So, I wanted to try something new.
Let's take a look at the SPX chart.
I plotted pitchfork by taking the median line as the starting high of February 2020,
and setting the bottom at the downside and the ATH in January 2022.
And I discovered a newly published indicator Whalemap.
it tracks seller and buyer activity through order analysis.
In December at the 0.756 level of this pitchfork,
Whalemap printed weekly sell-signal.
However, for this trading instrument (SPX i mean)
it seems to be somewhat ahead of the curve.
Okay, if price is still inside this huge channel, let's assume that with
the selling pressure it won't be able to break out of the channel.
A new ATH may well be formed without leaving pitchfork channel.
If degree of the rise doesn't change, it may well reach ~5050 points
before SPX begins a correction.
Additionally, I left my favorite VFI_LF
which indicates a two-year divergence
of volume flow.
This can't help but end in a strong correction.
Let's take a look at the SPX chart.
I plotted pitchfork by taking the median line as the starting high of February 2020,
and setting the bottom at the downside and the ATH in January 2022.
And I discovered a newly published indicator Whalemap.
it tracks seller and buyer activity through order analysis.
In December at the 0.756 level of this pitchfork,
Whalemap printed weekly sell-signal.
However, for this trading instrument (SPX i mean)
it seems to be somewhat ahead of the curve.
Okay, if price is still inside this huge channel, let's assume that with
the selling pressure it won't be able to break out of the channel.
A new ATH may well be formed without leaving pitchfork channel.
If degree of the rise doesn't change, it may well reach ~5050 points
before SPX begins a correction.
Additionally, I left my favorite VFI_LF
which indicates a two-year divergence
of volume flow.
This can't help but end in a strong correction.
Comment:
TW has some wild rules, they can prosecute you for linking to YouTube.
Ok, just saying, on YouTube go to the @StockMarketCycles channel and check out the new video about SPX. He says the case smells like napalm.
Ok, just saying, on YouTube go to the @StockMarketCycles channel and check out the new video about SPX. He says the case smells like napalm.
Comment:
Comment:
It seems this butterfly has begun its work.
Comment:
:)))
I continue experimenting and lead the
fall not only to the channel boundary,
but also to the point where the Whalemap
indicator line indicates the past rapid activity of buyers.
They intersect at about ~2950.
Will this magnet work?
I'll be watching.