JackRichards1987

Gotta love the classic BTC Bart Simpson pattern LOL

SPX heading to test the 200 then possibly the lower trendline in this triangle if that breaks. Could be a big leg down if the triangle breaks.

If this wedge breakdown confirms, we are headed for previous lows.

Many have noted the "breakout" of the triangle over the last several sessions. I have not been convinced it has any legs. We are also developing a nice ascending wedge. My guess is the ~40% of target we hit was all the triangle had, and the wedge will play out to the downside.

BTC has been textbook pattern after textbook pattern in this bear market. Fun learning experience (for me anyway).

The wedge I've been waiting for over the last few weeks has finally broken down. Next stop I believe is around $13,500 and ultimately back to the long term trend line at $8,000.

Bulls are calling for SPX to 4150 bears to 3100. Which trend-line are we headed for? My personal belief is we are dead cat bouncing on the way to 3100 but time will tell. If the bulls rush in we could definitely see a squeeze to 4150... If reality takes hold 3100...I am actually not convinced this rally will go all the way to 4100. Everyone is bullish but my gut says reversal is coming. Time will tell.Upper trend line tested and rejected.

We are at the end of a descending triangle in BTC on the weekly/daily. I am expecting we drop suddenly then chop around in the $12k-6k range. Historically speaking the bottom should occur somewhere around the month of November which would coincide with a likely Fed pivot timeframe. Thoughts..?

Following this since the head and shoulders formed.. Multiple bear flags followed. I don't think $15k is the bottom either..

Waiting to see if this double head and shoulders top plays out. If it does it will be like watching the Titanic sink. If we break below the $30-35k support level, dead cat bounce off of $20k on the way to the $10,000 range.Still in play. Recent patterns confirm.