ValkyrieBlue

ValkyrieBlue

There are two pennants sharing a bottom line. A breakout has occurred. Targets are identified by bullseyes. As always, set a stoploss just in case.

ValkyrieBlue Updated 

This pennant has a strong probability to generate a directional move, 15-20% in either direction. Wait for breakout and trade accordingly. Make sure to stay flexible and reverse the position if a headfake occurs. Generally speaking, pennants usually continue the previous trend, and so a downwards breakout should be given a higher probability of occurring.

ValkyrieBlue

This is in prime headfake territory, but could also launch... stay frosty.

ValkyrieBlue Updated 

The 2022 March low is a massive bull trap, signaled by trend breaks and a monthly RSI divergence. The setup here reminds me of 1987. Check out the Sqzme DIX index to see the balance of OTC transactions (Over-The-Counter trades, conducted by hedge funds, banks etc). DIX indicates a bull trap to a scale not seen in over 10 years. Heavy OTC buy-side initiation...

ValkyrieBlue

There are three reasons for a downward breakout of the megaphone (broadening wedge). 1. Head fake 2, Declining volume on rally 3. Very overbought RSI

ValkyrieBlue

That wick should hide it from the algos. Good setup for a short and stop loss , in my personal opinion.

ValkyrieBlue

The red lines are the corrective fan principle. Once the 3rd fan is broken, the end of the bull market trend is confirmed. The 3rd fan was broken on 9/20/21. Since then, the new all time high is classified as a bear market retrace, and it is not uncommon for initial retracements to exceed 100% of the previous move, as occurred here. The price is also in a primary...

ValkyrieBlue

We're no strangers to love You know the rules and so do I A full commitment's what I'm thinking of You wouldn't get this from any other guy I just wanna tell you how I'm feeling Gotta make you understand Never gonna give you up Never gonna let you down Never gonna run around and desert you Never gonna make you cry Never gonna say goodbye Never gonna tell a lie...

ValkyrieBlue

This pennant has not signaled which way it'll break out, but it's imminent. A solid breakout in either direction would go about 3.5% from the break point, based on the size of the pennant. If I had to guess, I'd say there's a higher probability of a downside break (long term charts, currently in a downtrend).

ValkyrieBlue

Double top & trend break. Removing the effect of M2 is a way to view the market without the manipulation of extreme money printing.

ValkyrieBlue Updated 

Please see my previous post for an explanation of the technical signals shown. The post is linked below. In my opinion, this is the best way to utilize the technical information. My vehicle of choice would be SQQQ, which would give a potential profit/loss of 10%/-2.5%.

ValkyrieBlue

Nasdaq has been trending since the middle of May. It broke the trend on July 15th and checked the underside of the trend on the 16th. Today it completed a precise Fibonacci Retracement which coincides with a potential downwards channel. This sequence highlights a Head and Shoulders reversal pattern which is nearing completion. Don't forget, the trend has already...

ValkyrieBlue

A few months back, I wrote a guide for identifying blow off tops in the S&P. I've linked that idea below. We are currently witnessing all the signs that a blow off is in progress.

ValkyrieBlue

The price has broken out of the massive rising wedge and checked the bottom support that is now resistance. Volume and RSI both signal that the breakout is legitimate. Standard target would be around 30,000. This will probably be a violent move. See my previous idea for more detailed info (linked). This is my opinion, it's not advice.

ValkyrieBlue

Head and Shoulders + Bear Flag should drive the price to target. Key support at 53,000 would be broken as a result. Target is 51,500. This is my opinion, not advice.

ValkyrieBlue

The support near 53k is the only thing holding back a major correction. Please see my previous Bitcoin post for an expanded view. We are on a path to retest 53k overnight... and if it fails... look out below. This is all my opinion, it's not advice.

ValkyrieBlue Updated 

Will the breakout be a rocket or a crash? I don't know yet... but, I have three great ways to tell when it starts and be able to jump in early to catch most of the action. 1. We're in a massive ascending wedge. These wedges can go either way, but they usually break out explosively. The action in Nikkei and Crude Oil during the middle of last year are two great...

ValkyrieBlue

Good luck!