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This is a textbook short setup, break under Monthly Support followed by a bounce back to the broken-support-turned-resistance. As soon as bulls failed to reclaim the broken support that became a trigger that attracted new shorts. The Rule of thumb is: ⚠️ when bears manage to break a support and then bulls attempted to reclaim it but fail, bears get reasons to...

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Note how the Monthly support calculated and drawn by the Month Opening Range indicator nailed the bottom of the post FOMC-decline You can find the indicator here: https:// /

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Yesterday NQ tagged the Red Supply zone and completed a corrective wave iv down. This morning we are getting the first leg down of wave v down

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10 year notes broke out of the bullish wedge as expected. Bulls have a setup for a large five wave up rally in T-notes (meaning decline in 10 year yield)

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We have got a clean bullish setup, a classic five waves up followed by a three wave down decline making a higher low. A very attractive setup for a rally in wave (c) up

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SPY, QQQ, IWM printed buying exhaustion signals I expect to get a pullback next week

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When four cycles bottom and turn up simultaneously traders have attractive entry points because new up cycles will be pushing price up strongly

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The Indicator detects points where multiple cycles top and bottom. This morning four cycles made bottoms and simultaneously turned up. Their combined power is whet produced such a strong rally today

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Yesterday I noted that TSLA had a good long setup to rally after several cycles simultaneously bottomed and turned up. Today we are getting a follow through

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This morning three cycles simultaneously bottomed and turned up. Their combined power is what produced that strong rally

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TSLA is at an important bottom formed by many down cycles

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According to principle of synchronicity proposed by JM Hurst, from time to time several distinctive cycles reach their respective bottoms simultaneously. In other words, cycles get aligned at bottoms or troughs. However, cycles reach their peaks in asynchronous way! This is why when we deal with a big cycle topping normally it creates a string of multiple peaks....

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According to JM Hurst, the founder of Cycle theory, several cycles tend to bottom simultaneously. Those points should be aligned with important lows on stock price charts. You can see that every time three cycles (x3 supp) or four cycles bottom (x4 supp) price turns up strongly. That happens because when a cycle reaches its bottom it immediately turns up and...

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Now got an a-b-c down structure that looks like a micro corrective wave iv down Bulls have a setup to push Bitcoin higher to 51,300

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Bitcoin looks like a completed textbook Leading Diagonal structure. We can count five waves each of them is subdivided into a-b-c but they are very overlapped. That means the underlying bullish momentum has been weak. Leading Diagonals normally get resolved with a strong and deep pullback that erase substantial part of the preceding rally If you are long BTC or...

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I noted that recently Bitcoin had made several swings making lower highs and higher lows. That is a solid sign of some consolidation. Bitcoin has been accumulating energy and is nearing a point where it will release that energy with a strong directional move as a squeezed spring. I can count that consolidation as subwave (b) down shaped as an a-b-c-d-e triangle...

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This rally has been driven by 240 min up cycle since Feb 4th. The Cycle Trader Indicator has just detected signs of topping. The indicator printed a new cyclical resistance on 240 min chart at 4,603. Bulls may try to test it tomorrow. Failure at that resistance would confirm completion of an up cycle and start of a new down cycle.

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That wedge screams come-n-short me!l I think the first spike down will get immediately bought out pushing price back into the lower trendline Re-testing the broken wedge from below