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Sive Morten

Special Consultant to the FPA
Terms and definitions

MACDP Failure, Stop Graber: combination of MACDP and Price behavior that usually leads to stops reaching in opposite direction of previous price move.

MACDP: MACD Predictor, a derivative indicator version of the simple MACD that gives additional properties and multiple uses.

OscP: Oscillator Predictor – derivative indicator from simple Oscillator that uses for determination of Overbought/Oversold levels and some trading directional patterns.

Dynamic Pressure: A specific use of the MACDP that usually consists in divergence (not classical divergence signal) of price behavior and MACDP, i.e. trend. It helps to determine strength or weakness of the market.

The technical portion of Sive's analysis owes a great deal to Joe DiNapoli's methods, and uses a number of Joe's proprietary indicators. Please note that Sive's analysis is his own view of the market and is not endorsed by Joe DiNapoli or any related companies.

OB/OS: Overbought and Oversold conditions that determine by either simple Detrended Oscillator, or Oscillator Predictor (OscP).

WR or W&R: Wash and Rinse - specific price behavior, that usually includes stop licking or short-term breakout process above/below resistance/support areas. Appearing of W&R increases probability of price moving in opposite direction.

RRT: Rail Road Tracks pattern. Usually it looks like two long bars in opposite directions to each other.

Pattern Failures: For example Triangle Breakout Failure and H&S Failure. These patterns are combination of classical patterns and strong support/resistance levels that can lead to failures of a classical patterns and price moving in opposite direction to them.

Confluence area, or K-area: combination of 3/8 and 5/8 Fibonacci levels of support/resistance in relatively tight range. Obvious that these levels are based on different reaction points from which these Fibonacci levels are produced.

Agreement: Combination of Fibonacci Expansions (0.618, 1, 1.27, 1.618) and Fibonacci retracement levels that leads to stronger support or resistance.

3x3 SMA or DMA: 3 period Simple Moving Average displaced forward for 3 periods.

Confirmation: Bar closing above/below some level or indicator’s line.

Fibonacci expansions: - expansion from A-B price move (usually marked on chart), that starts from C-point. Usually are applied 0.618, 1, 1.27 and 1.618 due to Elliot wave theory.

0.618 Fib expansion also known as COP (Contracted objective point)
1.00 Fib expansion also known as OP (Objective point)
1.618 Fib expansion also known as XOP (Extended objective point)

Butterfly: price reversal pattern that leads to opposite price moving, when market reaches the target of Butterfly. Usually, Butterfly has 1.27 or 1.618 Fib. expansions as a targets.

Pivot: leading indicator that equals (High+Low+Close)/3 of a previous bar. Usually calculates for weekly, monthly and upper time frames, rarely for daily.

Pivot support: Usually are calculated 2 supports – pivot support 1= (2*Pivot)-High of a previous bar; and pivot support 2 = Pivot - (Pivot resistance 1 – Pivot support 1)

Pivot resistance: Usually are calculated 2 resistances– pivot resistance 1= (2*Pivot)-Low of a previous bar; and pivot resistance 2 = (Pivot – Pivot support 1) +Pivot resistance 1
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