FOMC decision next Wed is the possible catalyst...
Adding this chart to idea already published. Failed Breakdown H&S = bullish reversal
There are two ways I look at this chart both currently bullish. First is a failed breakdown on an standard H&S pattern. The second, actually part of that failed breakdown is an inverted H&S pattern, targeting $33 SLV over a 10% move in the short run.
The pattern seems to be filling out all leading to decision points between the inauguration on Jan 20th through the end of the month. Time will tell, watch for fakeouts.
Using Fib Retracement tool and a basic flag chart pattern measured move they both predict a possible move from current price of $210 to somewhere in the neighborhood of $2000. Long consolidation followed by a breakout with BTC smashing new highs could lead the Alts on a wild ride in 2025!
Get ready for lift off. Inverted H&S pattern best viewed on the 4h chart. Visa may enter a Phase 4 of a Hyperwave. Check my page for more information on Hyperwave patterns, sustained, powerful move to the upside if it can enter a Phase 4.
The NFLX beginning Phase 7? Even after the jump in earnings to 380 - (400 after hours) it dropped from open 380 Wednesday and corrected ALL the way back down below what appears to be a very powerful Phase 7 line. Just amazing, in only 3 trading days after its reported great subscriber growth.. the stock closed the week at 332. I think we will see the stock...
AMZN Amazon Phase 4 break. Crash imminent Phase 5 begins
2 Possible Phase 4 lines for the NDX. huge implications if break I hope everyone is able to zoom in the the top right of the chart. this one is very similar to the Nasdaq composite HW, fractal completed hyperwave, in a return to the Phase 2 and develops into a much larger HW structure. If the chart doesn't zoom in please comment and I'll post another that is only...
GOOGL in trouble. GOOGL breaks parabolic trend line on all time frames. There is a distinct H&S pattern as well very easy to see on the 3D chart here with downside target displayed on the chart. That should be first target. Second target displayed on chart in the circle as gap fill. Time frame hard to say, but I will be eyeing the weekly Puts on any gap up...
Hello all, putting up another Hyperwave chart, this one I found while going through Russel index one by one and luckily found it early as I was looking alphabetically... Although it is not a macro global type of company that I'm aware of, the structure is clearly in a very clean Hyperwave. One thing to note is if you go back far enough price was above the Phase 1,...
This comment was originally posted on a thread by @The_Unwind who is a must follow on tradingivew and inspired this commentary I hope you find it useful or it helps all of us bounce around some ideas about the next few weeks and months ahead. " This is going to be a choppy and difficult time to trade until trend gets re-established.... BUT one thing I come back...
Just another piece of evidence stacking up against Netflix... appears to be forming large head and shoulders pattern on the weekly which is the same time frame Hyperwave is charted on. Nov 9 300 Puts are around $4.50. Ballpark target of the $205 area. Watch this neckline area for acceleration to the downside to kick off the Phase 7 move. I just was flipping...
Black Monday - Example of a Funky Hyperwave - Dow Jones 1987 One of the rare examples of a funky hyperwave where a previous phase line supports price and the Hyperwave structure becomes something else... what most important is the asset or in this case the index survives. The usual fate of a Hyperwave Phase 4 break in almost every case is a return to the Phase 1...
SHCOMP Shanghai Composite Great observation by @The_Unwind , he recommended taking a look at the SHCOMP and the structure in 08 is very interesting. The structure leading up to 08 sure does look like a Hyperwave except for the Phase 1 line and the acceleration of Phases 2 and 3 are stronger than usual but it does meet all the criteria except the P1. Could it be in...
The data on tradingview for this Hyperwave is not all that great but you can find other charts that will confirm it for you. The Japanese Asset bubble was an incredibly large HW where at one point if memeory serves me correctly, all of the real estate in Tokyo was 'on paper' worth more than publicly traded company in the United States and the Emperors Palace alone...
The full Nasdaq HW? Was the dot com just a fractal? The implications here are self explanatory. Absolute devastation to the index is it is a larger HW structure... unless ofcourse supported by a prior phase line, hopefully the Phase 3 (continued to the right) would support and then continue because a return to Phase 2 or 1 would be a complete collapse of the stock...
This is where things get scary. This HW stucture doesn't fit any of the time frame models as it lasts much longer and is much larger however, if it is a Hyperwave, then it leads one to think that perhaps a great global recession is on the horizon, as > 95% of all Hyperwaves, unless a fractal or supported by a prior Phase line ( the phase lines continue forever,...