ETH: Mid Term Group Suggesting Major Push Down Soon
Hi Everyone! I thought it was important to point out the indicators in the Mid Term Group of time frames (4-Day, 8-Day, 9-Day, 10-Day, 11-Day, 12-Day, 13-Day and 2-Week) are suggesting we are potentially on the verge of a major push down. The Red and Blue Lines for the PARXCES indicator (NOT Phoenix Ascending) are below level 50 or level 70 in most every time frame except the 13-Day and 2-Week.
The 13-Day is located Top Right of Center. We have approximately 6-Days remaining before we see a "new" 13-Day candle. At which point, "both" the Red and Blue Lines may be under Yellow Level 50; increasing probability for the B-Bands to expand and price action to go "down" with this expansion. Similar to what you saw occurring earlier in time frames lower than the 2-Week; which see. (The 2-Week is located at Top Right Corner). We require another 13-Days before we see a new 2-Week).
BOTTOM LINE: We are subject to see a potential major move to the downside within the next 3-Weeks. This could be a slow bleed down before a major shakeout move (Wyckoff Spring) occurs; marking the halfway point in Phase C of our MACRO Accumulation.
The 13-Day is located Top Right of Center. We have approximately 6-Days remaining before we see a "new" 13-Day candle. At which point, "both" the Red and Blue Lines may be under Yellow Level 50; increasing probability for the B-Bands to expand and price action to go "down" with this expansion. Similar to what you saw occurring earlier in time frames lower than the 2-Week; which see. (The 2-Week is located at Top Right Corner). We require another 13-Days before we see a new 2-Week).
BOTTOM LINE: We are subject to see a potential major move to the downside within the next 3-Weeks. This could be a slow bleed down before a major shakeout move (Wyckoff Spring) occurs; marking the halfway point in Phase C of our MACRO Accumulation.
Nota
UPDATE:BLUE TEXT BUBBLE (Within the 8-Week time frame):
White Lower B-Band the "next" 8-Week
candle appears to be our "Floor of Support."
I'm estimating $1,244 may be the price
level of the white lower b-band the NEXT
8-Week candle; beginning 13.5 Days from
this writing.
Nota
UPDATE:I placed a $1,244 price point on this Wyckoff Chart:
Aviso legal
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.