BNBUSDT is still interacting with the neckline and is about reach the peak of this reaction @ 88.6% Fibonacci retracement key level for adding to shorts.
Pattern reminiscent of the Christmas Crash 2018. Although seasonality usually favors price in April this was the Cruelest month ever. Dec was an unseasonal bear four years ago, a crash can happen at any time. Worst selloff since COVID today, more coming IMO. This big selloff day is unlikely to be followed by another, but anything is possible. The whole thing...
Through trail and error and years of experimenting I discovered that Price movements determine FUTURE Price movements. Markets have a dominate tendency to exhibit support and resistance at price points defined by percentage increases and declines of past Peak to Trough movements and vice versa. I was able to approximate the ideal ratio values to determine these...
Through trail and error and years of experimenting I discovered that Price movements determine FUTURE Price movements. Markets have a dominate tendency to exhibit support and resistance at price points defined by percentage increases and declines of past Peak to Trough movements and vice versa. I was able to approximate the ideal ratio values to determine these...
MY DAILY RANT : As prices advance and decline the Market creates new important foot prints for astute traders to gain clues from. In my opinion the market is creating mini Waves that are at first random based on the two main factors of market traders personalities, Fear and Greed. When the market has expanded into new territory or reacted down into new territory...
New Upward resistance level comes in at 55,283.38
Trend Reactionary Numbers (TRNs) are powerful Support and Resistance Zones that will be respected by the Markets. These Numbers are the outcome of 30 years of Trading Experience with over 15+ years on Wall Street. I worked for Institutions like Deutsche Bank, BNA, CRT and DG Bank in New York. They are calculated by a proprietary formula and other variables which...
Trend Reactionary Numbers (TRNs) are powerful Support and Resistance Zones that will be respected by the Markets. These Numbers are the outcome of 30 years of Trading Experience with over 15+ years on Wall Street. I worked for Institutions like Deutsche Bank, BNA, CRT and DG Bank in New York. They are calculated by a proprietary formula and other variables which...
Simple idea. Getting bounce EOD 2/28 with follow-thru in ES Futurz overnight, Asia improving in early trade. Black Swan event seems less likely now with VIX forming shooting star on Friday. Massive volatility spike with extreme bearishness typical of bottoms. Market internals on Friday (A/D, new ATH issues at only 4 on NYSE, etc) equal to 24 Dec 2018 minicrash....
Details in chart. The inverted Head & Shoulders is highlighted with cups, but you really can't miss the big red candles. Gonna get a huge bear flag from this, IMO. Closed my shorts early, but never sorry to give the other guy the last dollar. Reactionary wave should appear within a few days rising from oversold condition. IMO this rascal is gonna pop up hard...
US 30 traded below Tuesday high of 25888, closing 98 points lower than 8/21 high, failing to confirm Sand P new alltime high on 8/24. The zig-zag pattern is evident on chart. I marked this one as a more complex ABC structure as a 5 wave reaction (ABCDE) is evident in A wave. Combined with bearish Gartley pattern confirmed 8/21, this latest rally attempt looks...
For months I have struggled to make Elliott wave theory fit this Bear Flag rising channel but although 5 wave impulses appear within the channel, it is not itself a motive impulse, but rather, it is a complex, 7 or 9 multi-wave zig-zag flat corrective pattern "A-B-C". It also contains WXY components which we recently observed press index under 25000, as well as...
Going down further; Not advice; just an observation. Good luck!
Trading at the top of Friday's decline all indexes slightly higher a tiny subminuette 12345 impulse is seen in the minute chart for SPX today, looks like near completion - cant say how high the up reaction will carry but I reckon short entry now is likely profitable. Im not an investment advisor, this is not advice, its an observation for education only. Good luck!
Expect possible brief reaction to Friday's selloff. If a Minute Wave 2 forms it would suggest a full and deeper corrective minor wave Y in my WXY pattern (omitted for clarity- see links below), with a 5 wave impulse. Minor Wave WXY is part of larger intermediate wave 12345, now forming the intermediate wave 4, not shown, in turn part of larger primary corrective...
Bestimate projection for Dow going into August, tied with October for weakest month of the year. Coming off a strong rally in July, odds favor more volatility. Dow appears to be in a corrective, reactionary wave cycle: 'A' wave from first top 07/26 ran down to the flash crash Thursday 08/02 (Label 'W' of WXY reaction). Notice labels for larger primary trend are...
Wave model projected 25076 on Dow got to 25070. Divergence in indices suggests flight to quality - dumping tech to buy blue chips, nervous toppy behavior. Can go higher but is due for a pullback and possibly a substantial drawdown. Wave C could carry to 23800 or lower. Could get a shooting star Tues to confirm topping. Other indexes already moving lower and...
Nice double top formed around the subwave 4 on bullish reactionary wave in downtrend correction... it's not over yet... media says 'going to the Moon' so look down Record high NDX and broad-market Nasdaq today, all-time high for MSFT now trading at market cap $800Billion... can you say bubbly?! Rate hikes- check; inflation - check; t-bill rate inversion - coming...