These are my thoughts for QQQ In yellow is the structure that is common in two places In green is the extension from that structure Both are very similar in length (time wise) Using this we can apply it to the second "structure"
If we apply a big price drop (bars pattern) it shows a large wedge structure with three bottoms along the wedge. Short / medium term this would be very Bearish. However, long term a formation like this is setting up price for big times. The ultimate entry point if this plays out is along the bottom of the wedge (dotted line)
This is gonna be a wild comment but we are in wild times so here it goes. The timeline you laid out here in this TA coincides with an astrological timeline I have been hearing about for months now. In the birthchart of the USA, Pluto, the planet of transformation through destruction, is returning exactly to the place in Capricorn it was in 1776. It will be exact in Feb, 2022. This is quite rare because it's a transit which takes 240+ years to happen. It began its transit in this sign in 2008 and will end it in 2024. The effects of Pluto have to be observed in the progression of a nation due to long orbit of the planet. In the chart of a nation, throughout history, the return of Pluto symbolizes a new beginning, or a final end.
@fantasyste, there are many many sources for this information which can be found on google and youtube. Astrologers have talked about this for months, even years. This is the most concise and all encompassing article I have found so far.
SabahEquityResearch
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Good idea
magnitudes
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My thoughts: holy mother of god lol
Bixley
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@magnitudes, Personally don't believe in Astrology (pseudo), but interesting take..