kshitij_libra

kshitij_libra Updated 

A W4 -> then W5, to complete the picture + reach the upper resistance by 22 Nov - before eventual W3 down

kshitij_libra

Where do you think we are? Red? Or Green? Are we at a bottom before we see a blow-off top coming? Or are we in recessionary beginnings like 2008?

kshitij_libra Updated 

Rejected at support. Will fill the gap before moving on.

kshitij_libra Updated 

Sounds like breaking out of channel. Wait for drop ?

kshitij_libra Updated 

Can't help but notice how 2008 vs 2022 has been following - maybe its time for things to change ? If this plays out, planning to re-enter long options for wave C

kshitij_libra Updated 

I believe W-C is complete and downtrend starts to complete 5 wave

kshitij_libra Updated 

Let's see what happens next. Given this is the third wave down, I expect it to be a bit deeper than the first.

kshitij_libra

Alternatively, SPX may also go up til the upper channel before the crash. Monday should tell us which count works

kshitij_libra

Clearly, the previous counts were wrong and invalidated. If this is a W-C, the timelines get pushed back to 5th December for the next wave down. We're currently at a logical fib level, but I expect this could retest the yellow wedge resistance too. Will wait until I see signs of reversal.

kshitij_libra

Assumption: W2 of W3 of W3 Calendar spread taken upwards to 380 short term for this week.

kshitij_libra Updated 

If 2008 is to follow, one more false break below this chanel and then i think we're up for some major times ahead.

kshitij_libra Updated 

Assumption - this is the final attempt to capture C and go down from there Risk : massive upside haha . tight SL in place . low chances of success , but high reward if successful

kshitij_libra

Assumption: A break of 0.5 level today, and filling gap below = we will rally up to the next level shortly. Risk/Reward: ~500/66 = 7.5X Exit: Conditional exit once the price reaches 395

kshitij_libra

resistance upwards and a 5 count to complete . what’s next ?

kshitij_libra Updated 

We're probably in W-2 of the overall W-3 down. We also had a similar W-2 up last in march of the W-1 down. If we replicate the march W-2 onto the current chart - this is what we get. It also aligns well with the Fib retracement of the W1 of W3 down. I'm curious what happens next, so here's the published idea!

kshitij_libra Updated 

Taking a calculated risk here. Assumption: This is a backtest of the breakout above resistance. Start of the W-C up should be in place shortly. Taking trade with 2x Lev to upper end of resistance channel. Stop loss: Once the triangle support is broken.

kshitij_libra Updated 

My hypothesis on what’s happening with btc. Short term long , medium term bearish

kshitij_libra

Earnings have been bad, we've had a wave up and we're around the daily MA resistance Expecting a short wave down till channel support soon. Intrinsic SL due to cal spread.