A few days back, I noticed the cyan triangle pattern and I thought we would go down, but we didn't (glad that I didn't share it publicly :D). MMs never make it easy for you to predict the market, altho they have been repeating their bart patterns since 10k drop with slight variations. I think they divided the fractal into two parts and swapped them to make it a bit unpredictable. I give the yellow bart fractal 70% chance of repeating with slight varitions.
EMA20 is sliding down and its interaction with the price would be decisive for short term market direction. If we break above EMA20 (6970 as of now), we might enter a bullish period taking the price as high as 7400 and possibly even higher. This scenario is 30% likely IMHO.
Bearish signals: - Bearish Awesome Osc twin peak on 1h TF - Weak regular bear div on 1h to 4h RSI - Strong hidden bear div on 4h to daily RSI
Bullish Signals: - Regular bull div on daily VAPI - Regular bull div MACD 1d to 4d (see the linked TAs for more details on bull divs)
PS: I am thinking of creating a private channel for more frequent updates for day trading. I know all of you who have been consistently encouraging me and I will invite you to the channel if I made one. But I am worried that I would make wrong predictions and get you rekt instead of helping you. Perhaps, I will leave it for when I gain more confidence.
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Commento
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Commento
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So far, price is following the arrow. If the price follows yellow bart fractal, we should see a small squeeze up before going down to S1. So the target of first arrow might get delayed.
As expected, there was a delay in hitting the target of first arrow. Today's S1 was 6618 and we hit and bounced off of it. I am not sure if the price will continue as shown in the chart. So pls trade with caution.
Commento
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If there is EW truncation, why shouldn't there be bart pattern truncation? :D
Commento
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I have a surprise in this chart for you. Play the chart to see it for yourself. A hidden Illuminati target.
If you do a PRIVATE channel, I am sure you already KNOW I am all in. I think you just vet who goes into the private channel by creating an enrollment whereby they see and agree to a statement that buying and selling is THEIR RISK. Just make sure that you NEVER tell anyone when to buy or sell. What I recommend is that you make statements like such: Based on this chart, I am watching the price minute to minute. If price hits X then I will buy. Then AFTER you buy, you send an update that you bought or aborted the purchase. -- Reasons: in this manner you never told anyone to buy or sell and you identified what you thought would happen and then what you eventually did or did not do. THIS alone is a valuable teaching experience.. because we literally learn how you think.
cI8DH
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@TradeClass, That's a good idea. Thanks for your suggestions.
TradeClass
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@hkh222, You can also select AGREE if you like my idea.. LOL
d14b0ll0s
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@TradeClass, one good thing in that is that getting in and reporting it obliges the owner of the channel to make the deicision based on the TA himself, which is good for following one's own intuitions and analyses ... so, in other words, you should definitely do it, @hkh222!
TradeClass
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@d14b0ll0s, I'm a big fan of HKH. He does NOT suffer from the bloated ego that many TA pros have on this site. His analysis is excellent. My only cautionary is that TA is affected by price manipulation. The best TA can be foiled by extreme manipulation and unexpected market news.
d14b0ll0s
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@TradeClass, I know, we've all suffered from the latter in the recent weeks.. and definitely agreed re hkh! He should be TV's number 1. :-)