Something to keep an eye on.
Top of potential channel formed from support (teal lines) breaking (red line) and becoming resistance (pink lines). Channel formed by former support line and December’s low. Notice the bounce off middle of channel. Simple and smoothed MACD turned downwards.
Remaining neutral only because better risk-reward elsewhere like in emerging markets.
SPY relative to DXY confirmed break above wedge at vertical line and is now in an ascending channel. However, SPY is still in a large Wyckoff distribution phase and will therefore encounter heavy resistance when its price is 3.14 and 3.23 x DXY price, indicated by the red...
Looks to be in accumulation on Weekly TF. Entering Creek means re-test phase of accumulation high and low. Think it just tested, and if so then expect impending drop to low near ~2400.
P.S. Don’t forget this is a long-term bullish play and you will never precisely buy the bottom.
P.S.S. Made chart on phone. Hopefully it’s normal and visible.
Uncertain whether this is truly possible for TVIX; however, it has an uncanny resemblance to the market cycle psychology chart. Also, look at that volume! I'm not saying to go Long, but it's worth your attention.
Possibly had a Black Swan, i.e., extended wave 1 and truncated 5th. Since the primary wave 3 length is not at least 1.618 * primary wave 1 length then we expect for primary wave 5 length to be 1-to-1.618 the length from start of wave 1 through the end of wave 3, which equates to the 2-3 range of the white fib levels.
Short based on chart.
A sure bet when trading it in four dimensions but risky when only in three. Since this is a four-dimensional dilation pattern it suffers from relativity and uncertainty: do your best to account for price momentum when determining your position.
Pretty self-explanatory. Compare smaller rectangle indicating where BTC is now with the larger one. The drawn pattern indicates BTC price forecast were the pattern to continue. Keep in mind, I don't see it being possible for all markets to rally. Which will win and which will lose?
See linked BTC ideas below. Directly sharing one here to inform folks about BTC...