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Vahrokh Vain > Economy and finance > Securities > Trading > Market analyses > EvE Online > 2014-02-25 [PLEX] PLEX market analysis

2014-02-25 [PLEX] PLEX market analysis

26 February 2014 By Vaerah Vahrokha

PLEX market analysisEvE Online

~1~

PLEXes are often a major topic on Market Discussions. Their seemingly endless rise attracts all sorts of opinions and speculation.

Monthly chart

What Price is Doing (WPD)

Price is still running above a massively strong trend line started back in 2011. If you go back to months or even years ago, you’ll see I had already drawn this trend line.


Price is going close to the all time maximum. Sellers have appeared in January. But what you see is not a bearish pin bar. A bearish pin bar must appear at the top of a swing high, while the January bar is at the bottom of a swing high. Anyway the situation is unstable and buying so close to the all time maximum is very risky. Considering price has gone away from the trend line and it’s going to hit the history maximum, there’s definitely a probability for price to react to such maximum by going down to the trend line in confluence with BRN 600M. Notice the word “probability”: price goes where it wants, following its own logic. All we can do is to discern the relatively rare time windows when price acts in a predictable way and then let it go wherever it wants.

Last but not least: in the previous PLEX analysis I have written: “If price will go above that line, it’ll invalidate the first top and will setup to go to the next target, which is the all time high of mid Oct 2012“. Guess what happened?


Monthly chart



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  1. 2013-10-08 [PLEX] PLEX market analysis
  2. 2013-10-26 [NIISO] Nitrogen Isotopes market analysis
  3. 2013-11-16 [NIISO] Nitrogen Isotopes market analysis
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  5. 2013-11-16 [RBTCS] Robotics market analysis
  6. 2013-11-16 [ZYDRN] Zydrine market analysis
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Pages: 1 2 3

Filed Under: EvE Online, Market analyses Tagged With: EvE Online, market analysis, PASR, PLEX, price action, Vaerah Vahrokha, vahft

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Comments

  1. Parker says

    27 July 2014 at 11:31

    How did you get more than a years worth of OHLC data out of a cache dump?Thanks for the software and dumping guide!So happy to have found a way to analyse the eve markets!
  2. samara says

    30 May 2014 at 23:48

    love love you

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Definitioner

1 (OHLC)
Open, High, Low, Close (and sometimes Volume) data, is a finance industry standards format used to represent price evolution during a certain period of time (daily, weekly, hourly...). OHLC data are consumed by financial analysis applications and by charting software to represent price action.
1 (audit)
The general definition of an audit is an evaluation of a person, organization, system, process, enterprise, project or product.
1 (Meta game)
Meta gaming is a broad term usually used to define any strategy, action or method used in a game which transcends a prescribed ruleset, uses external factors to affect the game, or goes beyond the supposed limits or environment set by the game. Another definition refers to the game universe outside of the game itself.
1 (emergent)
Emergent gameplay refers to complex situations in video games, board games, or table top role-playing games that emerge from the interaction of relatively simple game mechanics.
1 (sandbox)
A sandbox game is a type of video game design where a player can roam freely through a virtual world and is given considerable freedom in choosing how or when to approach objectives. Sandbox emphasises a paradigm where, as in a physical sandbox, the user is entertained by his ability to do as they wish creatively and with there being "no right way" of playing the game
1 (discretionary)
A discretionary method is a trading method where little or no mechanical tools and procedures are used to decide the trades. A discretionary trader applies a solid ruleset basing on a flexible interpretation of the market
1 (PLEX)
A Pilot License Extension (PLEX) is an item that adds 30 days of game time to an EvE Online account. It is freely traded like any other in game item. CCP accepts to convert in game PLEXES to real money in case disasters and emergencies happen.
1 (NEISIN)
A New Eden Interstellar Securities Identification Number (NEISIN) uniquely identifies a security. While its structure is identical and strictly compliant with "real life" ISINs, NEISINs are tailored to New Eden investments and contracts.