History repeats... Look what happened from 2000-2009. I took that market behavior and copied it to scenario that is happening now. Its exactly same, we are waiting on fake breakout at the top around 474-490(maybe 500) and then drop to area around 353-320. Thats around 2 years or downtrend if confirmed and -28%.
Most of the asset we trade are traded against Dollar. So, to figure out when markets are going to peak out, we must look at DXY, which measures the strength of the dollar. In this post we will analyze the last bull/bear cycle and use that to predict what may happen in the current cycle. The Last Bull Cycle for equities/Crypto started when DXY topped out last...
SPX probably complete wave B ( Red Circled) of triangle on early January 2024 where it could dive 20% +/-.
SPX's chart/market is driven by Fundamentals ( FED) as most traders perceived. But I do agree with Robert Prechter and Alessio Rastani that market/ chart is driven by the "rotating cycle" of "supply/demand" rather than news/fundamentals even though I don't agree Robert Prechter with (Founder of Elliott Wave International) have been calling for major crash (which...
INARI's 1.50 +/- is confluence zone of 1) POC of volume Profile. 2) Demand Zone 3) Lower Support of Parallel line.
XAUUSD currently forming a "unfinished" long tail daily and "finished" long tail 4 hour "scary" pin bar for "Gold's Bull Chaser"! BUT, but.. the "Red Bull" probably only "exhausted" on New York Session @ 2150-2160 +/-. (Detail on next lower time frame chart )
XAUUSD. By checking its z-factor (speed of chart) there is a hidden big triangle on gold chart with wave C (yellow) already end in "short-lived" relatively to wave A (yellow).
XAUUSD's wave 3 (yellow) probably reached. P/s it's suggested to "Long Only" as we only knew the "finite" swing low but not the "infinite" swing high on "any uptrend" and vice versa.
SP500 will break All Time High ( 4820.40) ?! by 2024? ..((FED'S BARKIN: TALKING ABOUT RATE CUTS IS PREMATURE.)). Let see what "geometry and of price" told us in next 2,3 months ahead.
XAUUSD We are still in wave 3 (yellow) where its price probably end at 2060 +/-.
Dollar Index aka DXY currently on wave III (blue) before a pullback toward wave IV (blue) before final leg down on wave V (blue) @ 102 +/-.
Tesla still completing wave c (green Circled) at 250+/- which is last leg of running flat pattern in wave B (yellow circled), before a "crash" of 26.8 % toward 183 +/-
AAPL probably just completed wave B ( Red Circled) which is an expanding flat (A)(B)(C) (Blue). So probably a -20.02% "crash" toward 148 +/-
XAUUSD Asia Monday breakout which formed order block /breaker block at 2004 +/- as good zone for long toward 2040 +/-
XAUUSD. Beware of major reversal when its price getting tightened toward major resistance/ liquidity zone @ 2065 +/- as its price probably forming an ending diagonal pattern /structure.
Gold. we are at muti year triangle = sideway now, this triangle probably only completed by 2025 as we are still at wave (c)(blue) of the triangle on monthly chart ( pls refer to zoom in pic). P/s. 99.9% of Elliotticians ( traders who practise elliott wave ) hardly achieved consistent waves counts as 99.9 following "textbook" written rules that 1,3,5 impulsive...
Gold / XAUUSD (future) as an "touchable asset" for "ancient mankind" to "accumulate" wealth VS "equities market" an "virtual asset" for "modern mankind" to "accumulate" wealth. As US SP500 index = benchmark / gauge for where is the "richest men on earth wealth's "performance". One should understand and "read" where "the modern capitalisms" run without "bias" due...
XAUUSD, by checking its internal Z-factor (speed) GOLD is probably forming a bullish triangle, currently its price is moving down toward wave e (green circled) of triangle... Hence gold's price probably will reach 2065 +/- by mid of December.