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Irregular_correction

The November Bulls Forgot Wave CSeptember was a perfect wave A down while October was wave B up. I projected the original top for Friday but we were still shy of 460. Today's open got us there. Wave B quickly retraced 100% of wave A without its internal 5 wave pattern so I set the next stop around 460.58 which was the Fib 123.6% extension. Additional wave analysis of wave C's internal 5 wave structure revealed two potential end points for wave 5. The first top would have been around 458.49 which would have been 100% of internal wave 3, the second is 114.6% of wave 3's movement at 460.71, with the third probable top at 123.6% at 462.08. Today we saw a top at 460.70, which was 1 cent shy of one projected top and 12 cents higher than the first projection based on the main wave A's movement. ***IF THIS HOLDS*** we likely witnessed a correction wave described as an irregular/expanded flat. These typically have the final wave C move 123.6% to 161.8% of wave A's movement. This puts the conservative bottom (123.6%) at 419.83 with a potential bottom as deep as 409.25. While this would not quite be a 10% drop, this will certainly catch all the bulls off guard. I think November will be red and maybe into or through December as well. I have typically found the length of wave C to be nearly that of A, but it is likely to fluctuate as it moves on. The current projection has us red into the first week in December but time will tell. CAUSES: Fed red? Inaction in Congress? Does Congress pass tax regulations forcing investors to pull out gains this year at a cheaper tax rate before major hikes next tax year? I ultimately have the markets rebounding after this December bottom. However, the next drop around September-October 2022 will be very deep (not catastrophic yet--maybe the year 2029).
AMEX:SPYShort
by StockSignaler
5
BITCOIN WARNING: Optimal Whale Play Will Hit You! Lets jump right into it - we dont have time to waste, because you might once again be caught by the whales. D4rkEnergY is the master when it comes to Market Psychology, and have warned you many times before, when there were risk of being Stop Hunted. Let me start to say, that Bitcoin is extremely bullish if we zoom out, and take a look at the Daily or Weekly chart. BTC is in a Bull Market, and your job is to spot where its likely we will have a pull back, so you can buy the dips. Let me also stress, that it is likely, that we will go down right away to my ORANGE Trend line - but this post serve the purpose to give you an idea about another very likely scenario, which will be the optimal Whale Play. 335 Irregular/Running Flat ABC Correction This correction is not unlikely, and we have seen it play out before - not long time ago - on the 4th wave in the extrension inside the 3rd wave extension. Take a look at the Long vs Short indicator. We have a huge disproportion between Longs vs Shorts, which give the whales a good incentive to go up straight away. In this correction we will go ABOVE the 3rd wave (123.6% of wave), which will kill tons of Shorts. Hereafter we will go down again, which then will kill all the Longs who believe that this an impulse wave. And lastly the Shorts will once again be fooled, when we make a super short retracement on C (61.8% of AB), which is normal in an irregular/running flat ABC correction. I hope it helped you. Please be aware of this likely scenario - and remember that LIKE! - D4 Loves You! <3
BITMEX:BTCUSD.P
by D4rkEnergY
28