Putting on the same chart the S&P and fed rate the last three market bottoms happened a year and a half after the fed funds rate peaks. (589 days avg.) That would put the next one in September 2024
Has SP500 really bottomed? This could be inverse head and shoulders chart pattern if I'm seeing it right. :-) There are set ups, market sentiment has improved, FTD day - check, net highs and lows positive, some stock got clobbered during this correction, no one believes this is beginning of new bull market (me neither, but technicals point that we might just have...
It might not make much sense in the current mood because the majority of market participants expect either more downside or sideways price action for the next 12/18 months, but I feel the real surprise would be an upside move. A strong move, forcing the many in disbelief to rush in mid-to-late on the way to an early top somewhere in the low 6 figures range. I...
Here's a 30m chart to highlight detail of the inverse head and shoulders built on CRWD. Green line weekly support goes back to the lows of August 2020. Purple box is a large daily gap left from late last year up to $138 area. If looking from peak to trough of the head and shoulders, it's roughly $16 from neckline to low of the head, in a breakout of neckline it...
Is this the bottom? IDK, maybe, maybe not. If it were, this is how it'd likely play out.
The price is testing the neckline of the inverse head and shoulders. The price created the rounded bottom pattern as well. How to approach it? the price needs to create a breakout from the neckline with volume and retest it as new support, so According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly...
Buy US30, extremely oversold, couldnt break lows, formed double bottom, im in from 33035
US30 should continue its move up, as analysed beginning of this week, As you can see price pushed up above the 200ema reisistance to make it a support. Price then made a double bottom to continue the uptrend, when current stick ends bullish, we should see more buys, because this will be the retest entry on the double bottom formation
Bump and Run Reversal Bottom Pattern The bump-and-run reversal bottom is a chart pattern that is a surprisingly good performer in both bull (ranking best for performance) and bear markets (ranking second best). It has a low break even failure rate and high average rise after the breakout. Discovered by Thomas Bulkowski in 1999.
Hey everyone Today i show you an idea about the Bitcoin weekly chart. The bearmarket bottom might was in already with all the bad news we had. I hope everyone was buying in parts while we had cheap prices for a few months. Even if im wrong with this bottom and we go lower its just a better buying opportunity. All you need is patience and you will get...
Chart 1: Looking at the seasonal performance of oil longs taken around this time of year for the previous 2 years, it can be extrapolated that this last week of January coming up is a good time to go long for a swing trade. It can also be observed that there was a W-bottom this time last year and that we’ve just completed a similar W-bottom pattern. The green...
VERU has a huge volume gap, 23% short float, cup and handle on the daily, with earnings coming up within 3 weeks. Might see some covering going into earnings.
putting bet on this may curve up as a handle "ICT" go back to mid areas of 69k to grab some of that liquid up, looks wide, nor jack knifed, may take some time may not, this curve will be huge though. ;)
The top of the same long-term support channel responsible for all Bitcoin bottoms is acting as the current resistance.
I wrote a script that marks the bear/interbellum/bull periods.. and found two logarithmic functions that mark the historical tops/bottoms... next bull top 200k.. next bear bottom 47k. Interbellum 3x fluctuations range.
Link experienced a textbook bubble, therefore I assume a textbook recovery can proceed. The best levels to buy are highlighted in green I will post updates.
DESCRIPTION: In the chart above I have provided a MACRO analysis of NDQ that is in fact showing strong signs of PENDING CAPITULATION but I will leave the rest to INDIVIDUAL INTERPRETATION. POINTS: 1. DEVIATION OF 1,000 POINTS is where NDQ usually finds appropriate CONSOLIDATION to then draw out SUPPLY & DEMAND POCKETS. 2. RSI is DANGEROUSLY OVER EXTENDED and...
target 19300 -20k Stop loss - below red rectangle support trade safe. with stop loss