S&P 500--Early Warning--The Top Is InEARLY WARNING. The S&P 500 hasn't closed under the daily 500 HULL for longer than one day in a row since the covid crash rebounded over the 500 HULL back in June 2020. Today marks the first two day close under the 500 HULL in over a year. This is an early call and might change if we rebound and close the week above the 500 HULL.... but right now I'm gonna say odds are good the equity market top is in. You heard it here first.
TOP
ATH in December followed by market crash.Hello everyone!
I am back with my new analysis on BTC and the market. My analysis is pointing me towards a new ATH for crypto in December or early Q1 of 2022. The price range to look out for is 120k-180k-220k. Dates & patterns will help determine the exact top. Specifically, I am looking to short and sell all my crypto around Dec 14th-Jan 14th where BTC will have reached its peak price. Markets are always changing and if anything new comes up I will update my analysis. Once BTC has reached its top it will be the beginning of a global market crash. We are already seeing massive inflation world wide with no correction in sight. Banks are hoarding cash as of now because they perceive costs to be to high to invest. Stay tuned...
LONG TERM TARGET HIT TODAY 4460 TO 4617 FOCUS 4607 I HAVE NOW MOVED TO A 100 % CASH .I am now moving to puts across the board we should now see ifthe rally was wave B UP or wave 1 of 5 within the blowoff. .I also took profits in my calls in FACEBOOK and warning all traders to take profits. BEST OF TRADES WAVETIMER
Tesla : Close to the topTesla has 2 EW counts at the moment that show a top is near. Either price goes above 780 to finish a double three corrective wave B or price stays below 780 and this rally was wave C inside a bearish triangle wave B, in this case a top might already be in.
If price will go above 780 there will have to be another leg up inside the corrective wave y to form a triple three corrective wave. Inside this wave price would now be in a 2nd wave X, which has already finished, will become a triangle or will have another leg lower to around 700 and test the trendline support. Once this wave x is finished a last rally up to above 780 and the bigger wave B will come to an end and the wave C down will start.
Next couple of days will be very interesting.
Good luck!
TOP on Nifty is done. At multi year extended resistancAs one can see, Nifty today completed its upward journey. It was in a parallel channel for past 18 years and when it broke it, it went to the new parallel channel and top for that channel is touched today.
So, it's time to short nifty and sit tight for good levels.
Go long on nifty only when break above 18000 now.
Tesla : Spike and reverseTesla looks like it's about to complete a double three corrective wave from the 540 low. It is important that the 780 high breaks to complete the wave. When this happens it will be the end of wave B. This will be an important top which will lead to Tesla going lower and eventually break the 540 low with possible much lower prices. Short term the chart shows a rising wedge from the wave x of (y) low at 627 but this is not a valid EW diagonal, the correct wave count will show a triple three corrective wave to finish wave x of (y). The timing of this top comes very close to the next fed meeting, possibly some negative news from there most likely tapering or interest rates related.
Alternative count has price not breaking 780, which would mean price is in a bearish wave b triangle. The result will be the same with lower prices.
Good luck.
RARE Wyckoff Distribution + PERFECT HarmonicWhat we are witnessing is the imminent stage of a distribution cycle happening before our eyes. Two of the great minds in charting, Wyckoff and Scott Carney's theories are put to the test. There are two differing bearish structures that are indepent of each other and authored by different people, but are currently simultaneously visible on a large timeframe, the 12h, at the same time. This is what we call confluence - several indicators and/or confirmations lining up conjunctly.
Refer to Wyckoff's Distribution Schematics that you can find on the web to correlate the ABCDE phases with the current price structure on your own chart. I left it out on this chart as to not clutter it.
For the short term, I expect a run-up to 49.2k ~ 51.2k before we collapse much lower. I will make a seperate post about this, as I have found a harmonic pattern on the hourly timeframe to confirm this.
For my accuracy, please click my profile and see my previous posts. Good trading wished to all of you, frens.
BTC HASN'T TOPPED YET! (TOP @~74.300$)! ONLY 50% from now!I believe BTC hasn't topped yet.
Reason being is that if you use fib retracement on the previous bull runs,
the next that occured hits or surpasses the last level of the fib.
As you can see on the chart we haven't topped it yet on this bull run. My guess is that the top will be
around at 74.300$ that's ~55% from the current price.
Then it should end this BTC SEASON and then starting the ALTCOIN SEASON!
Now I never said that it has always to hit the last level! This is just what happened before.
ES getting wound up tightYou can see that ES is winding like a spring. Here it sits between the 2 green support and resistance lines and narrowing Bollinger. And also looking at daily volume it is pretty low. In last month we hit lowest volume in 3 month and 6 month period. All this to me means we may be at a high and in for nice drop.