My analysis of the Russell 2000 surprises me, since I am instinctively more bearish than the chart seems to be. Hopefully you will challenge my forecast with your tough questions, since this venue is meant to arouse the reverse-engineers and to provoke the thinkers to do what they do best, right?
As always, I strive to render these ideas of mine so obviously that their explanation will require no words.
Nevertheless, this 4:1 Long trade on the M2k1! chart is of fundamental interest, considering that the Russell 2000 Index is a leading indicator of the US economy as a whole. Note that I have not entered the trade, because I expect price to fall farther still, as indicated by the custom Trend Exhaustion Wedge.
Although my trading strategy is built on innate Pattern Recognition and a hard-won sympathy for the Market Maker’s Business Model, my tactics - including the beauty of Tradingview and how it makes me look good - are based on identifying the opportunities within VOLUME, VOLATILITY and TREND EXHAUSTION.
As I mention in most of my other ideas, trading the CD leg of harmonic patterns is especially risky, since they are NOT confirmed until after the D-point prints.
Although I prefer to rely on the charts, I cannot help but notice the many challenges being visited upon China these days, which could indicate a timely trend reversal for American industries. Of course, this is NOT a longterm forecast, nor am I instinctively bullish, per se.
In the short and medium terms, price action should remain bound by the 0.236 to 0.382 Fibonacci retracement range set by the ATH during the "Everything Peak", shown in this 4h chart by the highlighted Purple channel. There are so many unknowns beyond Q2 2024 (on account of CBDCs, among other variables), that it is too soon to assume that price action will return to the Blue accumulation zone that also marks the top of the forecasted move, even though some important pre-Covid levels have been tested.
Followers of my ideas may not be familiar with the aforementioned Wedge, which (among other things) suggests possible late entries in case price fails to hit the specified entry level from below, after confirming a C-point. The Wedge is merely one of many details in the full chart, which can't be seen in this condensed 4h version.
I am preparing a video on prospecting for opportunities during the Sector Rotation, and the RUT and the E-Mini Futures are part of it. First, though, I have a few more ideas to upload as I update other key charts for the final Quarter of 2023.
Until then, be liquid !!!](<My analysis of the Russell 2000 surprises me, since I am instinctively more bearish than the chart seems to be. Hopefully you will challenge my forecast with your tough questions, since this venue is meant to arouse the reverse-engineers and to provoke the thinkers to do what they do best, right?
As always, I strive to render these ideas of mine so obviously that their explanation will require no words.
Nevertheless, this 4:1 Long trade on the M2k1! chart is of fundamental interest, considering that the Russell 2000 Index is a leading indicator of the US economy as a whole. Note that I have not entered the trade, because I expect price to fall farther still, as indicated by the custom Trend Exhaustion Wedge.
Although my trading strategy is built on innate Pattern Recognition and a hard-won sympathy for the Market Maker’s Business Model, my tactics - including the beauty of Tradingview and how it makes me look good - are based on identifying the opportunities within VOLUME, VOLATILITY and TREND EXHAUSTION.
As I mention in most of my other ideas, trading the CD leg of harmonic patterns is especially risky, since they are NOT confirmed until after the D-point prints.
Although I prefer to rely on the charts, I cannot help but notice the many challenges being visited upon China these days, which could indicate a timely trend reversal for American industries. Of course, this is NOT a longterm forecast, nor am I instinctively bullish, per se.
In the short and medium terms, price action should remain bound by the 0.236 to 0.382 Fibonacci retracement range set by the ATH during the "Everything Peak", shown in this 4h chart by the highlighted Purple channel. There are so many unknowns beyond Q2 2024 (on account of CBDCs, among other variables), that it is too soon to assume that price action will return to the Blue accumulation zone that also marks the top of the forecasted move, even though some important pre-Covid levels have been tested.
Followers of my ideas may not be familiar with the aforementioned Wedge, which (among other things) suggests possible late entries in case price fails to hit the specified entry level from below, after confirming a C-point. The Wedge is merely one of many details in the full chart, which can't be seen in this condensed 4h version.
I am preparing a video on prospecting for opportunities during the Sector Rotation, and the RUT and the E-Mini Futures are part of it. First, though, I have a few more ideas to upload as I update other key charts for the final Quarter of 2023.
The text is a delight to read, feels like I am in an academic seminar; but the chart is making me wonder how I ended up at this party and if anyone slipped anything in my drink. Looks like a fun party though. Keep up the good work!
TheLeadingIndicator
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@nen, Many thanks. Now that I've got 10 followers, I think I'll start streaming, so let me know if there's anything in particular you like in your drink. Cheers.
nen
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@TheLeadingIndicator, I have 80 followers and even if I get to 80k I wouldn't start streaming. My heroes are Buddha and other no names that hide in temples or ashrams and meditate without promoting themselves. But I admire your courage and enthusiasm. Everyone deserves a pat on the back from time to time, especially if they are harmless and are not hurting anyone. It is not just an antidote for hate speech and other mean sarcasm that might appear on social platforms. It's a better world. Do what you enjoy and have fun doing it! If there is anything I would like in my drink is a little bit of your determination to do things. I don't have the fuel to start streaming or promoting my projects. So congrats for that too!
TheLeadingIndicator
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@nen, Whoever said I am harmless was lying, and wouldn't say it to my face. Anyways, I have a YouTube channel that I will start up again soon, and my work is as unique as yours, right on down to the sound design (not my voice, for one thing). The last one in the catalog is short (3:03), and you might enjoy the whole theme of the channel. "The Differential Duplex" youtube.com/watch?v=ItgRWXBuM3o . For a more Buddhist slant, check out "Bardos, or How to Retire in 49 Days" youtube.com/watch?v=hZW15DZap_I&t=321s . Of course I can't make stuff like that on Tradingview, but there's also more to my shit than mere stink. Cheers!
nen
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@TheLeadingIndicator, I watched them and the music is good, the discourse is cool (better than fear and loathing in las vegas). Thank you for the inspiration, this actually helped me think of new ways to present things. If you ever want or need new material for your video projects, let me know, maybe I can mix something up.
TheLeadingIndicator
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@nen, I'm always open to suggestions for content. Here's one that has no charts, but that is VERY instructional about capital flow. It's based on a true story of black market currency speculators in the 1980s. "BLACK MARKET 1 : Currency Racketeering & The Bullish Case for CBDCs" - youtube.com/watch?v=BAXByZ0PNWY . I hope you like "Money Thieves". And yeah, hit me up with content ideas and I'll run them by the elves in the Workshop. Cheers.
nen
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@TheLeadingIndicator, I am only 53 seconds in and I am already thinking: "This is good!"