This is update 3 for the SignPost after the Whaley Breadth Post. If you remember The Whaley Breadth Trust is a powerful signal that has a great success rate. It was invented by Wayne Whaley in 2009. Since 1970 to 2009, the signal has occured only 12 times! Based on the Whaley Breadth Post and January Trifecta we drew a potential map for the next 3, 6 and 12...
1. This furious trend deserves correction (check daily/4H charts) 2. KD present on different timeframes 3. bunch of missed pivots below the price 4. Looks like EW ending diagonal pattern formed on the chart Go short on break of the green trend trend line. Target: - initial: unhit weekly pivot at 2.2727 - whatever market gives, it may retrace substantialy,...
Triple bearish Knoxville divergence in addition to a rising wedge on the 1 hour chart is indicating a bearish move toward the missed weekly pivot at .74765 and possibly a larger move toward the missed daily pivot on March 12th at .72607.