left right looks like minute patterns. the middle one is the big move. 10x up from there.
As I continue to watch bond markets and the 3 month specifically I have noticed a pattern for short term bullish confluence with SPY. I have highlighted (with the light purple dots) the pops in the daily 3mo chart that occur after at least a five day downward yield slide. Above the 3mo candles is a snip of the SPY chart that corresponds with the initial 3mo daily pop. The text in green notes the percentages over the following 7 and 13 trading days. A couple of the SPY snips actually fell off on the 14th day after the initial pop so that is where I am capping the potential gains going forward. Please also note that the Dec 4th pop resulted in a loss in SPY for both the 7 and 13 trading days afterwards. The SPY fractal that starts from today’s 3mo pop (Tues Dec 31) is essentially a copy of SPY action from mid-Nov to mid-Dec 2024. If it were to play out we would be at or slightly above all time highs going into the Jan 20th US inauguration and then flat into Jan 29 FOMC. FYI…the daily sideways scale of the SPY snips does not align perfectly with 3mo daily candles. I did try to line up the starting day for each though. There are of course 3mo auctions 4 times a month on avg. (large snip left lower on chart) so take this info as you will. I am only noting what I see as a pattern of a pop in yield following a significant decline in yield and the corresponding SPY price action in the following week or two. One could easily argue that the santa rally is not here this year…and the glaring head and shoulders on the SPY daily chart warrants more downside. I am choosing to remain cautiously optimistic with the bond information in conjunction with my overall thesis leading into Q1 of 2025. I believe the bond markets close at 2pm today, so assuming todays 3mo candle remains a green pop I offer this thesis as a possibility. Thanks and take care. Happy New Year all. MR
#XLM is making a big correction wave there is a nice demand which can make the market rise a bit as wave B but we have to wait for the market to see what will happen
https://www.tradingview.com/x/rz12YiwY/ Interesting from structuring and chart patterns points of views. That's an example of stock which should be considered for shorts. ALGN looks very weak, even considering high probability of the trendline temporarily holding the support for a while. This confluence of patterns is killing all long ideas.
Should see price retest the marked area (around $2700) probably. Stop loss $3550
#NASDAQ is making a correction like ABC wave this pattern can force the crypto market to drop ! this is an unwrited rule ! but it will happen !
I think we are going to be playing in this zone for a little while.
The last day of this year 2024. We have an interesting close of the year for TA. Have a great 2025! Wish you all the best in coming year!
Its in a big trouble. Entry Short: 61 Stop Loss: 63.60 Exit: ~36 This is a potential 40% gain in 6 months. All the best. Marketpanda Disclaimer: The information provided is for general informational and educational purposes only, and does not constitute financial, investment, or legal advice. None of the content shared should be relied upon as the sole basis for making investment decisions. Prior to making any financial or investment decisions, it is strongly recommended that you consult with a qualified financial advisor, accountant, or other professional who is familiar with your individual circumstances and risk tolerance. Any reliance you place on the information presented is strictly at your own risk, and we are not responsible for any losses, damages, or liabilities resulting from your investment or trading activities.
Chart Observations: Descending Trend with Lower Highs: The Dogecoin/BTC pair consistently shows lower highs, reflecting weakening bullish momentum. The trend is confined within a descending channel, with no clear breakout attempt. Critical Support at 0.000003 BTC: The pair is approaching 0.000003 BTC, a key support level. While this could provide temporary relief, the overall trend suggests continued bearish pressure. Bearish Momentum Confirmation: A failure to break the downtrend line (blue line) highlights the dominance of sellers. The Ichimoku cloud and lower lows support a continuation of bearish movement. Why Bitcoin Over Dogecoin?: Bitcoin Shows Strength: Bitcoin has maintained a more stable and bullish trajectory, making it a safer and more rewarding investment compared to speculative assets like Dogecoin. Higher Risk with Dogecoin: Dogecoin remains vulnerable to further breakdown if the 0.000003 BTC support fails. The lack of bullish catalysts suggests Dogecoin may continue underperforming relative to Bitcoin. Investment Reliability: Bitcoin’s market dominance and historical performance make it a better hedge and a more consistent growth opportunity compared to Dogecoin. Conclusion: While Dogecoin approaches critical support at 0.000003 BTC, the overall trend indicates further weakness. Bitcoin, on the other hand, offers a more stable and promising outlook, making it the better investment choice at this time. ? Disclaimer: This analysis is for informational purposes only and is not financial advice. Conduct your own research and consult a professional before making trading decisions. ?