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Centered Oscillators

Crude Oil Makes a Higher LowCrude-oil futures have been climbing all year, and some traders may see further upside. The first pattern on today’s chart is the March 6 high of 80.67. CL1! Bounced there two weeks later, potentially turning old resistance into new support. That’s could be a bullish signal. Prices then rallied to a new six-month high near 88 before pulling back. They bottomed on Monday at 80.70. That slightly higher low on the weekly time frame may suggest an uptrend is taking shape. Next, stochastics are rebounding from an oversold condition. Finally, the 50-day simple moving average (SMA) had a “golden cross” above the 200-day SMA in early April. That may also suggest prices are turning higher over the longer term. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more. Security futures are not suitable for all investors. To obtain a copy of the security futures risk disclosure statement visit www.TradeStation.com . Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NYMEX:CL1!
by TradeStation
Bitcoin on the Brink: Bollinger Bands Hint at Potential Price BrBitcoin, the world's most popular cryptocurrency, has been exhibiting some intriguing technical signals lately. The cryptocurrency's volatility indicator, the Bollinger Bands, has narrowed significantly, reaching levels last seen in mid-February 2024. This development has sparked speculation among analysts about a potential price breakout for Bitcoin (BTC) in the near future. Bollinger Bands Explained: The Bollinger Bands is a technical analysis tool that measures price volatility. It consists of three lines: a simple moving average (SMA) in the center, and an upper and lower band plotted at a specific standard deviation distance above and below the SMA, respectively. The wider the bands, the higher the volatility; conversely, narrower bands suggest a period of compressed price movement. What Does the Narrowing of Bands Indicate? When the Bollinger Bands contract, it typically signifies a period of low volatility or consolidation. This can be interpreted in two ways. One possibility is that a breakout is imminent, with the price poised for a significant move in either direction – up or down. The other possibility is that the current price range may hold for a while longer, with continued consolidation. The Mid-February Precedent: The current narrowing of the Bollinger Bands is particularly interesting because it mirrors the situation observed in mid-February 2024. Back then, the bands contracted to a similar degree, and it was subsequently followed by a price surge that saw Bitcoin climb above $50,000. This has led some analysts to believe that history might repeat itself, with another price breakout on the horizon. Is a Breakout Guaranteed? However, it's crucial to remember that technical indicators, like Bollinger Bands, are not crystal balls. While they can provide valuable insights into potential price movements, they don't guarantee future outcomes. Several factors beyond technical analysis can influence the price of Bitcoin, including: • Market sentiment: Overall investor confidence towards cryptocurrencies can significantly impact Bitcoin's price. Positive sentiment can fuel a breakout, while negative sentiment could lead to a downward price movement. • Regulatory landscape: Government regulations and policies aimed at cryptocurrencies can create uncertainty and impact investor decisions. • Major news events: Significant global events, such as economic downturns or geopolitical tensions, can influence the price of Bitcoin as investors seek alternative assets. What to Watch Out For: Given the inherent uncertainty, investors should closely monitor these additional factors to gauge the direction of a potential breakout. If positive market sentiment coincides with the Bollinger Band breakout, we could see a significant surge in Bitcoin's price. Conversely, if negative sentiment prevails, the breakout might be short-lived, or it could even lead to a price correction. Conclusion: The narrowing of the Bollinger Bands is a noteworthy development for Bitcoin, suggesting a potential breakout on the horizon. However, investors should exercise caution and consider broader market factors before making any investment decisions. By combining technical analysis with a well-rounded understanding of the cryptocurrency landscape, investors can position themselves to potentially capitalize on Bitcoin's next price move.
CME:BTC1!Long
by bryandowningqln
Micron Pulls BackMicron Technology jumped on AI enthusiasm last month and now it’s pulled back. The first pattern on today’s chart is the bullish gap on March 21 after earnings and revenue beat estimates. MU dipped to $107.05 the following session before continuing higher, but has now pulled back to hold that level. Has support been confirmed? Second, you have the sequence of simple moving averages (SMAs). The 50-day SMA is above the 100-day SMA, which is above the 200-day SMA. That may reflect a bullish long-term trend. Third, stochastics have dipped into oversold territory. Prices are also near the bottom of the Keltner Channel. Those patterns may suggest that it’s had a healthy pullback. Finally, MU’s bullish inside candle on Monday could indicate its short-term downtrend is nearing an end. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NASDAQ:MU
by TradeStation
2
Microsoft Could Be OversoldMicrosoft rallied after its last earnings report. Now it may be giving traders another chance with the next set of numbers due Thursday afternoon. The first pattern on today’s chart is $397.21. That was the low on January 31, immediately after the software giant beat earnings and revenue estimates. Prices had run into the report, and they fell on profit taking. But support from that session was retested in mid-February and seemed to remain valid yesterday. Is MSFT giving buyers another opportunity? Second, the software giant has tested its rising 100-day simple moving average. That may suggest that its longer-term uptrend is intact. Finally, stochastics are oversold. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NASDAQ:MSFT
by TradeStation
Williams%Range Moving Average alerts indicator for FOREX tradinAllTheUpsTheresAlwaysDowns" ☆ATUTAD☆ // Williams%Range Moving Average alerts indicator for FOREX trading. This indicator is provided for you to use it as agreat plot next to the knowledge and strategy you may have already created. The soul ideal is the 40 period williams % range indicator with overbought level at -20 , oversold at -80 and buy range above the -50 and sell range below. In the use of a wpr on your trading chart its most defitnatly that you will find divergences formed when the wpr has crossed above, been above, crossed below and above with a lower high reached. Indicating such "divergence" for an overbought momentum in "confluences" meaning it is matching with the price movement on the main chart having a higher reach than it just was candles back. This same thought proces and visual sighting occurs when the wpr has and after the crossing below the oversold at -80. *While in some hours of days there may not form a divergance but a retest or trendreversal. The indicator gives yellow triangles above the candle bar for overbought momentems and Blue trianges below at oversolds. *Be free to fine tune your period vision with its respective oversold and overbought action. The -50 will most often gives the trend direction by cause of crossing above "bullish trend. Bearish trend" for crossing below. Whit this logic a moving average trend is visual and triangles are formed above or below the candle bars signaling the current trend. An 2nd moving average is for use as extra conformation of a trend direction or to the short term reversals. Also adding value to the background color but in confluences of the oversold signals. There are labels for the session open and ending without the names but certainly for; Tokyo.@0200-1000 London.@0600-1700 New York.@1400-2300 ((Amsterdam UTC+2 time)) and the current bar of the particular session start or end haves a diffrent visual to. The use of the 4 alerts; buyCALL sellCALL OVERbought OVERsold is provided with message indicating timechart(for you to fill in M..), the price value and time. *The any alert() function call provides alerts for the session start/end. Overall, one great indicator.
OANDA:XAUUSD
by ATU_TAD
Bitcoin Cools Off After Flirting with Overheated Futures MarketThe Bitcoin market appears to be taking a breather after a period of intense activity in the futures market. Recent data indicates a decline in Bitcoin's open interest, a metric that reflects the total amount of outstanding futures contracts. This development comes after concerns arose about the futures market potentially overheating, which could lead to increased volatility. Open Interest and the Overheating Signal Open interest essentially measures the level of leverage traders are using in the Bitcoin futures market. When open interest rises significantly, it suggests that traders are placing more bets on the future price of Bitcoin, often using borrowed capital to magnify potential returns (and losses). This increased leverage can amplify price movements, leading to sharp swings in both directions. Analysts observed a surge in Bitcoin's open interest in recent weeks, raising concerns about the market overheating. This situation has historically been a precursor to increased volatility, as seen in the lead-up to the FTX crash in November 2022 and the price correction in June-August 2022. Both instances coincided with periods of elevated open interest. The Recent Cool Down Fortunately, recent data shows a notable decrease in Bitcoin's open interest. This suggests that traders might be unwinding their leveraged positions, potentially reducing the risk of a sudden and dramatic price movement. This development is seen as a positive sign for the current Bitcoin rally, particularly by bulls (investors who believe the price will continue to rise). The Battle for $65,000 Despite the cooling off in the futures market, the price of Bitcoin itself remains locked in a battle for the crucial $65,000 resistance level. Breaking above this level could signal a continuation of the current uptrend. However, bulls still face challenges. Technical Indicators: EMAs and RSI Analysts like Skew emphasize the importance of Bitcoin price action maintaining certain technical indicators. These indicators provide clues about potential future price movements based on historical price trends. Two key indicators to watch are the exponential moving averages (EMAs) on both the 4-hour and daily timeframes. EMAs smooth out price fluctuations and highlight the underlying trend. If the price can stay above these key EMAs, it bolsters the bullish case. Another indicator to monitor is the Relative Strength Index (RSI). The RSI measures the momentum behind price movements and indicates potential overbought or oversold conditions. For the current uptrend to continue, the RSI needs to return above the central level of 50, suggesting a return to positive momentum. Conclusion The decline in Bitcoin's open interest offers a sigh of relief for those concerned about excessive leverage in the futures market. However, the price battle for $65,000 continues. Keeping an eye on technical indicators like EMAs and RSI will be crucial in gauging the strength of the current rally and potential future price movements.
BITSTAMP:BTCUSD
by bryandowningqln
TSLA - Weekly Inflection PointDaily is winding up to an inflection point, while the weekly is getting close as well. I'm favoring the bearish break; but there is a chance for a bullish reversal- so time will tell. What I can say is that we're approaching a conclusive point in time that will send price with signifcant momentum in either direction. When I look for an inflection point I watch for consolidating momentum. In turn I watch for breaks that releases the built up energy. Previous Analysis:
NASDAQ:TSLAShort
by Mikhiavelli
Vulcan Materials Pulls BackVulcan Materials broke out earlier this year, and now it’s pulled back. The first pattern on today’s chart is the move to record highs at the start of February. The provider of gravel and concrete jumped further after earnings and guidance surprised to the upside. Pricing helped fuel the beat, which may indicate strong fundamentals. Second is the March low of $262.87. VMC came within half a percent of that level on April 2 before bouncing. Is a higher low in place? Third, stochastics are turning upward after nearing an oversold condition. Finally, the 8-day exponential moving average (EMA) has remained above the 21-day EMA. That may reflect the presence of an uptrend. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NYSE:VMC
by TradeStation
Why did HPE Breakout?As shown on the one-hour chart, in the last trading session, HPE broke out of its usual trading the range being the blue high-volume area on the profile. This is with increased volatility as shown by the indicator and the large top wicks on the rising green candles. Why did this occur? Were traders simply buying anything in the IT sector vaguely related to AI after the NVDA breakout? Does HPE have a role in artificial intelligence? Was this a sympathy play? The Luxalgo Supply / Demand indicator shows supply immediately overhead. The wicks on the last several candles show a defined level. This might be called a " tweezer top " Overall, I see this as an excellent short setup to be played with either short selling or a put option as the retracement seems inevitable.
NYSE:HPEShort
by AwesomeAvani
DOGEUSD Dogecoin pulling back to add LONGDogecoin on the 60 minute chart has been in a good trend up for more than 36 hours. Moving averages have been diverging but price is now falling in a pullback to the SMA21 and EMA21 while the EMA 50 continues to trend higher. The relative strength look back is solid green. I see this as an excellent point to add to Dogecoin with the risk being the market cap leader Bitcoin loses momentum and takes Dogecoin and others sideways or down.
BINANCE:DOGEUSDLong
by AwesomeAvani
TLT- Are rate cuts postponed? LONGTLT has been in a broadening wedge and formed a falling wedge within the larger pattern. Price bounced off the lower supoort trendline in the mid-morning of trading then rising to break out of the falling wedge. I see this as an opportunity to take a long trade in TLT and close out a TBT position at the same time. This reversal may be due to the value of existing bonds with the implications of a rate cut postponed beyond June. The faster RSI line has recovered to cross the 50 level lending further support to this long trade.
NASDAQ:TLTLong
by AwesomeAvani
U.S. Dollar: Potential Signs of a PeakThe greenback might be showing signs of a peak -- despite strong economic data and a favorable macro environment. The first pattern on today’s chart of the U.S. Dollar index is the price line around 105. DXY stalled at this level in mid-February and again this week. Some traders may view that double top as a bearish reversal pattern. Second, the resistance is appearing below last year’s peak near 107. That may become a lower high on longer time frames. Third, stochastics are dipping from an overbought condition. Finally, consider recent economic news. Manufacturing unexpectedly turned positive in March, private-sector payrolls surprised to the upside and Federal Reserve officials have diminished rate-cut hopes. Such headlines should have lifted the U.S. currency, but just the opposite happened. Are sellers taking control? TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
TVC:DXY
by TradeStation
Cheniere Could Be SinkingCheniere Energy has been sinking as the broader market advances. Now some traders may see risk of another push to the downside. The first pattern on today’s chart is the series of lower monthly highs and lower monthly lows since early December. This contrasts starkly with the advance in the S&P 500, potentially reflecting bearish sentiment in the tanker stock. Second, prices stalled in December slightly above their peak from late 2022. Some chart watchers may consider that a double-top reversal pattern. Third, prices bounced above their 50-day simple moving average but could now be slipping back below it. Fourth, stochastics are retreating from an overbought condition. Finally, traders looking for potential levels may eye the March low of $152.31 or last year’s low at $135. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NYSE:LNG
by TradeStation
ON Semiconductor lags its leading peer Engulfing Candle LONGON shown on a 30 minute chart- has fallen behind but is a top 50 seached on the the Zack website. It recently trended down from a push to outside the Bollinger Bands showing extreme buying volaility and price action than a big fade into selling volatility and a slight compression. The TTM squeeze fired just as price fell outside the lower band. Price rose abruptly into and over the trendline and then printed a so called" Big Ass Candle" engulfing about five hours of price action. This is a strong buy. ON will work to catch up with MU NVDA and the frontrunners. I will profit while it runs that race.
NASDAQ:ONLong
by AwesomeAvani
1
AAP Autoparts Retailer Retraces and Reverses down SHORTAAP on a 240 minute chart has completed a Fibonacci retracement of the previous trend down which covered April to October 2023. Support was retested for a month or so. The retracement starting in December is now to the standard level and price is being rejected there. The faster RSI topped out at 65 while the slower RSI line ( black ) never got over 50. As an aside, AAP is weak compared with AZO, its peer and leader in the market sector. I am looking for stocks to short to get synergy from and general market downturns. I have found one. This short trade is supported by the predictive algorithm of LuxAlgp.
NYSE:AAPShort
by AwesomeAvani
ZKP PANTHER PROTOCOL $0.031 | End to End Real World Solution something or definitely a working project that its time has come a facility that covers current and future de fi requirements on top of it is the beauty of its being COMPLIANT and adaptable or built on NEAR MATiC FLARE and AVAX still under the radar or un appealing to most as it tank from launching it has the same dna that of INJECTIVE and AiOZ or so most PROJECTS which narratives that were shelved until again ITS TIME HAS COME ROADMAp is on schedule Q1 2024 Risk Reward.. so worth it more so solid base established with STAKING on the move at 15%
by roy.reyes
DUOL looks to bounce from a fib retracement LONG.DUOL on the 30- minute chart shows a healthy pullback of about 5% from its ATH reached both Feb 29th and a few days ago. so it is just under a double top. On March 19th, it rallied from the pullback to put in the second ATH and then dropped 5%. The question here is whether, CUOL can attract interest volume and so money inflow to allow a price rise (Wychoff''s therory applied). The bottom wicking on the last two candles is significant and may suggest and impending reversal. This was a great trade from the earnings. I will not mind at all if it is setup and ready to go at Monday's morning bell. The predictive algo forecasts a quick rise to 246 or about 7% upside. DUOL did run up hard before. Recently it may have attracted some shorts who will sell quickly if a 6% jump occurs. Potentially, a short squeeze could send DUOL higher than the forecast. Time will tell.
NASDAQ:DUOLLong
by AwesomeAvani
RSI as a Trend ToolMost people use the RSI as a momentum indicator, trying to find Overbought/Oversold (OBOS) conditions, and/or divergences. However there is also a way to use it as a Trend Tool. There is a mathematical relationship that connects the RSI and EMA's. The formula is RSI(x) cross-over 50-line = Close cross-over EMA(2x) i.e. RSI(14) cross-over 50 line = Close cross-over EMA(28) This one of the properties of the RSI, which I discovered when taking a more indept look into momentum indicators, which ultimately led to the discovery of the MACD-v in 2014/2015 The MACD-v was then publicly disclosed in 2022, in the form of a a paper called "MACD-v: Volatility Normalised Momentum", which was awarded: It has won 2 International Awards: 1. The “Founders Award” (2022), for advances in Active Investment Management from the National Association of Active Investment Managars (NAAIM) 2. The “Charles H. Dow Award” (2022) for outstanding research in Technical Analysis, from the Chartered Market Technicians Association (CMTA)
CME_MINI:ES1!Education
by AlexSpiroglou