The past 3 FOMC press conferences have been followed up by a pump into the end of day. The last 2 times, the day after, or even after the close of the day, SPX sold off and made a new low. We shall see if history will repeat itself this this time. If helpful, please boost and follow. Cheers.
Have some interesting Elliott Wave price action on this one. Some nice potential impulses to play off of. This would be the bearish variant. Bulls really need to break above and flip 3-3.40. Could be done at this point but there is a potential for one more leg up, before either more sideway or another leg lower. If helpful, like, follow and boost. Cheers.
So this would be the bearish variant of pattern in the recent price action in SPX. Will need to see these levels broken to provide more compelling evidence for the bears case. There can be a lot of PA after this that lead to some back and forth, but a break of the 4177 pivot along with these other pivots could lead to some clarity of count. If helpful, like,...
Nice bounce will be watching how it develops. The initial move up looks corrective to me, but in any case, a Zigzag and double Zigzags have similar most likely targets, so I will be looking in the same area regardless. Some nice confluence in that area. If helpful, please like and follow! Cheers.
A few things have to finish for this to play out to plan, but if the move down from 22.5k is not done and plays out in this general form, here is what I am looking for. Doesnt really matter to me what the potential impulse is finishing. Its an impulse, its a possible anchor and in this position the probabilities are limited. If bitcoin rockets from here, oh well...
Pretty cool how a simple channel can act as an auto lazer level identifier. At the range median now. Flipping this to support would be ideal, for bulls, but I will be watching these other levels as well. Please like and follow if helpful. Cheers.
It is important to remember that just because you have a completed zig zig, you do not necessarily have a completed correction... it could only just be the beginning. Please like and follow if helpful. Cheers!
If this PA plays out and moves towards 20k, I will be watching for these 2 setups, either way is fine with me. This area has proven it validity to me so its on watch. Please like and follow if helpful. Cheers!
Keeping an eye on this triangle setting up. It is hitting some markers, imo. Going to set alarms and see how it develops. If helpful please like and follow, cheers!
These are some of the major levels i am looking for confluence on and going to be playing off of. They may come in handy... Check out some of my other charts and If help full, please like and follow. Cheers!
Fun chart, looking for one more leg down, may be completing something, so watching this count. Check out some of my other stuff and give a like and follow if helpful. Cheers!
Some interesting structures here, looking for a break here to lead to some clarity. There is a trade here in my opinion, but depending on the break, could lead to even more setups to watch for, MO. Check out some of my other stuff and give a like and follow if helpful. Cheers!
Has been tracking pretty well so far, will need PA to make a lower lower here to keep things on track. Some targets are on the chart but 23-24 has some confluence on it. atm.
XRP some converging trend lines. Running out of time for a W4 but could be reaching out for this channel median. it may pop up, and if it starts getting too big for the current wave 2 I may have to asses the degree, but this looks the cleanest from this angle. above .5 is suspicious for this count.
Potential for One More Leg Down here on some divergence would be ideal. Looking towards some most likely targets for some clues for a bounce area. Going to watch how/if this wave progresses from here.
Here are some options I am watching... which means things are not super clear at the moment. So a dilly of clarity would be welcomed. There is still some time and price retrace allowance here, MO. So hunting for an end and definitive pattern.
Possible impulse down complete on this degree, so looking for a possible wave 4 in progress. Breaking above 33k would have me curious but the wave 2 here is a sideways pattern so a sharp 4 is not out of the question. Just the basic most likely targets here. The move up appears to be a ZZ atm on low vol.
Watching these converging trendlines. If it gets a break below would be a nice anchor for the count and complete a possible impulse. For me an ideal move for clarity would be a move down to the PTT but triangles can be tricky.