ProfitHarvest

[SPX] Double Head and Shoulders Lower Low? Bearish W!? WTH?

Short
SPCFD:SPX   S&P 500 Index
Such delicious bounces and momentum, loving this Price Action.

Notice how each shoulder got rejected at the exact same magenta fractal point (top of 1.5Y Peak Channel), this latest one in our core Peak Box Fractal .

That showing today was impressive but until Price Action stops creating bearish patterns, it's lookin bearish and increasingly like a proper Top.

Tomorrow will necessarily be pivotal, even holding steady would be a solid win for Bulls.

This is already 3rd LL peak.

Oh and about that Bearish W.

We've seen a lot of Bullish ones in this massive rally, if this holds that'll be a the first big Bearish one .
Comment: Look at that reflection, what a beautiful Peak this could be...
Comment: So far so good...
Comment: Damn near nailed the reversal today lol plus ANOTHER mini H&S...
Comment: Now's your chance Bulls... GET IT!
Comment: That's two rejections today off my random H&S Top fractal prediction lol... Are you not entertained!?
Comment: Even the yellow fractalceptioned 2D H&S right shoulder held up pretty well!
Comment: Latest idea...
Comment: It's exactly following the Bearish W path and bouncin off fractals along the way...
Comment: That dashed line is scary accurate, god damn...
Comment: Just look at these beautiful 5m waterfalls right off the 1.5Y Peak Channel mid-line:
Comment: Latest idea...
Comment: This idea is just playin out too good, we got Pennant retest and rejection right at the 1.5Y Peak Channel mid-line...
Comment: Closeup view...
Comment: Bulls got rejected pretty cleanly so far...
Comment: Made it to 3.76k!

Comments

I still think another and final ATH coming..
+3 Reply
ProfitHarvest GreenCandleTrading-GCT
@GreenCandleTrading-GCT, ah interesting. I’m leaning toward @frodo75 ‘s 4K is impossible theory precisely because everyone thinks it’s inevitable.

Where’s the top then?
+1 Reply
@ProfitHarvest, It's totally possible but per my count another high should come and anyway I might have done a mistake counting or something so let's see..
check my last chart for SPX 500 I put possible top levels but to be 100% per decimal I need to watch it on lower time frames once reaches to that area.
+1 Reply
ProfitHarvest GreenCandleTrading-GCT
@GreenCandleTrading-GCT, That Price Action just strugglin to break through again, creating more and more bearish patterns, I dunno how it gets to new ATH again.
Reply
@ProfitHarvest, maybe we topped it's possible but still I am bullish for another and final ATH unless it breaks the last low formed at 3788.2
Reply
stonkasaurusrex GreenCandleTrading-GCT
@ProfitHarvest I'm also beginning to believe that we will not see 4k. The market doesn't do what everyone expects it to do, there is too much money to be made knowing everyone expects 4k and pulling the rug out before it happens
+1 Reply
ProfitHarvest stonkasaurusrex
@stonkasaurusrex, It would seem an opportune moment.
Reply
I think you're wrong
+2 Reply
ProfitHarvest Yuriy_Bishko
@Yuriy_Bishko, you’re just jealous
+1 Reply
unicow Yuriy_Bishko
@Yuriy_Bishko, yeah. It’ll probably just keep going up forever because it makes tons of sense that it’s been going up!
Reply
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