Get ready, 40-60% fall incoming! Here is why...
Updated
We are seeing the completion of the short-term bullish wave on M15/H1 timeframes now. Bullish weakness is here and soon will be taken over by the H4/D bearish energy, and the price will be pushed back down. Once the wave aligns with the Weekly/Monthly bearish energy, we will see the price get pushed down another 40-60% from where we are at by the end of the month. My advice for day trades is to refrain from going long at M15/H1 cycle tops. These are opportune areas to short. Within the next 24hrs, we should have an excellent opportunity to short again for small gains of 3-5%, and then once the cycle turns bearish, short each short M5 bullish waves all the way down to 40%.
Let me give you a bit more details of what I mean. Open up your H1 chart and wait for the lower high; this signals that the H1 bullish wave is ending. Once the price makes a lower low, that is your confirmation that the short-term wave has turned bearish. Then on M5/M15, every time the price makes a lower high with fractals, you can short it with tight TP/SL in the range of 2-5%. This strategy has worked well for me. If you have questions or more details about it, please ask in the comments, and I will take the time to share more details.
The secret is no secret for those in the know; the price moves in waves. We have waves coming from higher time frames like Weekly. These waves are longer and take a lot of energy to change their direction. You can think of it as tilted sine waves with a tilt that indicates a general price bias. Higher timeframes carry much more elevated and more substantial potential energy. Then we have shorter timeframes that also behave in wave patterns. Shorter timeframes have more kinetic energy, which is why we see spikiness in price. That's the kinetic energy generated by market dynamics. When these waves align, we see price making big strong moves at a well-defined angle and tend to be less impulsive. Also, the trick is to look at the market as the whole; that is your edge.
Thank you for following me, and I hope to share much more as I find more time. Ask questions, and I'm happy to answer. Also, if you are someone that has been working hard and can prove it, send me a PM, and I will consider adding you to our momentum traders private chat group right here in TradingView. I share a lot more there 😉
Let me give you a bit more details of what I mean. Open up your H1 chart and wait for the lower high; this signals that the H1 bullish wave is ending. Once the price makes a lower low, that is your confirmation that the short-term wave has turned bearish. Then on M5/M15, every time the price makes a lower high with fractals, you can short it with tight TP/SL in the range of 2-5%. This strategy has worked well for me. If you have questions or more details about it, please ask in the comments, and I will take the time to share more details.
The secret is no secret for those in the know; the price moves in waves. We have waves coming from higher time frames like Weekly. These waves are longer and take a lot of energy to change their direction. You can think of it as tilted sine waves with a tilt that indicates a general price bias. Higher timeframes carry much more elevated and more substantial potential energy. Then we have shorter timeframes that also behave in wave patterns. Shorter timeframes have more kinetic energy, which is why we see spikiness in price. That's the kinetic energy generated by market dynamics. When these waves align, we see price making big strong moves at a well-defined angle and tend to be less impulsive. Also, the trick is to look at the market as the whole; that is your edge.
Thank you for following me, and I hope to share much more as I find more time. Ask questions, and I'm happy to answer. Also, if you are someone that has been working hard and can prove it, send me a PM, and I will consider adding you to our momentum traders private chat group right here in TradingView. I share a lot more there 😉
Note
The bulls are still pushing. However, from the energy side of things, the bullish energy is winding down. However, it's not short until it's short. We are still waiting to see a lower higher high and a breaking down of the lower lows in M15/H1 cycles. We can expect the price to keep on reaching higher highs until faced with resistance. Bulls are still riding this market but I expect this to change soon.
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