So this hasn't happened before. SPX has been moving in a similar way to 2000 and 2008 drop - and we can see that the tops and bottoms of the 2000's fractal ( orange ) are matching - we are in the process of creating a local double top - just like in 2000 - just before the drop.
To confirm his - I realized SPX has been forming another really "popular" move, which...
So the waves on 4h are pretty clear - last time first wave retraces almost at 100%, then the 3rd wave retraced to 0,618 fib level, and shoot up to in between 1.618 and 2.618 fib level for wave 5.
Now the waves we have now - first wave was almost fully retraced, third wave retraced to .0618 fib level aswell, and now we're in wave 5.
Also the pattern reminds me of...
How far will it retract?
Based on this fractal that confirms my earlier assumptions of us going to 25-28k, it shows that this wave will break the created parabolic curve - and based on that - if we do so, we should aim for 18k area and possibly climb from there.
Fomo for bears, fear for bulls. Max pain.
Expect a small retracement but new year's and news's euphoria is driving it higher and higher - I expect both stocks and crypto fakeout to the upside and start going down around mid March - this is how it would look like.
ETH is following this fractal just like a newborn follows its mom. Expecting a retest of this broken curve line and let's go for 2200 - Watch for these 2 resistance levels - But pivot will happen on either of those two.
Beautiful outperform of stocks - BTC recovered big time - Based on what I see on BTC happening next - I expect it to go retest this strong resistance (marked on the chart) before going down lower. It's crypto time for now, NEW YEAR's euphoria kicked in.
This DXY fractal has been working greatly - I found it on the 5m chart and applied it on 4h - and it followed it for a long time. Now the thing you need to know about fractals - is that long candles like the one circled are vulnerable areas where the price tends to detach - we arrived there as you may see - and the price started retracing - It is likely that we...
VIX has broken this long-time curve line - This is very bullish for stocks right now - I expect a retest - but it is likely for VIX to spike down in a very short of time and bounce as fast up.
The levels to watch are marked on the chart - observe SPX breakout aswell as it is ona resistance level for now.
My overall 2022 target got hit - $16k. But I was awaiting this last dip before a relief rally - although that one got defended by bulls and it never happened.
New Year euphoria took over and we're headed directly into the relief rally - I expect now a retracement to around $19k to create the handle of this cupandhandle pattern . Next step would be the...
So as you see - what comes down, must go up - UNEMPLOYMENT RATE is at record lows right now and when it did that - after some consolidation - it sttarted to grow - each time this happened, SPX entered a bear market.
Calculating the amount of days since the breakout of the UNRATE trend - it is a range of ~ 100 to 400 days before starting the decline on SPX -...
The price is being dragged down - and it will get there - I expect it to hit that green area soon and bounce from there. Not end of the bear market, but possible major bounce before going for those low 10's.
This would be a very solid bottom - if VIX popped up and BTC felt to it's major weekly support - it would create a wick on this supporting line and the bounce would be major. Expecting this to happen before buying into crypto.
So I have found this fractal - the ressamblance is uncanny. This also confirms a bit what I expect to happen - stocks should go a bit lower (Same for crypto) making DXY push to the upside for a fakeout - and then everything should bounce. Fractal agrees with that.
So still expecting a fakeout and then a big drop (high timeframe retest) of DXY