Hi Everyone! I thought it was important to point out the indicators in the Mid Term Group of time frames (4-Day, 8-Day, 9-Day, 10-Day, 11-Day, 12-Day, 13-Day and 2-Week) are suggesting we are potentially on the verge of a major push down. The Red and Blue Lines for the PARXCES indicator (NOT Phoenix Ascending) are below level 50 or level 70 in most every time frame except the 13-Day and 2-Week.
The 13-Day is located Top Right of Center. We have approximately 6-Days remaining before we see a "new" 13-Day candle. At which point, "both" the Red and Blue Lines may be under Yellow Level 50; increasing probability for the B-Bands to expand and price action to go "down" with this expansion. Similar to what you saw occurring earlier in time frames lower than the 2-Week; which see. (The 2-Week is located at Top Right Corner). We require another 13-Days before we see a new 2-Week).
BOTTOM LINE: We are subject to see a potential major move to the downside within the next 3-Weeks. This could be a slow bleed down before a major shakeout move (Wyckoff Spring) occurs; marking the halfway point in Phase C of our MACRO Accumulation.
The 13-Day is located Top Right of Center. We have approximately 6-Days remaining before we see a "new" 13-Day candle. At which point, "both" the Red and Blue Lines may be under Yellow Level 50; increasing probability for the B-Bands to expand and price action to go "down" with this expansion. Similar to what you saw occurring earlier in time frames lower than the 2-Week; which see. (The 2-Week is located at Top Right Corner). We require another 13-Days before we see a new 2-Week).
BOTTOM LINE: We are subject to see a potential major move to the downside within the next 3-Weeks. This could be a slow bleed down before a major shakeout move (Wyckoff Spring) occurs; marking the halfway point in Phase C of our MACRO Accumulation.
Note
UPDATE:BLUE TEXT BUBBLE (Within the 8-Week time frame):
White Lower B-Band the "next" 8-Week
candle appears to be our "Floor of Support."
I'm estimating $1,244 may be the price
level of the white lower b-band the NEXT
8-Week candle; beginning 13.5 Days from
this writing.
Note
UPDATE:I placed a $1,244 price point on this Wyckoff Chart:
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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.