Learning Fibonacci Price Theory - MUST WATCHEven though I got cut off after about 25 minutes, I'm sharing this with all of you to teach you how to use one fo the most important PRICE STRUCTURE features for any chart
Fibonacci Price Theory.
The consensus of all TA is that PRICE tells us everything.
Fibonacci Price Theory is the REAL DEAL.
Use it on a 1 minute, 5 minute, 60 minute, or Daily - ANY TIME-FRAME
Use it in conjunction with other TA/Indicators.
Use it with Elliot Wave analysis.
USE IT.
My experience is that all indicators/theories/strategies have strengths/weaknesses. If you are not aware of them (yet) - pay attention.
Follow my research and I'll continue to try to share tidbits of advanced TA/Fibonacci with you.
I created this to help my followers/friends learn one of the most critical price structure components of my own research. I see all price charts in the manner I've illustrated in this video.
After more than 15 years of applied Fibonacci Price Theory/Structure - I can't help but NOT see price as "Fibonacci Fractals".
Hope this helps.
Ym
SPY Measure Move (Pause) Video Update - Rally To $421 PendingHere is a video update for my followers. This video is in support of the recent SPY updates I've shared over the past few days.
Follow my research. Learn how my analysis skills can help you prepare for the biggest price swings.
These are not the same markets as 2008 & 2000.
Learn to adapt to price trends and become a better trader.
I'm trying to teach you to use the techniques I've learned over the past 25+ years to hone your own decision-making skills.
Pay attention.
SPY Update (60 Min) - Rally Day Pause ExpectedEven though my SPY Cycle Patterns suggest today is a RALLY day, I see the SPY has extended to an upper resistance channel (near $414.80) and may pause/slide sideways/downward a bit today.
I do expect support near $412.30 to act as a floor for any contraction. I would expect the SPY to hold above $412.30 and attempt to rally higher IF this price level is tagged today.
Overall, if we see a rally above $415 today - the SPY will likely extend the rally phase. Possibly target $421 to $427.
The Fed unleashed a wave of RALLY (Risk-On) for many investors.
My advice - play this move safely right now. Although it looks very promising, I still believe 2023 will stay very congested until Q3:2023. Then, we may see a moderate MELT-UP extend to new all-time highs again.
Follow my research.
If SPY Breaks Above $410 - we could see $420+ very quicklyBreaking above the $410 resistance level could be a very big sign that bullish price trending is building momentum.
Ultimately, I don't believe the SPY has enough momentum to get above $440~450 in 2023 - but I could be wrong.
I do believe we will move into a bout of sideways congestion after Q1:2023 - and slide into a period of complacency.
Near the start of Q3:2023, I believe we will see the bullish price trend resume - likely starting a push towards new all-time-highs again.
We are certainly living in interesting times.
If you are not following my research - please take a minute to review my posts/comments.
Here we go.
DOW 1 HOUR : UPPER TARGET IS 35300 AND DOWN TARGET IS 31111we have 3 angeel on dow and look like want go to fibo161%(nasdaq too,,have buy ) dont pick sell more ,,,for sell we need dow break RED TREND LINE
buystop on high + buy above green arrow near EMA200 1hour is best action for now
if you have old sells, 100% put hedge buystop on last high and never never close it (main trend is up) , break 3angel will flyup dow ,,,,, then in next low close your sells frist,then in high close hedge buy
ALERT = INDEX LIKE NASDAQ,DOW,DAX ARE VERY COMPLEX,HARD NEED MINIMUM 5 YEAR PRACTICE ON DEMO ,if you dont have 5 year practice dont trade it in real money
good luck
SPY COVID Correlation - 119pt BOTTOMI just noticed this (should have seen it earlier).
In the midst of a GLOBAL ECONOMIC COLLAPSE, the SPY fell a little over 119 points before bottoming. My interpretation of this move is that traders/investors suddenly realized the US/Global markets would continue to function - even in the midst of a global lockdown.
Now, fast-forward to 2022.
Hey, guess what. The range from the peak in early 2022 to the bottom in October 2022 was just a little over 119 pts.
Correlation or coincidence?
Can we try to equate this -119pt contraction to a global crisis event (like COVID) - where the entire globe moved into LOCKDOWN?... Um. NO.
Are we seeing global financial conditions tighten as central banks raise rates? You bet.
If this the end of the move? I'm not sure, but it would appear to be lacking any global crisis event - we could have already seen the low/bottom in October 2022.
I have a funny feeling the -119 price contraction will come into play in the near future.
Are you following my research yet?
SPY New High - likely headed higher.Are you following my research yet?
Check out my SPY Cycle Patterns and decide for yourself if my predictions are accurate:
SPY Cycle Patterns for this week:
1/15/2023 GAP Potential
1/16/2023 GAP-Reversal
1/17/2023 Breakdown201
1/18/2023 POP
1/19/2023
1/20/2023 BaseRally301
1/21/2023 Break-Away
1/22/2023 Rally-111
1/23/2023 Carryover
1/24/2023 Inside-Breakaway
1/25/2023 Harami-Inside
1/26/2023 CRUSH
1/27/2023 Rev-Rally
Now, using traditional Fibonacci price modeling, we can see the recent support level held and a New High was reached.
This indicates the SPY will likely attempt a bit of consolidation/rotation over the next 4+ days, but will likely rally even higher in early Feb.
Follow my research. It's simple and easy to follow.
Dow Futures (YM) Looking for 5 Waves Elliott Wave Move LowerCycle from 12.13.2022 high in Dow Futures (YM) is unfolding as a zigzag Elliott Wave structure. Down from 12.13.2022 high, wave A ended at 32686. Wave B rally ended at 34487 as the 90 minutes chart below shows. Internal subdivision of wave B unfolded as a zigzag structure in lesser degree. Up from wave A, wave ((a)) ended at 33663 and dips in wave ((b)) ended at 32750. Index then extended higher in wave ((c)) as a 5 waves diagonal. Up from wave ((b)), wave (i) ended at 33613 and dips in wave (ii) ended at 32943. Wave (iii) ended at 34080, wave (iv) ended at 33489, and final leg higher wave (v) ended at 34487 which completed wave ((c)) and B in higher degree.
Wave C lower is currently in progress as an impulse structure. The Index still needs to break below wave A at 32686 to confirm this view. Down from wave B, wave (i) ended at 33916 and rally in wave (ii) ended at 34131. Wave (iii) ended at 33318 and expect rally in wave (iv) to fail and Index to extend lower in wave (v) to complete wave ((i)). Afterwards, it should rally in wave ((ii)) to correct cycle from 1.16.2023 high before the decline resumes. Near term, as far as pivot at 34487 high stays intact, expect rally to fail in 3, 7, or 11 swing for further downside. Potential target lower is 100% – 161.8% Fibonacci extension of wave A. This area comes at 30385 – 31952 from where buyers can appear and Index can start to resume higher.
ES Looking For Support Near 3920 - Then LIFTOFFPay attention. Today will likely be a large range bar - possibly with a deep low near 3920.
My SPY cycle patterns call today a "Major CRUSH". That means we could see a very large price range today.
Combined with other SPY Cycle patterns, I believe the ES will attempt to establish a base/bottom - retesting recent lows.
As we move into 2023, be aware that cycle trends have shifted. We are entering a Wave-5 bullish price trend.
This Wave-5 trend may not result in new all-time highs this year, but we should see a solid recovery/reversion back to the upside.
There are still risks related to the global banking/credit system, so stay cautious of crisis events.
Follow my research. Pay attention to the clear market data - not the perma-bears that continue to tell you a "major crash" is about to happen.
After today, we move into more bullish consolidation as Earnings start to hit.
SPY Fibonacci & TA. Bullish Target Above $410.For everyone interested:
Expect volatility to be king over the next few weeks (earnings and economic data).
SPY reaching a major APEX in price trend. It is very likely to resolve to the upside, but that means we have to be prepared for "false breakouts".
Fibonacci price trends suggest current trend is BULLISH (closing GAPS). The upper GAP may be the next target on a strong rally phase.
Don't play around with this trend. If you are SHORT - PROTECT YOUR CAPITAL.
Economic data continues to suggest the US markets will resolve to the upside if inflation trends continue to weaken.
Follow my research & videos.
I've been trying to warn you about the start of a Wave-5 rally for more than 5+ months.
Global Markets Are Setting Up A MAJOR BOTTOM For 2023+US/Global markets are actively seeking a bottom at this point.
We've witnessed the largest unwinding of global excesses since the DOT COM bubble and, before that, the 1929 market peak.
Use this symbol to experiment with market trends/setups: (TSLA + ARKK + ARKW + ARKQ + GME ) / 5
In my opinion, the deep selling is nearly over. This chart shows the custom symbol is very close to the center level on the historical Pitchfork and very close to a 1.0 (100%) Fibonacci extension from 2016 to 2019. I suspect the unwinding of the global markets is very close to a BOTTOM right now.
2023 could be very explosive, considering the extreme downside pressure we've seen over the past 15+ months.
Think about this for a few minutes...
_This chart shows price is currently AT or BELOW 2016~2018 center Std Dev levels. It may move a bit lower before actually finding a bottom.
_This price level represents a pre-2019 earnings/revenue expectation (ignoring the past four years of progress).
_The US Fed has already disrupted inflation trends and will likely shift towards more moderate policies in H1:2023.
_This was not an excess bubble as much as it was a speculative bubble during the COVID supply disruption.
Now, we shift back to more normal Revenue/Growth expectations. The US/Global markets are actively seeking a bottom RIGHT NOW. The reversion/reflation trade (bullish) could be very powerful.
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Precious Metals will continue to appreciate - just like what happened in 2002~2005+. We are in the early stages of a reflation cycle (post COVID speculative bubble).
The bubble has burst. Prices have deflated. A reflation rally is very likely unless some global crisis event disrupts the global economy. Gold and Silver will likely rally 35% to 55% higher over the next 2+ years (possibly higher).
This is just like 2002~2005 all over again.
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I believe it is time to start initiating "TOKEN" positions in deeply undervalued Technology, Energy, Consumer Staples, Healthcare, and other "relation" sectors.
Follow my research.
Weekly Analysis 12/18After a crazy, news heavy week, I expect price to begin bullish, and end bearish. Next week, we have the Consumer Confidence, GDP, and PCE releases. It will be interesting to see if we do in fact see a santa rally to finish the year off. In ICT fashion, I expect the high of week to be made on tuesday / wednesday.
New SPY Cycle Patterns Headed Into Christmas 2022Pay attention to the very real possibility that the current GAP will be filled early this week as price attempts to find a base/bottom after last week's selling.
I expect moderate volatility and a change of trend as we move closer to Christmas. Initially, we'll see some moderate downward price pressure, then we'll see a shift upward near the end of this week.
12/18/2022 Inside-Breakaway
12/19/2022 POP
12/20/2022
12/21/2022 Top/Resistance
12/22/2022 Flat-Down
12/23/2022 MntmRally-012
12/24/2022 GapUp-Lower
Remember, stay protected and stay safe as volatility may be excessive over the next few weeks. 2023 looks very interesting. Follow my research to learn more.
Watch for Flag Support near 3932.Markets are digesting the Fed rate increase and consolidating in an uptrend.
Watch for Flag support near 3930~3932.
Bias should still be BULLISH right now.
Protect your capital as we move into end of year trading. Don't get aggressive with trades.
Follow my research.
US Stocks are about to EXPLODE higher. Here we goThe reflation trade in the US stock market (Wave-5) is about to explode above the GREEN resistance line.
Far too many people continue to believe the US markets will collapse on some Fed/Economic crisis event. What they don't understand is the US is in a different position right now.
Yes, deflation trends may continue for REAL ASSETS (homes, cars, commodities, others), but as long as the US economy continues to tick along (employment, wages, consumers), billions of dollars every month flow into IRAs, 401Ks, and other investment assets.
This is what I call the "economic bias" related to money flow and US dollar depreciation. Over time, the natural process of the US/global economy is to GROW - not CONTRACT.
Therefore, we need to be prepared for a reflation trade (similar to 2003-05 when the US markets move upward after the 9/11 event).
Follow my research.
ES support @ 4018 now becomes critical trigger levelThis big rotation to the upside, after the CPI number, presents a new $4018 support level on the ES for traders.
The Fed rate decision tomorrow may send markets briefly below this level, but watch for a reflation trade to setup after the Fed comments.
If my research is correct, a melt-up trend has already been established. I expect the US Dollar to melt back above 105 while Gold and Silver continue to melt upward as well.
The US markets may continue this upward trend into Q1:2023.
Follow my research.
SPY Cycle Patterns For Dec 12, 2022 - More sideways melt-up.Here are the SPY Cycle Patterns for this week.
Expect more sideways melt-up trending as we head into the Fed rate decision and key economic data.
Traders will start to shift into early 2023 expectations this week (after the Fed). Check out my other posts.
The markets are not expecting anything extraordinary right now - more of the same.
The Fed rate decision will likely come in between 50pb and 75pb (as expected).
All of this has been BAKED INTO the markets already.
I can tell you what I'm seeing out here in So. Cal... Shoppers EVERYWHERE. Traffic is a mess. Lots of our of state cars everywhere. Malls and shopping centers seem packed.
From what I can see, Q4:2022 will probably stay very solid for retail and online shopping. Unless there is some catalyst to BREAK the markets, US stocks should slide into 2023 with fairly strong expectations.
Follow my research.
ES Critical Zone - 3990-3995. Watch for a melt-up trend this wee#ES 60 Min Zones for this week.
Support: 3912 & 3960
Resistance: 4018, 4058, & 4101
Trigger Zone: 3990~3995
I expect a melt-up to continue as expectations for 2023 settle into the EOY trends - likely attempting to break resistance at 4058 & 4101.
Follow my research.