First entry failed (rare case senario) so here is a more detailed chart with alternative entry points where i expect reversal even tho ive been crying wolf (recession crash) im not looking for it just yet but market doesnt wait for anyone now does it
maybe it may lead to a retracemnt for bearish continuation ill update for interested parties
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So heres the story if price makes a bearish confluence by making an aligatior cross on the H4 then showing an overall bearish story in the delta on my footprints and dom around my snd zones for bullish contiuation then i expect the following senario to happen
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for the Technical bros i decided to explain what macro cycles mean for the market
Price will a.) retrace then short further b.)impulse to a new high then tank big
An impulse continuation would be the most desirable setup but as things stand with the uncertainity of the united states economy its rapid recovery and progression in the past 3 quarters (Q3 23-Q1 24) has done more harm than good as interest rates are usually implemented when economy is booming to tame inflation, but a booming economy despite high interest rates and rising inflation one can only think what the fed has to do
as interest rates need to be lowered for businesses to become profitable (as longer terms of high interest rates ruin a businesses desire to obtain loans and progress further (raise assets))
while inflation also affects the livelihoods of consumers and uncertainity in the economy i.m.o people are more conservative with their money and seek alternative investments to protect their wealth reducing sales for everyone i.m.o (e.g tesla and the low demand incident)
in the long run affecting these same businesses that cant loan due to high interest rates driving their stock price down as we seek alternative investments in this recession cause these companies wont be profitable for some time and the whales know it this time its extra special so the buy and hold 10 years gang might also withdraw their investments
looking for bonds gold maybe crypto
So they cant raise rates affecting the stock market (which reflects their economy) But they also need to lower inflation by raising rates which will continue to rise if they dont. And maintaining the current rate for longer might just be comfortable for the economy to keep economic activity progressing as we have seen in the past 4 quarters which will inevitably spur inflation Lowering rates will also just spur inflation even faster
In conclusion
raising rates will plunge the markets but a bust is necessary in every economy As the reset and rest in activity lowers inflation then interest for the game to begin again
Downside of a bust more people die in times of such economic famine but I think people will be Okay they just need to adjust their lifestyles 3% changes in goods and services aint nothing To fuss about re adjusting they budgets as raising rates is the most viable solution
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I'm taking it as just a pullback many more resistance highlighted ill look for crash later
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BRILLIANCE PERSONIFIED
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notice hoe my zig zag declines exactly where pullbacks are made still reseaching but if you like my work and want to support my research for me to share with you you can tip me so i can get a premium account and dm me for educational insights
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i feel a short coming up but for now This is where i see price going
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yahhhhhhh the game is not over papi it will CRASHHHHHHHH
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Give me my respect at every point where my zig zag cpulled back price expirienced resistance im the KING
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we still riding and exploiting pullbacks
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M15 pyramid entry
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so thanks to icc i could anticipate that it wasn't the true entry back at it again
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Late update but we going in long still from this pullback pyramidin it to our $19380
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im expecting a bearish pullback in price as for how far the estimates are highlighted by the yellow rulers
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didnt retrace as nuch as i sought out regardless its approaching my doomsday reversal points
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