Fullmoonfever
Top 20
Needs support here or descending triangle could come into play.
Technical Analysis
- Thread starter Vojnovic
- Start date
Fantastic sub wave 1 up action from 14.5c - 53.7 ( 2.6 bags up ), now the corrective phase playing out, usually 50/61 fib is the reversal on average for wave 2 down but can go lower depending on the macro / sentiment, which is where SP stands now, needs to hold , or 78 fib 22c comes to play, all indicators negative atm.
The next 4C will tell a tale.
imo
Pom down under
Top 20
With us now sitting at support on 0.22 with the next level at 0.19 followed by 0.13, I might take a gamble and reduce my order price from 0.2 to 0.16 . Any thoughts anyone?
Ethinvestor
Regular
Fullmoonfever
Top 20
Just a quick Ichimoku chart thought though I use other charts too for other indicators in conjunction with this one.
Always looks like a lot going on but the basics of Ichimoku are not too complex but won't get into it too much as not time at the mo.
Suffice to say the Kumo (cloud) has thinned which is good as provides less resist (thicker is more resist to get through or to consolidate within or reject). Kumo twist which is the bottom green line crossing the upper red line (Senkou A & B) indicates bullish or bearish (bearish still currently).
Flat tops have a habit of attracting price for retests if get a break out.
There are other nuances with Tenkan, Kijun & Chikou crosses, price crosses on them etc but won't get into now.
Mixed bag on the table summary hence the consolidation status at this point. Kumo BO & Twist strong bearish due to their current positions but won't take much to reverse those if a bit of solid price action continues.
Overall trhe current move is testing supply imo. We will see whether that overwhelms the buyers & we get a rejection to consolidate again before another attempt.
Genral rule of thumb is distribution occurs on large price runs cumlminating in a buying climax (Feb / Mar) then rolls over to reverse (downtrend) and accumulation occurs at the bottom till a selling climax (I get the feeling this may have been the action in Aug) then starts over again. This is how SM play the game.
Always looks like a lot going on but the basics of Ichimoku are not too complex but won't get into it too much as not time at the mo.
Suffice to say the Kumo (cloud) has thinned which is good as provides less resist (thicker is more resist to get through or to consolidate within or reject). Kumo twist which is the bottom green line crossing the upper red line (Senkou A & B) indicates bullish or bearish (bearish still currently).
Flat tops have a habit of attracting price for retests if get a break out.
There are other nuances with Tenkan, Kijun & Chikou crosses, price crosses on them etc but won't get into now.
Mixed bag on the table summary hence the consolidation status at this point. Kumo BO & Twist strong bearish due to their current positions but won't take much to reverse those if a bit of solid price action continues.
Overall trhe current move is testing supply imo. We will see whether that overwhelms the buyers & we get a rejection to consolidate again before another attempt.
Genral rule of thumb is distribution occurs on large price runs cumlminating in a buying climax (Feb / Mar) then rolls over to reverse (downtrend) and accumulation occurs at the bottom till a selling climax (I get the feeling this may have been the action in Aug) then starts over again. This is how SM play the game.
Fullmoonfever
Top 20
Just update to today of prev post above with another chart that shows some other indicators I use incl supp / resist.
Fullmoonfever
Top 20
Haven't had chance to review my normal charts on laptop but here is what I am watching for tomorrow from quick snip on phone.
The third candle (tomorrow's) will be important in this potential 3 candle pattern for failure or completion.
Today's chart:
What it could mean if completes:
The third candle (tomorrow's) will be important in this potential 3 candle pattern for failure or completion.
Today's chart:
What it could mean if completes:
In the interest of personal development, does this 3 candle formation mean the end of the run?
Fullmoonfever
Top 20
Hi Flenton.
One example of an explanation is in the link.
Essentially if it completes it means bears are getting back some control and could stall the upmove, reverse and SP will look for support again with bulls hopefully starting again.
Obviously, any decent Ann's affect TA as well.
41 Candlestick Patterns Explained With Examples - Living From Trading
Learn about all the trading candlestick patterns that exist: bullish, bearish, reversal, continuation and indecision with examples and explanation.
www.livingfromtrading.com
Fullmoonfever
Top 20
For those that like to investigate patterns, candlesticks etc.
Thought I'd post this site as it's a very good reference.
Thought I'd post this site as it's a very good reference.
ThePatternSite.com
ThePatternSite.com is internationally known author and trader Thomas Bulkowski's FREE website for research on chart patterns, candlesticks, and much more!
thepatternsite.com
Learning
Learning to the Top 🕵♂️
So it finished flat as yesterday candle, @Fullmoonfever, what is your interpretation? Cheer.
Learning
Fullmoonfever
Top 20
Hi Learning.So it finished flat as yesterday candle, @Fullmoonfever, what is your interpretation? Cheer.
View attachment 70364
Learning
In a word...indecision.
That's a doji today where neither bulls nor bears got the sway and ends up in equilibrium.
So, technically the 3 inside down pattern didn't confirm as textbook today which is good (they got close & it's not an exact science to the pip but intentions are clear) however we have seen the lows getting pressured each day so def bears working at it.
Was pushed back down today towards a prev supp zone (round 20 +/-) and held for the mo.
Not out of the woods yet imo.
Fullmoonfever
Top 20
A site I've used in the past & had forgotten about but checked it this morn flagged the potential expansion move on its EOD alerts from Fri.
Now bookmarked haha.
Intraday flags so far
Now bookmarked haha.
Intraday flags so far
My inexperienced TA is showing very positive signs with my key indicators heading in the right direction.
This increase feels different to the others. It seems more controlled and there seems to be more mentions of Akida by connected people eg Senior Software cloud engineer at Apple (thanks amazing forum members for sharing your finds) and it feels like the tide is turning. My bones tell me something has started brewing.
I've been fooled by emotions before with Brainchip so it won't surprise me if I'm fooled again.
This increase feels different to the others. It seems more controlled and there seems to be more mentions of Akida by connected people eg Senior Software cloud engineer at Apple (thanks amazing forum members for sharing your finds) and it feels like the tide is turning. My bones tell me something has started brewing.
I've been fooled by emotions before with Brainchip so it won't surprise me if I'm fooled again.
Ethinvestor
Regular
whats the link for apple ? Thx
Deadpool
Did someone say KFC
Hi @Ethinvestor,
@IloveLamp posted this yesterday.
Neuromorphic Computing: The AI Revolution Investors Can’t Ignore by Trendvesting: Looking at Macro Ecnomic and Tech Shifts in the Market
Are you ready for the next big thing in tech investments? In this episode of Trend Vesting, host Tim Urista dives into the groundbreaking world of neuromorphic computing. Discover how brain-inspired chips could reshape AI, lower power consumption, and drive a new wave of innovation. Tim breaks...
podcasters.spotify.com
Attachments
-
1000018812.jpg
398.9 KB · Views: 75
The opinions and research I share are my own and I am not licensed. External links are not recommended. To be safe, conduct your own research or seek advice from a licensed financial advisor.
Stock Disclosure:
Held.
Similar threads
