ELITE 1337 DAY MEGA STRUCTURE—————————
ME: I would ask you to sit down, but you’re not going to anyway.
ME: And don’t worry about the stock market.
YOU: What stock market?
BOOM.
ME: That stock market.
YOU: How did you Know.
ME: Ohh, Whats really going to bake your noodle later on is… would you still have broken it if I hadn’t said anything….
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If you read any of my old posts from last year you might be familiar with one of these H&S patterns I posted trying to predict the top of the markets.
The bullish harmonic zone referred to in there is the .618 fib retracement.
To find this mega structure, you only need to look at the weekly chart and add some Fib retracements for for the March 2020 crash.
From peak to trough, then again from trough to new peak and you have your bullish retracement.
Another Fib tool I use for this mega structure is Fib Timezone which is a Fibonacci number sequence.
Each number is the sum of the last two numbers. The sequence starts like this: 0, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, and so on
If you map from 0-1 in reverse from the peak (January 4th) to 12 weeks back you will find there is a major swing high/low/reversal in order leading back all the way 2000 decline.
5 - swing/high low after covid recovery
8 - marks 2020
13- marks 2018 bear market
21 and 34 are not very relevant
55 marks 2008 decline
89 marks 2000 decline
Now the real PHUN begins. Flip the timezone 12 weeks into the future to get forward looking swings that match the historic ones.
The lower fib sequence is to be ignored because there is to much noise.
But I like to study noise patterns and here is what I see in the noise.
HS1 - First Head and Shoulder
On the weekly its hard to see, but I have used these structures for the last year and they keep completing.
HS2 - Second Head and Shoulder
Take a look at the pin point accuracy this H&S 162% predicted the bottom June 13th in markets.
HS3 - Third H&S with a price target that is a magnet for a 50% retracement from trough to peak.
This structure hasn’t completed yet, but in my opinion will mark the second leg down.
HS5 - The 5th sequence is after September and will likely mark a big rally in November. This structure 168% is the bottom of Covid Cycle.
HS8 puts us to Nov 2023 with the left shoulder being the Covid Crash.
From shoulder to shoulder of HS8 will be approx. 1337 (LEET speak translates to ELITE) market days
I’ll stop there because we couldn’t possible complete HS8 and look to completing 13…
Because that would be the D word… Depression.
If we are at the end of a debt cycle like Ray Dalio predicts in the changing world order…
Whatever, this is just a bunch of tinfoil hat nonsense… right?????
Right????
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But always remember, You’re in control of your own life.
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I promise once you see this cookie, you’ll feel as right as rain.
