starting from may 2023 1600 points, we are now very close to target wich is confirmed from fibonacci extension of cpi move and measured move from the may low. If what whathever reason Nvidia and Fmoc min disagree in some way we could have a nive pull back to the 0.618 of mayand probably a retest oj june contract area
Google very easy short trend the chart talk very cleary
Apple is reaching all the previous earnings prices so next one is february 2023
upsidedown chart on amazon shows an HS with the right shoulder just retrced at 0.618 with extension on possible new all time hight
by comparing september 15 2023 correction with february 16 and the quarter volume profile , we can see that if a correction is going to happen this move fits very well the level indicated
let say we clone september 15 option expiration move to the downside.....to me it fis very well the tipe of correction expected, the reason is that in anycase inflation is coming back for several reason. on jennuary 17 the price had an huge run to the upside leaving wednesday 16 closure open, at the same time market after FED decision was supposed to fall wich...
By mirroring december 2022 and jennuary 2023 and positioning the same pattern at this top it looks perfect if a correction is goin to happen this move covers new resistance , gap left behind and new support crated, the bearish trend line as worked as resistance on february 1, 5th move i guess complited
If they brake also this channel , have no more word to say . Expected move in btween thu 15 and wed 6 march will not be an easy fall but still belive that the decmber 8 march contract gap will be reached
Unfortunatly for thr 2024 i have a contrarian view, of course we have an HH wich will push thw market highe but macro events could bring the market back down will not be an easy downside but it will. We should enter in the 4th wave that will bring the market over 20k
Market repet itself, to me it looks a big wychoff pattern with a close possibility for an end of the year close to the all time high followed in yhe next year with a huge drop
by comparing 2022 and 2023 with the same move i,ve got this picture. Let me know what do you think about
I took the same size of 2022 quarter period and attached here, I'm still not sure if we have a top in place but if we have a top and tehy a re going to make the same mvement for a 20% correction there many reason why the price could come nback to 13k zone for example liquidity gap of the previous qurter at thr moment price is moving belowe the poin of interest...
As you know price always come back, it could thake time but it does come back reason why pepole need to cover their position and you need to always stay in the market a huge quantity of money and calculate the position size. as you can see on the chart last agust week end gap was not filled by any move so you could use this as a target for your short positionor to...
third leg down to be complited as per mesuared move15k is going to be our weekly support price will come back in the week end gap area but the super power of papa Powell might bring the market back to 15500 then back down again let see
have to watch both side so , this week they left a lot o wicks that in my opinion need to be filled
on the other hand whatever Powell is gonna say or do, market needs to complete is job for sure we have a huge range and it need some time remember that 14k area have never been retested after nvidia gap up