S&P 500 ETF TRUST Fractal II (Dare)
Updated
Fractal I: Partially Expired.
Since the chances of this type of outcome is lower, but high CPI meant weakening $ against we're trading in the short-run .. Weakening denominator contributed to strengthening numerator which is the base asset. Will Take time for FED to cause shift in narrative. Since times are risky I the gradient of the uptrend is steep.
Turning point at TimeFib 0.618 on 20th April 2023
Crossing below ruins the whole scenario and resynchronizes the time cycles.
upd: forgot to mark left line so it was visible in interactive.
And pay no attention to price on left scale, only
fibs
Scale out for orientation.
Since the chances of this type of outcome is lower, but high CPI meant weakening $ against we're trading in the short-run .. Weakening denominator contributed to strengthening numerator which is the base asset. Will Take time for FED to cause shift in narrative. Since times are risky I the gradient of the uptrend is steep.
Turning point at TimeFib 0.618 on 20th April 2023
Crossing below ruins the whole scenario and resynchronizes the time cycles.
upd: forgot to mark left line so it was visible in interactive.
And pay no attention to price on left scale, only
fibs
Scale out for orientation.
Comment
Counter-fractal:Comment
Dare doesn't mean risk a capital lol! Figure of speech meant to challenge the market to repeat history. (Chaos alignment into order)Comment
It dropped according to fractal on fib config. I expect Monday and Tuesday to show confident bullish candles, IF NOT, the decline will be relatively shaper than of the fractal of the growth.
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.