Today's big rally, prompted by Trump's Tariff comments, presents a real learning opportunity for traders and followers of my videos.
Everyone wants to know what's going to happen next.
This video will tell you what I believe is NEXT for the markets and why.
It should also reinforce the construct that price is the ultimate indicator and the use of the EPP/Cradle patterns as a mechanism for using price structure to attempt to identify where opportunities may exist.
As much as this video is an analysis of price action and a prediction of what may come next, it is also a tutorial showing you how to use price patterns, structure and context to attempt to plan for your next opportunities.
Ideally, the next phase of the market is to establish a consolidation range.
If the 480-525 lower consolidation range does not hold - then it will likely become a precursor of the July breakdown (support) level. Remember, we still have the July/Oct lows to deal with.
I fully expect the 550-575 consolidation range to become the new dominant consolidation phase for the current EPP pattern.
It makes sense to me that, absent any crazy tariff war, the most likely outcome will be for the markets to recover back to the 550-575 level and to consolidate further.
The last component we have to consider is the recent lows near 480 could have been a very quick breakdown to an Ultimate Low. If that is the case, then we'll most into a mode of seeking the next higher resistance level and I believe the 550 or 575 level would be the obvious next resistance level.
So, at this point, I believe the continuation of the Excess Phase Peak pattern is likely, but the price is actively seeking the consolidation range between the lower consolidation level and the upper consolidation level.
Price MUST establish the consolidation range, or INVALIDATE this pattern, in order to move onto the next pattern/phase.
Get Some..
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #gold #nq #investing #trading #spytrading #spymarket #tradingmarket #stockmarket #silver
Everyone wants to know what's going to happen next.
This video will tell you what I believe is NEXT for the markets and why.
It should also reinforce the construct that price is the ultimate indicator and the use of the EPP/Cradle patterns as a mechanism for using price structure to attempt to identify where opportunities may exist.
As much as this video is an analysis of price action and a prediction of what may come next, it is also a tutorial showing you how to use price patterns, structure and context to attempt to plan for your next opportunities.
Ideally, the next phase of the market is to establish a consolidation range.
If the 480-525 lower consolidation range does not hold - then it will likely become a precursor of the July breakdown (support) level. Remember, we still have the July/Oct lows to deal with.
I fully expect the 550-575 consolidation range to become the new dominant consolidation phase for the current EPP pattern.
It makes sense to me that, absent any crazy tariff war, the most likely outcome will be for the markets to recover back to the 550-575 level and to consolidate further.
The last component we have to consider is the recent lows near 480 could have been a very quick breakdown to an Ultimate Low. If that is the case, then we'll most into a mode of seeking the next higher resistance level and I believe the 550 or 575 level would be the obvious next resistance level.
So, at this point, I believe the continuation of the Excess Phase Peak pattern is likely, but the price is actively seeking the consolidation range between the lower consolidation level and the upper consolidation level.
Price MUST establish the consolidation range, or INVALIDATE this pattern, in order to move onto the next pattern/phase.
Get Some..
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #gold #nq #investing #trading #spytrading #spymarket #tradingmarket #stockmarket #silver
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Love My Videos/Research - GET MORE..
-- Special TradingView Tools
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-- Proprietary Algos/Signals
-- More..
Join Ment.com Expert Growth Today
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-- Special TradingView Tools
-- Automated Trading Systems
-- Proprietary Algos/Signals
-- More..
Join Ment.com Expert Growth Today
Get Some.
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.