Skip to main content

Failure of basic bear trend. Bears should be carful now.

The basic 76 retracements have now failed. This may be the early breaking of the downtrend and we may be in a buy the dip market.

​

https://preview.redd.it/3sn2ebw9m0ga1.png?width=1456&format=png&auto=webp&v=enabled&s=7940951a764c80bb09615b3560f0b1d89ebf014c

If we can break over 4200 or hold supports around 4070 these both strongly imply we head to at least 4300. 4400 - 4500 much more probable and a new high (Maybe a nominally higher high relative to 2021 high) is also possible.

Bears need to get under 4000. I am currently short but my target is 4080. 4070 I will probably be long target 4300 - 5000. These seem like viable targets now with us breaking the 76.

​

Read full plans here. Basic bear levels failed. - by HoleyProfit (substack.com)



via reddit https://ift.tt/qdaRI2Z
Labels:

Comments

Post a Comment

Popular posts from this blog

Never under estimate the ability of sceptics of market timing to mis-time the market

I won't name names, we have some here. You'll maybe have noticed them. But it's a generic thing. https://preview.redd.it/7aziwgo6wc381.png?width=1103&format=png&auto=webp&s=264ef5fa77887f4c1a74de6f69192cc842a13131 OP SPX reaction to the 161 : BeatTheBear (reddit.com) https://preview.redd.it/fzqufzlyvc381.png?width=1015&format=png&auto=webp&s=e6a98e35523cbb31a3b67d10dd27594dea026958 These are one hour candles. This post was 3 hours ago. Count them. https://preview.redd.it/qj6ba94gwc381.png?width=1901&format=png&auto=webp&s=a6a18b509ffb36c740cf6a43acfdc885331c9539 (I missed my trade, though) via reddit https://ift.tt/3lyJPu3
Post a Comment
Read more

I think BTC's now went though the "Typical stages of a market break"

Let's review. First see Typical stages of a market break. : BeatTheBear (reddit.com) ​ Butterfly top: https://preview.redd.it/0cmben3k4k381.png?width=1154&format=png&auto=webp&s=b0323bb9058ff5dde35ba8b592179e09b0662873 Check https://preview.redd.it/2xumdu8q4k381.png?width=1920&format=png&auto=webp&s=cc0b1bf24674b42a3f45e35dfc3f61291a4fbffd First big break https://preview.redd.it/79iv5fgs4k381.png?width=923&format=png&auto=webp&s=6c22f8575280850727acc0d8887dc13df8f70ce9 Range into hard downs. Check. https://preview.redd.it/c2hn32jz4k381.png?width=1920&format=png&auto=webp&s=f87deb48a09b11ef29fe587dd9191fdfe02b6aad If this is the case we should be getting close to the bull trap section of the move (There's still some risk of another down to 38K so be careful with stops if long). ​ In the template we've given this as a double top. https://preview.redd.it/l5l0ghh85k381.png?width=905&format=png&auto=webp&s...
Post a Comment
Read more