Such delicious bounces and momentum, loving this Price Action.
Notice how each shoulder got rejected at the exact same magenta fractal point (top of 1.5Y Peak Channel), this latest one in our core Peak Box Fractal.
That showing today was impressive but until Price Action stops creating bearish patterns, it's lookin bearish and increasingly like a proper Top.
Tomorrow will necessarily be pivotal, even holding steady would be a solid win for Bulls.
This is already 3rd LL peak.
Oh and about that Bearish W.
We've seen a lot of Bullish ones in this massive rally, if this holds that'll be a the first big Bearish one.
Notice how each shoulder got rejected at the exact same magenta fractal point (top of 1.5Y Peak Channel), this latest one in our core Peak Box Fractal.
That showing today was impressive but until Price Action stops creating bearish patterns, it's lookin bearish and increasingly like a proper Top.
Tomorrow will necessarily be pivotal, even holding steady would be a solid win for Bulls.
This is already 3rd LL peak.
Oh and about that Bearish W.
We've seen a lot of Bullish ones in this massive rally, if this holds that'll be a the first big Bearish one.
Note
Look at that reflection, what a beautiful Peak this could be...Note
So far so good...Note
Damn near nailed the reversal today lol plus ANOTHER mini H&S...Note
Now's your chance Bulls... GET IT!Note
That's two rejections today off my random H&S Top fractal prediction lol... Are you not entertained!?Note
Even the yellow fractalceptioned 2D H&S right shoulder held up pretty well!Note
Latest idea...![[SPX] Heading Back to Test 5Y Peak Channel Top ~3.76K](https://s3.tradingview.com/a/AsXl9t5z_mid.png)
Note
It's exactly following the Bearish W path and bouncin off fractals along the way...Note
That dashed line is scary accurate, god damn...Note
Just look at these beautiful 5m waterfalls right off the 1.5Y Peak Channel mid-line: Note
Latest idea...![[SPX] I Spy With My Little Eye... a 1M BEAR Pennant!](https://s3.tradingview.com/4/4PCUJhk5_mid.png)
Note
This idea is just playin out too good, we got Pennant retest and rejection right at the 1.5Y Peak Channel mid-line...Note
Closeup view...Note
Bulls got rejected pretty cleanly so far...Note
Made it to 3.76k!
Data analyst with a passion for best fit lines B)
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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.
Data analyst with a passion for best fit lines B)
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.