*Please support this idea with a LIKE if it helps you. Thanks!
More details about me in my signature.
Bearish Swings - Patterns:
Flat Formation in Cycle Wave (IV) (green)
Primary A (red) - Simple ABC Swing
Primary B (red) - Complex Triple Three
Primary C (red) - Bearish Extension
Bullish Swings - Patterns:
Leading Diagonal in Primary 1 (pink)
Intermediate (1)...
The price bounced many times from Support/Resistance Zone.
It will be good entry point near this Zone.
Potential profit will be in 5 times bigger than risk.
We have broken support and have been creating a bear flag for the past few days. We are likely to continue to drop to support.
Economy is debt driven but still decent. I don't see a crash; however, I do see a correction.
We should bounce off support with the help of the FED by dropping interest rates and in an extreme case, perform QE4.
* If you like this free video and the idea itself, please remember to support me with a like or share, so I can produce more frequent contents such as this one. Thank you!
* Related ideas show how I was able to call the BIG drops in 2018.
Analysis Summary:
Scenario 1:
Leading Diagonal in Minor ABC (blue), part of a larger degree Ending Diagonal in the next...
Too much work to show so going with a simple chart to illustrate the idea. Full work says total downside risk is -205 starting Monday April 9 and Ending Tuesday April 10. I might be wrong because I also have an alternate scenario which shows us making a nice recovery. Since the downside risk scenario was so nasty I decided to alert the community. If we make a TA...
In my view SP500 is cooking a vicious selling opportunity, I am not in the trade yet as I was on a holiday and resting from the charts after an action-packed 8 months of trading...
I only trade one pattern and that is the Contraction pattern... one is cooking on the weekly SP500 chart and I fully expect a repeat of 1937 to start in September this year... so I am...
Price has broken out of consolidation after forming a double top and bouncing off the 200EMA. Waiting for a close below the 8 and 50EMA to lead the path further down for the asset to retest its previous lows.
This website uses cookies to ensure you get the best experience on our website. To learn more about cookies, including how to control cookies, please read our Cookies Policy.
