All notes on chart. Simple setup
Just riding the waves. Clear 5 wave down for possible A wave now looking for completion of B wave. Of course this count is purely speculative and we wont know until later if we are just progressing through a larger bullish correction or entering a new cycle down.
Markets breaking out of correction and I noticed aapl's cycle was lagging compared to the sp&q's took long around 130 looking for push up to 135 for first tp.
Breaking out of big abc correction and heading for 1k min before any sizable pback. Ill be adding to my position once we break 400 res and the buy will be on the re-test of that now turned support
2900-2800 price targets...lots and lots of good fib confluence around this range to support price targets...dont be greedy if we make it to 2900 and make the mistake of not booking profit on most of position...ask questions
Could be longterm top might just be end move of a correction for more up
Hello, This is a view of the sp bigger picture and the general path I see for this correction. Fib confluence and cloned move of this recent big move down which gives us an idea for important areas of interest. Rule of alternation is holding true when comparing the prior early 2000's correction, which was a flat. Let me know if you have any questions!
Very simple swing setup. Ill be scaling in on the Sunday open 25% long and will continue to add as long as structure continues to support the setup. I do not typically update my ideas, so if you would like to get my thoughts, feel free to send me a DM. Thanks for stopping by and happy trading!
Being bear was fun but nice buy setup here. Maybe to new ath!
the flippening is happening. We break 2708 local low and we will confirm a mjor bearish reversal that will more than likely result in a major correction for the US equities. If your baby boomer planning to retire from your market gains over the last 8-10 years then i sure hope you have a plan to preserve your capital or else it will probably end up in my account....
I see alot of indications of a reversal there is triple bullish divergence on the h2 and more on other time frames. This was a a retail trap and influenced over-reaction to the news of the rate hike. But funny thing is though this wasnt news really, the market had already priced in this rate hike when it was announced there would be multiple hikes before the...