Target for next leg down on ES, anticipated to hit around February 14th.
Up to this point, our correction had almost identically mirrored the COVID correction. QQQ now taking a turn for the worse.
Fractal of the Covid crash superimposed on our current correction.
We're now trading in the bottom half of this channel going back to 2019. I see three options to choose from between now and the next Fed meeting in March. A - Reclaim the upper half of the channel and continue the trend upward. B - Chop around in the bottom half of the channel until the Fed offers more certainty and clarity for the future. C - Make another leg...
Based off this *very* well respected weekly channel on the 10 year, I do believe 2.0-2.5% is quite possible, if not likely.
Next levels of technical support for the Nasdaq. Lower blue line of channel correlates with the COVID bottom.
Analyzing the QQQ using multiple SD bands of AVWAP anchored to the COVID bottom. These bands have provided excellent S/R levels.
Critical level for SQ to hold here at the intersection of higher and medium time frame pitchforks with the golden pocket and 2019 AVWAP
My next DCA levels in case BTC decides to keep makin moves.
Now trading outside the triangle - hope to retest support and curl up
TSLA approaching the apex of an ascending wedge coinciding with the intersection of two major pitchfork trendlines . Looking for a reversal here.
BTC forming an ascending wedge into strong resistance (and respected fib level) with bearish divergence on volume and RSI. I will take confirmation when lower trend line and 21 ema broken on candle close.
Price target reached on the bull cypher with pin bar rejection at the 61.8 line