Markets are topped out on macro renko charts, good luck.
The chart speaks for itself; there are obvious fractals on the bull and bear legs. they keep getting bigger as well in pattern. Volatility is expanding the X-axis like crazy; and bear moves are even more volatile in such conditions. Things could get very steep. I pasted inverted, expanded, copies for a future plot. Good luck.
Note
After rate hikes start, and markets recover from the shock of no training wheels? Blast off! Big business tries to get their books right for 2023 taxes and regulations coming? Down for Sept trip witch.. This could be the last year or few of party. Interest rates will make old debt come due much sooner.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.