the Inverse Golden Bullrun
Updated
Just a joke maybe but here some considerations...
overall, not bullish nor bearish, don't hate.
most certainly mostly wrong ;)
not a financial advice, just for fun.
- each peak is reached in 1/0.606 * previous cycle length, which is oddly close to the inverse of the golden ratio. The Q1 peak in 2024 seems to have occurred oddly in advance.
- Resistance of bear markets can be found at a common focal points and all have an angle of approx 20° on the linear scale.
- this inverse golden bullrun will produce a very turbolent market with a new local top in 2025. This seems reasonable considering the whole global situation, crypto narrative, oversaturation and how we got rejection before breaking the past ATH.
- the overall superstructure could break out or be confirmed after next "inverse golden bullrun"
- oddly again, should the breakout occurr, it would happen around 1/3rd of the triangle, which is typical for those structures.
overall, not bullish nor bearish, don't hate.
most certainly mostly wrong ;)
not a financial advice, just for fun.
Note
Mhh, what if we see a retest of 2100 during the summer?That (and the descending resistance line) would still qualify as within the predicted scheme? what if sub 1700 is reached within the year? time will tell.
lets wait and see..
Note
Seems like a retest of 2000 is not so far fetched anymore.this could get lower on a whim, or could go sideways for the remainder of 2024.
I feel like at this point geopolitics can shake things up much more than fundamentals.
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