Behold, another red ring of death is upon us.
For most it's the bringer of pain and destruction.
For few, a guiding angel to incredible buy spots, bringing wealth beyond thy beliefs.
SPX is opening up mostly flat. We need to hold 3900 early on this week for a move up to 4000. There are a few easier Gap targets above if we can hold. Below 3900 its possible to see a drop back towards 3800 quickly.
After a healthy retrace of 30% of a 5.162 Fibo beautiful leg down BTCUSDT shows a condition to reach 13k soon. Rout to meet Dec '17 ATH. This pullback seems accomplished and now we can see a good pivot point to adding on shorts in the crypto market expecting an 2nd leg down after that prior swing. Plus Fibonacci Retracement new target and Fisher Transform...
LINKUSDT is in rout to 4.00USD. After 30% retrace we have a pivot point to adding on shorts. Fisher Transform crossing on 2H chart. Prior swing leg downward accomplished. 14.6% hidden Fibonacci Retracement level targeted.
Nasdaq broke the recent correction lows and closed right at session lows.
If we just saw the first wave of a correction, and after that, the relieve rallye to the 50retrace, we now might be poised for the second leg down.
Copy the first leg, measure it from the high of the relieve rallye and you end up retesting the old ATH at 12k, what clearly is a major...
ETHUSD ready to drop.
That's not a text book rising wedge, but I don't want to tell you how many times I have seen that play out!
Furthermore, the flag is pretty obvious and the result should and in a minimum drop of 40%.
I'm inn. Let's go!
Happy trading everyone!
