This chart has been working since top of wedge still waiting for the 13k drop expectancy. we have the dip potential focused in the cup drop. watching the retracement after the confirmed boucne. one of my First Macro Charts tahts working nicely
Set up a drop range from the double top run up off the previous channel to retest the point of control. Good movement in the range so far once it broke the neckline for this continuation.
Im just playing w layers for this chart. Im utilizing the pitchfan to focus on the channel within the linear regression I set up. I use this to set up for finding supports when it breaks. I have integrated a Fib Spiral to maintain the trade and to find the top resistance ranges on the run up. If you hover on the chart you will see additional patterns that I...
I set this range for a breakout to the previous supply range. I broke it in a cross range because the first trend will be ran up to the midpoint before we see the first range and pullback. This will be set to run for a possible 100 day play to fullfill this which would mean we would be ending it october which means we get our run up for aug highs mid drop on...
I set a curve channel for this play. IF this bounces on the base drop of the curve to make a run up this will be a good ABC run up for a higher high. This is a long play after the bounce. We still have some drops ahead possible. If this retraces this low there looks like a good upside possibility for this run up atleast to retest the previous double top before...
From the Drop range I set a trend to the retracement back to the supply zone. I created a Bat Harmonic double top drop before entering this Butterfly run up to 25k retest. This is the range where I expect heavy resistance range where divergence pull backs are possible
Since this short reversal I set up a breakout to the next trend level up. I set an additional correction at the top range to retest the new point of control. Seeing how this plays out. Enjoy
Setup TQQQ for a Inverse Cup Drop to find support on the base of this Fib Channel. As long as we remain on this base support we can attempt a slow uptrend movement within these channels. We hit a bottom retracement range around the 26. Watch and follow the movements and wait for additional correction possibilities.
