today massive spike +7% to 1817.703 ATH on Russell - the middle of big H&S structure and major trend reversal towards the BIG DROP! 1817 beginnings of FED - the Second Bank of the United States founded important days for H&S pattern in the chart
DOWN trend expected for few next days finishing major H&S
today is the double top pattern (comes from my Russell calculations) DOWN and UP till Jan, 10% ZIG ZAG patterns the BIG DROP could be starting around from the double top symmetry 13th Jan 2021
we could be heading to a second part of the main "triple crown" pattern a final DROP should be postponed to mid Jan
reached 1574 level - matching levels for a left shoulder expecting down moves before another UP and final ZIG-ZAG to 1610
pattern is developing - update of the plan decline starts around 22nd December
LONG for tomorrow high volatility and ZIG ZAG patterns for pre-election DROP to low with recovery till early next year THE BIG DROP in March 2021 (as in Russell related links)
H&S to build up a reversal trend tomorrow reaching top levels day after (to finish a new channel resistance) Friday reversal to DOWN trend
UP tomorrow? ZIG ZAG till US election Finish of Head and move DOWN part of a massive H&S - more in a related link
Forecast with a long range so accuracy is less limited Massive H&S? Fibonacci spiral projection in confirmation Long term SHORT, periods of LONG
Elliott Wave view in Russell (RTY) suggests the rally from September 24 low unfolded as an impulsive Elliott Wave structure. Up from September 24 low (1426.20), wave 1 ended at 1530.80 and wave 2 pullback ended at 1490.70. From there, Index rallied and ended wave 3 at 1617.70 and wave 4 ended at 1563.10. Last leg higher in wave 5 ended at 1651.70. The 5 waves...
a DIAMOND reversal patterns on H&S top 1647 a DROP expect today or tomorrow see more in my previous analysis
Mt Everest reached! Officially 1647 This should be a TOP of a massive H&S 1608 - 1647 - 1608 pattern Short to 1550/1520/1490/1430 levels UP and ZIG ZAG from there to 1608+ Nov 6th - the presidential election - should reach the second shoulder levels the BIG DROP should be around 8th/9th December in this scenario
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1620 is local top on RUT H&S pattern to 1490 levels after that ZIG ZAG uptrend to 1620 levels final crash after Nov 6th from 1620 SPX, NQ in similar pattern
Hello Traders Investors And Community, Welcome to this analysis where we are looking at the RUSSELL 2000 index 4-hour timeframe perspective, the recent events, the current formational structure and what we can expect the next times. The main market and other indices like the SPX or DOW recovered steeply from the heavy corona-breakdowns and lows established this...
Buyers have created a double top from a few days ago which held prices down. Once sellers were able to prove they had the strength to create double tops, they then came in with 3 lower high bull failures completely derailing the bulls from the wedge breakout up. Now, with a fake-break of the wedge top and heavy bear momentum back in, sellers will be hunting for...
📍 This is another known position. Breakdown in 5 waves by testing 10,236; 9,548 and 8,859 . Double zig zag is purely a tactical weapon. It is terribly compelling; even the most sluggish of buyers will be trapped here - driven to cover after the latest breakdown. We shall open the next chapter in US Equities with four simple charts: Dow: S&P500: ...