The Breaking Bull Trap: Roadmap of Bull Failure in Year Ahead.
I believe we're into the top of a bull trap.
I've made various posts supporting this as we headed into area a bull trap usually ends.
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Now we have our first signs of bull failure with price rejecting the attempt to break the 76 fib.
The forecast here is based on an estimate of the move if the big weekly chart bull trap breaks in the same general style that the 2022 bull trap broke.
This forecasts the start of a bear market now. Although the true memorable part of a crash would not be expected for at least a year and a half from today.
Here's an approximate swings plan:
Short from 4350 to 3900
Long 3800 to 4270
Short 4300 to 3500.
Long 3400 to 3800.
Short 3800 to 2900.
Further updates if these swings hit.
I've made various posts supporting this as we headed into area a bull trap usually ends.
-
Now we have our first signs of bull failure with price rejecting the attempt to break the 76 fib.
The forecast here is based on an estimate of the move if the big weekly chart bull trap breaks in the same general style that the 2022 bull trap broke.
This forecasts the start of a bear market now. Although the true memorable part of a crash would not be expected for at least a year and a half from today.
Here's an approximate swings plan:
Short from 4350 to 3900
Long 3800 to 4270
Short 4300 to 3500.
Long 3400 to 3800.
Short 3800 to 2900.
Further updates if these swings hit.