen 5 min time frame. The pitch fork (AKA Median Line) shows the relationship between 3 pivots A,B&C. Price has made its journey to the centre line.

Above is the same ML in the NASDAQ

 above: Back in the ESU20 look at the price action when it meets the line. Gap up,touch and fall away. Same behaviour can be observed 100's of times a day with hundreds of different sets of 3 pivots in multiple time frames.

 above: Here is the emini Dow. Look at the rejection after the touch/ kiss on the centre line.

 above: Here it is in lower time frame.

Above: Now we look at the bigger picture and multiple ML's.Note price has failed to reach the CL of the bigger ML: A/B/C. We are looking for short entries but nothing clear yet.

and here is the daily Dow. We really need a long candle to fall away from this upper M line. If it continues to hug the line it may burst/press through and up towards closing the gap. Noted on chart.

S&P... make or break

i have added equidistant channel that matches the piercing below the LMLP in March which is now reflected on our UMLP. The risk is a violent retracement from a potential double tops. Anyone who has had the time to watch the intense battle between 3350 and 3379 ( sept20) will agree it is painful to trade (Mea Culpa) and boring to watch. Wait for the break either way- up or down out of this infernal range. As much as i would like to see a perfect fall i think the jury is still out and knowing WS long metality this market could still make new highs. However the NASDAQ look peevish and the DJII very unsteady but remember we still have a major March CV GAP to fill on DOW.