HEADER - This is the theoretical favorite for next 24 hours.
SUMMARY - There can only be so much "delay". This because too much delay equals trend change. So SHORT TERM BEAR thesis has 24 hours to prove it.
DETAILS - See previous draft for background.
NOTES 1 - It pretty has to hit perfect, perfect, so I am ready to be wrong with this one. a) so on the way down, there are certain places that regressions line up for a move down b) but the counter trend support are really impossible to forecast right unless you are watching 15sec and 30sec bars all of the time c) but if there are too many of these things, the trend change with it d) hence there's only one window left for bears to prove something this week and this is it e) if there's hesitation, punishment tends to follow meaning that... f) in perfect spots for one direction move, if IT DOES NOT MOVE THAT WAY... g) for whatever reasons, it moves THE OPPOSITE STRONGLY AFTERWARDS h) it's like a tug of war, where YOU GET PUNISHED FOR HESITATION
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7:43 AM WED 1970.XX STALL 1) looks like stalling here for now 2) maybe bounce +10 to 1980 3) next 4 hour floor is 1955 4) in theory it should get there (by noon) 5) the next 36 hour floor is 1922 ish right now
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8:45 AM ET BULLISH BIAS TOO STRONG a) past 1983 and holding at 1990 as I type b) so the bullish bias really is strangely strong c) I don't have time to deal with this d) SO THIS POST HAS ENDED e) I don't have a plan right now
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THIS IS EARLY, BUT HERE IS MAY FORECAST:
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7:10 AM ET 04/20 THIS IS IMMEDIATE, BUT HERE IS 36-HOUR BREAK OUT FORECAST: a) for chart above: b) first things first, so we will deal with breakout setup first
Amazing! waiting with you together since 48hrs for this move. Yesterday i think there was a SL Hunter in both ways, but today the "real" and important move happens, this market need to liquidate all the long positions and finally happens now !
Taufiqpino
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lets goo !!!
MATRIX_3resnieptuni
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fail
hindenburgomen
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Very good forecast. We're close to a top imo, downtrend is just getting started.
hindenburgomen
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@hindenburgomen, the top might already be in, I think we'll make a lower low at 2030
Binary_Forecasting_Service
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@hindenburgomen, The April top is in. We are in bear trend to 5/10, but bears don't have conviction. So swing city for a month. The issue here is more swinging means HIGHER FLOOR AS TIME PASSES. For example, this spike today from 1969 to 1996 raised the floor from 1910 to 1920s. If it keeps moving to 2008 again, then floor will be 1953, maybe even higher. Like tug of war.
Taufiqpino
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yeah its too strange too voltality but i believe it will be down again. almost 1 month this price going up always whatever condition
Binary_Forecasting_Service
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@Taufiqpino, I think it hits 1920s sometime before 5/20. I'm just tired of forecasting in general.
akosm
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@MQP, you make an amazing job! I understand when predict and follow chart xhausting. with 5/20 you mean 4/20 so next 24-36hrs?
Binary_Forecasting_Service
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@akosm, No I mean MAY 20, 2023. So 1 month. The intermediate trends are spiraling both ways but lean bearish for 4 more weeks.