Fracture or non-fracture!?
Why no one speaks, that the tipping point has worked again.
2-5July worked
14July worked
Let's not count? :))
time forecast
Will history repeat itself?
Ago, who is interested in and believes in a certain cyclical nature of the markets, I advise you to look at the behavior of SPX in 1968. If possible, tell me your opinion, do you find similarities and what are we on 100% coincided so far.
Trader, or rather a professional, must deal “gymnastics” so , to grow.
Roman’s waves
Assuming, that the discovered pattern has some weight, then the duration of the fall should be of the order of 9 weeks( 9 bars on the chart) or to rephrase, then the rebound should start after 9 weeks.
Now we end up with either 7, or 8 week. Consequently, it can be assumed, that the rebound will appear after expiration 18 June.
After all, the predicted last wave 1-10 it turned out to be correctly predicted before the correction.
Could it be…
And you could get out of the longs on the top, for example, when was this post madeoror
Action Plan, 23 April
Daily Fibo zones passed with small deviations, so I will focus on the new time date
23 April, where a break is possible, so on this date should have a large position, if this BUYOK continues its work. And before that there will be attempts to find the starting point of entry.
Need to mark , what 16 expiration, but not 23. so there may be shifts. As well as 23 April is closer to the month of MAY and perhaps sell in may and go away will work this time.
Explanation
I want to explain why I removed the positional short status today.
Since the critical area 20-23 November created conflicting signals and there is no quick materialization of the negative, I considered it necessary to remove the risky positional short in order to, to remove risks and so that readers comply with money management and act strictly according to plan. Sit in position and hope is wrong. Better to sit out and wait for the technical picture to be clarified.. Therefore, the style should be while scalp or swing.
I closed my small positional short at a loss, but almost blocked it with fast swing and scalp trades. If there is a delay in the materialization of the negative, then it is better to wait and maybe the situation will be, when the scalp can turn into a positional trade.