The move forecast on this analysis is not different from the forecasts in my previous (Linked) analysis, but we'll take a look at this because it's interesting. The cup and handle pattern is one readily recognised by bulls (New and old alike) but less often do we see people showing examples of the bearish variation of the pattern. We might have one of these setting up on BTC.
Our conditions to form the sell signal here are a fall down to retest the lows and then a shallow bounce to about 40K. This would form the cup and then the handle part of the pattern and generate strong sell signals into the 40K sort of zone. In the bullish version of the cup and handle pattern the implied price move is a parabolic (Straight up) move. Similarly, in the bearish version of the pattern capitulation (Straight down) is implied.
Our conditions to form the sell signal here are a fall down to retest the lows and then a shallow bounce to about 40K. This would form the cup and then the handle part of the pattern and generate strong sell signals into the 40K sort of zone. In the bullish version of the cup and handle pattern the implied price move is a parabolic (Straight up) move. Similarly, in the bearish version of the pattern capitulation (Straight down) is implied.
We may be inside of a crash event to 3000 in SPX.
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
We may be inside of a crash event to 3000 in SPX.
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.