Hello!
I see these two harmonic patterns as the main reference points, or competing forces in play now.
Do you see how the green lines form a 3D Channel? The solid line is always bottom and closest to you. The dotted line is always the Resistance on the top of the 3d channel. The dashed line is the bottom rear support.
I do believe that this coincides with a relative top... We may see some slightly bullish oscillations as illustrated (and beyond) as we progress along the ATH resistance vector, and even push it up slightly.
There are also projection forces from many of the relatively similar harmonic patterns that projected their way up the last arc... I'm thinking that these may stretch out the oscillations along the ATH resistance... this is the only chance the bulls have to extend this... short of any stimulus of course...
Now, do you see how the pink patterns is expanding? I have seen people suggest that the expanding megaphone pattern is a bearish sign... I think this a good visual of how that can look. Its cool to find the channels as soon as possible as they are forming... thats the game I like to play, and its why many of my charts have so many lines.... well... we don't know which of the smaller historical projections is going to end up dominating the next big move... so its good to know where all of them are... that way we can make sure that any projections fit the playing field and assess their probability of playing out by how that fit develops over time.
I think its pretty cool to see when many of the projections are arcing over from bullish to bearish ... cause the expanding pink channel will soon completely over whelm the green, as new even steeper channels form with in it!
Also... this chart always has a perspective of looking at it from above... This is notable. This is different than any crypto chart... we view them from underneath.
I believe that is the difference between an inflation market and an actual growing market. The entire field of the SP500 has been tilted down toward you... always a struggle to keep it from crashing.... perpetually inflated. Now we are having the beginning of hyper inflation - or the market crashes. Either way... the dollar looses. I have this strange feeling that crypto wins. :)
Oh... the SP500 CEO's are apparently attending a forum on the 4th to learn about using bitcoin for the companies financial assets.
Should this be a quick reminder to follow me, if you want to see more unique perspectives on the markets? Do you like how that was a question? ;)
Good Luck!
I see these two harmonic patterns as the main reference points, or competing forces in play now.
Do you see how the green lines form a 3D Channel? The solid line is always bottom and closest to you. The dotted line is always the Resistance on the top of the 3d channel. The dashed line is the bottom rear support.
I do believe that this coincides with a relative top... We may see some slightly bullish oscillations as illustrated (and beyond) as we progress along the ATH resistance vector, and even push it up slightly.
There are also projection forces from many of the relatively similar harmonic patterns that projected their way up the last arc... I'm thinking that these may stretch out the oscillations along the ATH resistance... this is the only chance the bulls have to extend this... short of any stimulus of course...
Now, do you see how the pink patterns is expanding? I have seen people suggest that the expanding megaphone pattern is a bearish sign... I think this a good visual of how that can look. Its cool to find the channels as soon as possible as they are forming... thats the game I like to play, and its why many of my charts have so many lines.... well... we don't know which of the smaller historical projections is going to end up dominating the next big move... so its good to know where all of them are... that way we can make sure that any projections fit the playing field and assess their probability of playing out by how that fit develops over time.
I think its pretty cool to see when many of the projections are arcing over from bullish to bearish ... cause the expanding pink channel will soon completely over whelm the green, as new even steeper channels form with in it!
Also... this chart always has a perspective of looking at it from above... This is notable. This is different than any crypto chart... we view them from underneath.
I believe that is the difference between an inflation market and an actual growing market. The entire field of the SP500 has been tilted down toward you... always a struggle to keep it from crashing.... perpetually inflated. Now we are having the beginning of hyper inflation - or the market crashes. Either way... the dollar looses. I have this strange feeling that crypto wins. :)
Oh... the SP500 CEO's are apparently attending a forum on the 4th to learn about using bitcoin for the companies financial assets.
Should this be a quick reminder to follow me, if you want to see more unique perspectives on the markets? Do you like how that was a question? ;)
Good Luck!