The 3 Star ✨ pattern on the Daily chart shows us the possibility of ending upward momentum and the beginning of a new downtrend.
The Market went through the $4165-$4200 resistance, as described in my previous analysis. We are still in a bear market, however, the short-term directionality is bullish. The price will probably try to break the $4400-$4500 level. The last four weeks have been incredibly strong. Money Flow Index (MFI) in overbought & Rising Wedge Formation. From my point of...
The 0 to 5 count is very helpful in determining the current state of Swings & Pullbacks. Any Swing or Pullback can be counted from 0 to 5. When 5 is reached, it restarts from 0, again to 5, just in the opposite direction. This count is most effective when you count the real Swings. By "real" I mean, if you follow these Rules: Up-Swings: A new high is CONFIRMED...