I have noticed a pattern over the years.
When the 3rd peak touching the top double blue lines breaks through and then comes back down into the channel. It is a sign of more shorting to come.
More often it will continue its uptrend if it breaks out of the down trend on the fourth touch of the double blue lines. Yet to come.
This is 1 bad sign from my perspective^
A second bad sign, that just finished forming today is a H&S pattern.
The 3rd bad sign is the inflation rate that just lost to the expectations of a decline...while I try not to pay attention to politics for trading paradigm shifts, this is an economic confirmation that things will keep slowing down.
Fingers crossed interest rates don't get another spike!
I'm sitting on SQQQ right now with this perfect risk to reward ratio that has arrived.
Cheers
When the 3rd peak touching the top double blue lines breaks through and then comes back down into the channel. It is a sign of more shorting to come.
More often it will continue its uptrend if it breaks out of the down trend on the fourth touch of the double blue lines. Yet to come.
This is 1 bad sign from my perspective^
A second bad sign, that just finished forming today is a H&S pattern.
The 3rd bad sign is the inflation rate that just lost to the expectations of a decline...while I try not to pay attention to politics for trading paradigm shifts, this is an economic confirmation that things will keep slowing down.
Fingers crossed interest rates don't get another spike!
I'm sitting on SQQQ right now with this perfect risk to reward ratio that has arrived.
Cheers