The price action we experienced this past week has altered my long and shorter term expectation for the market.
Upon hitting the price peak in January and observing the structure of the market unfold as it has it's obvious we've entered a "traders market". This is completely contrary to what we've experienced over the past 12 years and I think it's what we expect for a years to come.
This chart is very simplified...just a sketch of what I'm expecting. There will be many iterations in the future. Just my thoughts for now.
Here is a shorter term chart of what I'm seeing in the near term.
Upon hitting the price peak in January and observing the structure of the market unfold as it has it's obvious we've entered a "traders market". This is completely contrary to what we've experienced over the past 12 years and I think it's what we expect for a years to come.
This chart is very simplified...just a sketch of what I'm expecting. There will be many iterations in the future. Just my thoughts for now.
Here is a shorter term chart of what I'm seeing in the near term.
Note
The timeline on the long term chart isn't accurately represented. I'm just trying to illustrate the general pattern.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.