This chart supports my bearish view that capitulation is imminent on this pump and accumulation will follow. World conditions, fractals, and macro structures all favor this scenario as opposed to my previously posted bullish/neutral outlook. The symmetrical triangle formed is respected at the bottom of capitulation and a breakout would be expected Winter 2020 or...
I like to play devil's advocate when I have a certain bias. Right now, I see macro bearish on many indicators, so this chart is a potential contradiction to the large bearish structures forming. This fractal assumes final capitulation was the black thursday dump. I'm suspicious that this was final capitulation as I believe fractals and structures point to more...
Based on Elliott wave theory down to the 15min time frame in some cases, I was able to identify a macro WXYXZ triple three structure forming. This points to further upside in the short term and corrective moves after the structure is fully formed. More information on the final 3 wave is needed to pinpoint short term long entries. Swing shorts at the top of this...