Supergalactic

Supergalactic Updated 

The price broke out of the ascending channel. I think it will continue it's downward movement after the channel bottom retest.

Supergalactic Updated 

The price has reached the center of the wide ascending channel and a trendline that served as a bottom of an old channel that was broken during December dump - now it's a resistance. I also see 2h divergences on 2h RSI on US30, but not on DJI yet. I think it will grind the resistance for some time, create more divergence and go for a pullback.

Supergalactic

I think the correction has started. The likely target is 5930-5907.

Supergalactic

Bearish divergence on 15m, 1h. Gonna short it atleast to 5907 - volumes are there. Maybe will go lower to 5880, most likely will only add longs there.

Supergalactic Updated 

Huge buyings took place today, but on bigger timeframes it looks like just a retest of the rising wedge. There are also hidden bear divergences on 1-4 tf on US500, US100 and US30. I guess we will see continuation of the correction to 5730-5650 area next week. The idea will be invalidated if the price returns into the rising wedge (crosses the purple trendline).

Supergalactic Updated 

I have noticed a hidden bearish divergence on 4h tf - like in August. Should go down soon, but still can go a little bit higher, there are volumes at 6055 (oanda).

Supergalactic Updated 

Looks like S&P is heading towards the top of a big channel that began from October 2023 low. This is an attempt to predict when and where it would happen, which is approximately on November 18 at 6115.

Supergalactic Updated 

1. Hanging man candle on 1D tf 2. Bearish divergence on 1H and 4H tf 3. The price has broken out of the ascending channel and retested it from below So it's gonna fall. My targets are on the chart.

Supergalactic

The price has hit the top of the rising wedge and a trendline that starts from March 2022 top (top of a big orange channel). There is also a solid bear divegence on 4H and even a tiny bear divergence on 1D tf. I expect a pullback from here, but I'm not sure if it will be a reversal or we will see a new ATH soon. Need help of elliotitians, I can't count these damn waves.

Supergalactic

I think it can still go a little bit lower. ________________________________

Supergalactic

Thinking of possible scenarios. You can ignore the arrows, just pay attention to the orange channel. It is not confirmed as long as there is only one bottom hit, but its bottom may serve as a support at some point. I'm not calling for a crash, but 10% correction in the near future seems probable to me.

Supergalactic Updated 

So here is another channel. The July peak made an extension of this channel, and the price didn't arrive to that extended part neither at the top nor at the bottom since then. Even if the price will arrive to that extended part at the top of the channel, it won't reach 6000 before the elections unless it makes a breakout in the upward direction thus making a new...

Supergalactic Updated 

The price has hit the bottom of two ascending channels yesterday. Perhaps the last wave has just begun. I'm not stating that it will reach 6000, but If the price stays inside the blue channel, it can potentially reach 6000 by November 20. If the price drops out of any of the channels, it will be a strong bearish reversal signal.

Supergalactic

The price has hit the bottom of two ascending channels yesterday. Perhaps the last wave has just begun. I'm not stating that it will reach 6000, but If the price stays inside the blue channel, it can potentially reach 6000 by November 20. If the price drops out of any of the channels, it will be a strong bearish reversal signal.

Supergalactic Updated 

The price has just broke out of the channel. If it's not a fake break out, I expect to see some correction this week. Perhaps it will be insignificant like the previous one at the beginning of the month.

Supergalactic Updated 

I expect to see something like this next week. The price breaking out of this orange channel will confirm the beginning of a correction.

Supergalactic Updated 

S&P 500 moved pretty high today, but don't fall for a bull trap, it's just a part of the correction. The price is moving in a descending channel right now and I expect that it will go down to the support area at 5650 tomorrow and hit a red trendline. Then it will either go for a deeper correction or maybe start a new growth wave.

Supergalactic

Gonna use this channel to find good short entry points. The correction will be confirmed when the price breaks out of it in the downward direction.