As time goes by, the markets evolve...
If your way of TA is strong, then the path will lead its way...
More visible, more probable:
' I’m trying to free your mind, Neo. But I can only show you the door. You’re the one that has to walk through it. '
~ Morpheus, The Matrix ~
With that having quoted, this is my way of keeping order in the chaos. I call it, "Pattern Formation Level(PFL)":
Alpha > Beta < Delta < Echo
(Yeah, I skipped Charlie... It just sounds cooler like this, right? ^^ )
Explanation PFL:
Current possible Delta patterns:
DT, but for now RBW
Current possible Echo patterns:
FW, FBC and shorter timeframes ST(/pennant).
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Today's Note:
I have added a bearish scenario trajectory, in case support won't hold in the $7.2K region. But if it does, then we could see a bullish breakout from the FW or at least a bullish reversal in the immediate term. If it doesn't my s/l will most probably get triggered, when it goes even further down.
The Echo patterns could be in a, "it's not a cave, but a huge monster!!", scenario. Although I reckon it's too soon to show this. But there is a monster of a bearish pattern forming and to make it even worse. This forming pattern could become a delta pattern, nullifying every current forming Echo patterns. Fortunately this monster needs more confirmation to become real. To be concluded...
Merry X-mas everyone
Current Target:
Exit long position / Entry short position target: $7.8K - $8K region.
--
If you don't want to miss out on any of my daily technical analysis. Then click or tap on follow and don't forget to smash on that like button ^^, thanks in advance.
In case you're wondering which indicator I'm using. She's called EMI, short for 'Epic Market Indicator' and she's a collection of diverse indicators. How to use, is in the description. You can use them like any other indicators. Search for 'epic market indicator' then add. I have recently published the latest versions. EMI 1 v3.0 & EMI 2 v2.0. Like any other instrument, practice makes perfect. If you have any input for EMI or questions about my way of TA(*Asian sound-effects*). Please leave a comment or DM me and I'll try to respond a.s.a.p. Be careful and good luck fellow traders, may the trend gods be with you!
If your way of TA is strong, then the path will lead its way...
More visible, more probable:
- Dashed lines; Possible forming patterns
- Solid lines; Confirmed patterns / support or resistance
- Dotted lines; Possible price-action trajectories / wave trend
' I’m trying to free your mind, Neo. But I can only show you the door. You’re the one that has to walk through it. '
~ Morpheus, The Matrix ~
With that having quoted, this is my way of keeping order in the chaos. I call it, "Pattern Formation Level(PFL)":
Alpha > Beta < Delta < Echo
(Yeah, I skipped Charlie... It just sounds cooler like this, right? ^^ )
Explanation PFL:
- Alpha; ST / Bullish Pennant pattern formation, a.k.a. "The End Game", a.k.a. "The Big Long". (Daily and higher timeframes)
- Beta; Most recent relevant and biggest forming pattern within The Alpha forming pattern. FW / DC. (4-12 hour timeframes)
- Delta; Most recent relevant forming patterns within The Beta pattern. (1-4 hour timeframes)
- Echo; You get the picture... (15min - 60min, timeframes)
Current possible Delta patterns:
DT, but for now RBW
Current possible Echo patterns:
FW, FBC and shorter timeframes ST(/pennant).
--
Today's Note:
I have added a bearish scenario trajectory, in case support won't hold in the $7.2K region. But if it does, then we could see a bullish breakout from the FW or at least a bullish reversal in the immediate term. If it doesn't my s/l will most probably get triggered, when it goes even further down.
The Echo patterns could be in a, "it's not a cave, but a huge monster!!", scenario. Although I reckon it's too soon to show this. But there is a monster of a bearish pattern forming and to make it even worse. This forming pattern could become a delta pattern, nullifying every current forming Echo patterns. Fortunately this monster needs more confirmation to become real. To be concluded...
Merry X-mas everyone
Current Target:
Exit long position / Entry short position target: $7.8K - $8K region.
--
If you don't want to miss out on any of my daily technical analysis. Then click or tap on follow and don't forget to smash on that like button ^^, thanks in advance.
In case you're wondering which indicator I'm using. She's called EMI, short for 'Epic Market Indicator' and she's a collection of diverse indicators. How to use, is in the description. You can use them like any other indicators. Search for 'epic market indicator' then add. I have recently published the latest versions. EMI 1 v3.0 & EMI 2 v2.0. Like any other instrument, practice makes perfect. If you have any input for EMI or questions about my way of TA(*Asian sound-effects*). Please leave a comment or DM me and I'll try to respond a.s.a.p. Be careful and good luck fellow traders, may the trend gods be with you!
Yorum:
Wich way will it go, looking bullish though.
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Could wick down then breakout upside or simply bash through support.
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Approaching an apex in the shorter terms.
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Forming DT could be a real party pooper...
Yorum:
We've seen patterns likes these breaking out to the downside, regardless of its higher probability of bullish breakout. However, it can still find support. If it holds, prepare for possible pump.
Yorum:
Usually trading during holidays are quite boring, but currently it's far from boring.
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Yorum:
Looking pretty, long position still open ^^.
Yorum:
PUMP IT BABY! GO BULLS! Gives us a x-mas to remember!
Yorum:
Waiting for EMI to give a green X signal in the 30min charts, which can be a signal for more upwards movement.
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