Correction

Looks like MSFT is near a triple top or rising wedge pattern. The Triple Top is a widely recognized technical analysis pattern that signals a potential reversal from an uptrend to a downtrend in the stock market. This bearish pattern is characterized by three distinct peaks, which occur at approximately the same price level, following a sustained uptrend. As the pattern unfolds, traders and investors are often confronted with the realization that the upward momentum has lost steam, and a reversal is imminent. The Triple Top pattern is thus considered a reliable indicator of bearish sentiment, as it reflects the inability of the market to push prices higher, ultimately leading to a change in market dynamics. The formation of the Triple Top pattern is often driven by various factors, such as investor psychology, market sentiment, and supply-demand dynamics. As the stock reaches the first peak, profit-taking leads to a minor pullback. However, optimistic investors and traders continue to push the stock back up to the previous high, forming the second peak. This subsequent peak often raises concerns among market participants, as they start to question the sustainability of the uptrend. Finally, as the stock fails to break through the resistance level for a third time, a sense of pessimism begins to creep in. This psychological shift, combined with the exhaustion of buyers and the increasing presence of sellers, paves the way for a bearish reversal. To maximize the predictive power of the Triple Top pattern, traders and investors should pay attention to several factors. First, the volume should be carefully analyzed: generally, the volume tends to decrease as the pattern progresses, with a noticeable increase when the price breaks through the support level . This change in volume is indicative of the market's conviction in the bearish reversal. Second, a confirmation of the pattern occurs when the price falls below the support level , or the "neckline," which is the lowest point between the peaks. This breakdown signals that the bears have taken control, and the downtrend is likely to persist.

Took most of the bearish structures and tried to estimate the measured move for the 2nd impulse. The red lines are what I am focused on. Trying to be greedy and would prefer for this to move to somewhere near the yellow box. But this could get really nasty. There are still large impulses that could complete near the black and yellow horizontal lines.

Just sketching some shapes to see how similar the patterns are compared to march 2020 on BTC . Trend line between two major drops and fibs line up somewhat. Watching for a bounce near the black trendline.

Sketched some levels key that would complete a few of the bearish structures present on the BNB chart. The curved dashed lines are meant to measure the log-scale range of the first impulse and are not for trajectory.

NVDA is trapped and it must break out soon. Downside is more likely than up. I expect a sharp drop and a retest the yellow area if it does.

The algos have painted a beautiful picture with these candles. I took the ratio of ULTA and TGT and I highlighted the areas that I think correspond in each structure. If this trend line does not break to the upside then I would like to see a steeper move than the previous impulse down.

SHIBUSD is forming a nasty bearish structure. Watching for a break of the major base of the structure. I will wait for a possible move to the lower area, which is the range of the first impulse from the trendline.

AMD is in a rising wedge . Could see a retest of lower levels if it does not break out of it soon. Otherwise I will be watching for levels near the ATH.

Watching these levels for completion of the bear flags on the ETHUSD pair and the ETHBTC pair.

Just highlighting the times that the SP500 has crashed. These also correspond to major crashes in BTC . Will it be different this time if we get a major stock market crash?