Topic: Weekly Parabolic SAR just flipped the side! - page 3. (Read 7701 times)
looking good.
Also Bitfinex's Weekly Parabolic SAR just flipped the side:
What does Weekly Parabolic SAR mean in layman's terms?
Man, this combined with Luc's Historical 3 possibility is better than any drug I can think of at this point 
Jup. One of the many long-term momentum signals that just flipped. Some fired a bit earlier (*wink*), some a bit later into the rise, but they flipped. Always a chance it's a false breakout of course, but based on how they performed in the past, the interpretation is that the mid-term bottom is in at 275.
You think we'll go below 400 ever again?
Below 400 as in something like 390, maybe 380: possible. A really painful drop, say, low 300s: I have no idea (no tradeable idea, at least). Ask the EW guys, they like to answer stuff like that
In very vague terms, I can see the following scenarios: we are leaving the "local" (i.e. July/August to now) bear market, without revisiting where we started (sub-400), or we can leave it, but see one more serious dip (possibly all the way to 300). Or, of course, we could also fail to leave it and make a new low before getting to, say, 500 even - but that possibility I consider rather unlikely as of today. Plus, the first two scenarios above each combine with the outcome of the "global" bear market (since December 2013): either the long-term trend is indeed up from now on (until it reaches a new ATH), or the rally goes on for a while, but turns sour before a new ATH (e.g. the June/July picture).
Thanks!
Jup. One of the many long-term momentum signals that just flipped. Some fired a bit earlier (*wink*), some a bit later into the rise, but they flipped. Always a chance it's a false breakout of course, but based on how they performed in the past, the interpretation is that the mid-term bottom is in at 275.
You think we'll go below 400 ever again?
Below 400 as in something like 390, maybe 380: possible. A really painful drop, say, low 300s: I have no idea (no tradeable idea, at least). Ask the EW guys, they like to answer stuff like that
In very vague terms, I can see the following scenarios: we are leaving the "local" (i.e. July/August to now) bear market, without revisiting where we started (sub-400), or we can leave it, but see one more serious dip (possibly all the way to 300). Or, of course, we could also fail to leave it and make a new low before getting to, say, 500 even - but that possibility I consider rather unlikely as of today. Plus, the first two scenarios above each combine with the outcome of the "global" bear market (since December 2013): either the long-term trend is indeed up from now on (until it reaches a new ATH), or the rally goes on for a while, but turns sour before a new ATH (e.g. the June/July picture).
Jup. One of the many long-term momentum signals that just flipped. Some fired a bit earlier (*wink*), some a bit later into the rise, but they flipped. Always a chance it's a false breakout of course, but based on how they performed in the past, the interpretation is that the mid-term bottom is in at 275.
You think we'll go below 400 ever again?
Jup. One of the many long-term momentum signals that just flipped. Some fired a bit earlier (*wink*), some a bit later into the rise, but they flipped. Always a chance it's a false breakout of course, but based on how they performed in the past, the interpretation is that the mid-term bottom is in at 275.
Not on Tradingview charts yet.
I've been expecting this since June/July 2014 but it took a bit longer than I thought. Perhaps the ongoing parabolic rise also lasts a bit longer than everyone expects? Anyway, this is massively bullish indicator but first we need a couple of more dots on the chart confirming it. As always, the next few weeks are critical.
I have drawn some imaginary pSar indicator dots to the below chart to visualize the future prices.
Anyway, this is massively bullish indicator but first we need a couple of more dots on the chart confirming it. As always, the next few weeks are critical.I have drawn some imaginary pSar indicator dots to the below chart to visualize the future prices.
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