Parabolic Channel - Yellow Resting Channel - White I believe we are going to be trading in this Resting Channel for some time before we see another Parabolic move. That said, there is still significant upside to the resting channel around $36,500. If for the first time we were to get rejected at the top of the resting channel it could potentially send us all the...
SPX has formed a two month major divergence starting in Sept. 2018 to the present. The only other time it did this was in May of 1998 - Sept. 2000, when the SPX dropped by 50%.
The DXY is recreating a 2017 bearish to bullish reversal pattern. Coming out of a falling angle. It is also showing a HUGE daily bullish divergence from February 2018 to July 2020. I would love your thoughts on this. Please comment.
There is a bearish divergence on BTC daily. I looked for a past daily divergence at the beginning of the last bull cycle. I found one in 2017. If the same divergence plays out it had a 31% pull back.
S&P (SPX) is in large broadening wedge pattern. There is also a weekly Bearish divergence.
Iv noticed on the 4d chart that every time the RSI has broken 70, even if it has fallen back below, it has been the start or the continuation of a Bull Market. Not once has if failed. Our current over 70 looks eerily similar to the 2012 RSI over 70. They both have wedge consolidation, then went over 70 then dipped back below. Any thoughts?
All we have done so far is move our main resistance line to where we are currently at. Creating a new wedge from the highs of the previous wedge and the lows of our current wedge, which creates our new base line. Just as the first wedge was created off the tops and bottoms of the its predecessor wedge. If we continue in this wedge Bitcoin still has a strong...