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Fisher

CFX - 🚩 Flying High: Unveiling the Bullish Flag Formation 📈🚀On the weekly chart, CFX displays a promising bull flag formation. In the long term, it resembles a head and shoulders pattern around 0.09, with a favorable risk-reward profile. There are two resistance ladders on KDJ and Fisher indicators that need to be surpassed. The projected path is shown in black. The bull flag setup remains intact, even potentially retracing to the 0.07c area. PS Notice the green highlights on indicators.
Long
by PIKandExmoStudy
TSLA Due for a pullback ?TSLA here in on a 30-minute chart. It is in a channel that has as its basis the 42 ( 7x6) EMA with the upper and lower bands the 2.618 Fibonacci extensions of the basis value. Accordingly when hitting the lower band, there is a high probability of reversal to trending up. Conversely, when hitting the upper band, the price is highly probable to reverse into trending down. Here TLSA is actually outside that Fibonacci band and getting closer to the absent 4.33 band TSLA rose more than 5% in the last trading day. Reversion to the mean may apply. The True Strength Index indicator shows a cross about to occur in the supply /resistance zone a confirmation expectant for a reversal. Similarly, the Fisher transform shows the signal and mean lines crossing and inflecting into a negative slope at the top red line. In the immediate term history, TSLA ran up on Thursday 4/27 / Friday 4/28 hit the upper Fibonnaci band and dropped after the weekend. I can see this as repeating Aside from mathematics from the all-important trader psychology side of things, a large # of traders are up on their position having made it through some downward price action and then reaccumulation. It is now time to take full or partial profits and close some positions In the meanwhile, short sellers can see the rise in the last trading session as a pullback in the trend down and time being ripe to add to their position. Other short sellers might liquidate and in doing so hold TSLA's price steady in buying to cover. I can't see the psychology underway. I can however see the indicators and the mathematics that is their foundation. I will take a trade of put options expiring 5/19 at a strike of $175. I will watch for a reversal of the reversal mid to late week and upon seeing it take a partial profit and hold the rest.
NASDAQ:TSLAShort
by AwesomeAvani
Crude Oil Daily Chart Seasonal Swing LongChart 1: Looking at the seasonal performance of oil longs taken around this time of year for the previous 2 years, it can be extrapolated that this last week of January coming up is a good time to go long for a swing trade. It can also be observed that there was a W-bottom this time last year and that we’ve just completed a similar W-bottom pattern. The green channel which reflects the general trend pre-Ukraine war in conjunction with the previous year’s worth of price action transposed to the present time suggests a price target of $95 around mid-February. The biggest obstacles will be the red downtrend channel around $87 and the high pivot from October 2021 at 85.41 which together serve as formidable resistance. Chart 2: Chart number two which is below shows that we’ve broken out of a downtrend channel which goes back further than the downtrend channel in chart number one. It also shows that we’ve rejected the Q1 pivot range in the same manner in which we rejected it around this time last year. This is also similar to how we rejected the Q3 pivot range before heading down although of course that was more volatile. These pivot ranges are defined by Mark B. Fisher as the pivot range calculated from the high, low, and close of the first 2 weeks of the year. The suggested entry of 81.64, stop of 79.64, and target of 95 are shown using the long position tool. The entry is last week’s close and the stop is .33% below Thursday’s candle which rejected the pivot range. The .33% stop was calculated as the 5-day ATR multiplied by ten, divided by the close as per my standard protocol. In Summary: Target: $95 Entry: $81.64 Stop: $79.64 R/R: 6.68 Here’s a snapshot of Chart 1 before being rearranged by the publishing process:
NYMEX:CL1!Long
by Skipper86
5
LINKUSDT 2nd Bear LegAfter a recovery rally that reaches the upper trendline of the descending triangle, the price action appears to be printing a Head and Shoulders formation, the right shoulder can be formed after a possible reaction from the green box area (local support), then the price can turn to react to volume POC Level @ USDT6.4 which is the same level as the low of the September 1M inside bar Candlestick pattern. The decreasing breakout of the ascending micro wedge has placed the Fisher Transform oscillator in a bearish crossover, which suggests a possible 2nd leg swing below the entry POC. The previous swing made an ABC retracement of 0.549, which AB=CD (0,548 ==> 1,825) reciprocal points to a harmonic target @USDT4.9, being TP2 previously speculated with a 14.6% Fibonacci retracement at the key level.
Short
by firmestudio
BTC possible correction but more bearish activity to comeLooking at the weekly chart, we are approaching strong support at the 50dayMA level (thick green line).. Next level of decent support if that does not hold is around 17k (agh!) ... MACD and Fisher Transform are looking to reverse soon, however the volume of activity will determine the magnitude of correction. I am not too hopeful, as the Elliot Wave analysis I'm doing is telling me that we are in a downward cycle, around wave III-IV ... so we have yet to see the 5th wave. With Wave III so steep, we should see a more gradual and less severe decline in wave V. Also, still bumping along BBands and recent death cross in Day chart does not bode well. Keeping an eye on ETH would be a good idea as I feel there may be a changing of the guard, or possible merge I even heard. Tough one, can't call it, but I'm going with short. What do y'alll think?
BITSTAMP:BTCUSDShort
by cryptothick