Beyond just the implications of the war, the technical setup on the Tel Aviv Stock Exchange looks very Bearish as if it's ready to collapse to new lows, as it has confirmed 3 Falling Peaks and will confirm a 3 Line Strike on the Monthly Timeframe in just 14 hours.
I expect that the exchange and all 15 of its Foreign and Domestic owners will be negatively affected...
The QQQ has been trading at the PCZ of this Bearish Shark for quite a while now and it has recently come back to make a 3rd Consecutive Lower High with Hidden Bearish Divergence on the RSI and looks to be ready to confirm it as a 3 Falling Peaks Pattern that I think would result in a major move down towards the 800 EMA or even lower down to the pre-2022 levels.
Walmart has formed a Rising Wedge into the PCZ of a Bearish Alternate Bat, and as it's made its way to the PCZ, the PPO has given us both a Bearish Confrimation Circle and 3 Falling Peaks. If this plays out, I think WMT could easily see $130, but there is room for it to go down to as low as $90.
XRP has formed 3 Falling Peaks below the Moving Averages visible on the intraday timeframes which could take it back down to the previous lows at the very least.
AXL, after giving us a decent type 1 reaction of the 0.886 PCZ, has now begun to slow down and has developed a 3 Falling Peaks pattern with a 4th lower peak for good measure, and it now looks to make a type 2 return to the HOP level, which would take it just below $1.00 if it plays out.
There is a Potential 3 Falling Peaks Pattern getting ready to be confirmed when it cracks through the Confirmation Line, which happens to be around the 0.618 Fibonacci retrace. Upon breaking down the 0.618, I think it will just come straight down to the 100% retrace at around 11 cents.
Old National Bancorp has developed a 3 Falling Peaks pattern after confirming a Partial Rise of the Ascending Broadening Wedge it's been trading within. It has also confirmed MACD Hidden Bearish Divergence.
Based on the price action we've recieved the expected bearish target would be between $5.73 and $1.91
We have 3 Falling Peaks Confirming with Hidden Bearish Divergence leading to a Trendline, if We Close Below the 800 Week EMA and below Trend I think VIX heads towards $10
There is a potential 3 Falling Peaks Pattern with Hidden Bearish Divergence visible on the Monthly Timeframe and if it plays out we could see the USD dump down to around the 0.886 retrace at 0.95CAD.
We do also have Bearish Divergence on the monthly and some of the lower timeframes but the stucture looks the smoothest on the 2 week. We have Confimed the Bearish Dragon Breakdown and are working on confirming the 3 Falling Peaks Pattern if we Break Below $86.78
BTC is trading within a Harmonic Range today and while the Bearish Shark did perform well last night, ultimately price has come back up and created a Bearish Bat at the VAH while showing Bearish Divergence on Volatility. As the 89SMA approaches i'd want to see BTC come down towards and break the confirmation line to begin a move down to $16,500-$15,000 to complete...
FTM is Breaking Bearishly below Weekly Support and is also Breaking through the confirmation line of a 3 Falling Peaks Pattern and the next logical level for it to retrace to will be the 61.8% Retrace at 3.2 Cents and the 88.6% Rretrace at Forty-Two Hundredths of a Cent.
I don't really have an entry on this one i just wanted to document the price action of this chart.
LUNC looks to be breaking the Validation Line for both a 3 Falling Peaks pattern and a Bearish bat Action Magnet Move both of which would take it down to a Minimum 786-886 retrace depending on which pattern you ttraded.
