Big Gap Down 9/5?
I think this setup warrants at least a few lotto puts for the next few weeks. Risk is incredibly high here with a rejection in the 380 region.
Here are my targets:
- PT1 349-360 in the time range of 9/5-9/8.. would not be surprised with a gap down after the long weekend to kick this off
- PT2 328-348 in the time range of 9/20-10/6... this is a more reasonable target that I expect to hit with higher probability than PT1.
** So in summary, I am very bearish on equities and crypto here. The larger picture is that we are completing a B-wave and about to begin a C-wave to new lows in 2024 (meaning the bottom will be in 2024, but the first leg down will start this fall). My goal target is QQQ 180 by June 2024 - I believe PT1 and PT2 on this chart will be how this crash wave gets initiated.
My analysis is based on my method which relies solely on math/price action, no economic factors/news/etc. are considered because they don't drive price action. However, below are some supplemental theories based on historic trends for why this gap down could occur next week:
~ Crypto is in trouble - if BTC breaks down 25k over the weekend then it will get hit hard to around 17-18k.. this kind of move will be significant enough to drag global markets with it
~ Historically the most brutal crashes have happened after a 3 day weekend (e.g. covid).. I'm not basing anything on this but since my charts indicated crash potential for Monday which is coincidentally after 3 day weekend is interesting.
*** 9/8 355 puts; 10/6 335 puts **
Here are my targets:
- PT1 349-360 in the time range of 9/5-9/8.. would not be surprised with a gap down after the long weekend to kick this off
- PT2 328-348 in the time range of 9/20-10/6... this is a more reasonable target that I expect to hit with higher probability than PT1.
** So in summary, I am very bearish on equities and crypto here. The larger picture is that we are completing a B-wave and about to begin a C-wave to new lows in 2024 (meaning the bottom will be in 2024, but the first leg down will start this fall). My goal target is QQQ 180 by June 2024 - I believe PT1 and PT2 on this chart will be how this crash wave gets initiated.
My analysis is based on my method which relies solely on math/price action, no economic factors/news/etc. are considered because they don't drive price action. However, below are some supplemental theories based on historic trends for why this gap down could occur next week:
~ Crypto is in trouble - if BTC breaks down 25k over the weekend then it will get hit hard to around 17-18k.. this kind of move will be significant enough to drag global markets with it
~ Historically the most brutal crashes have happened after a 3 day weekend (e.g. covid).. I'm not basing anything on this but since my charts indicated crash potential for Monday which is coincidentally after 3 day weekend is interesting.
*** 9/8 355 puts; 10/6 335 puts **
ملاحظة
I think the gap down will be to 370 or lower and then continue down to PT1 from there.ملاحظة
1 day later than expected but the drop to 328-348 is in motion. Just need to break down 370 to initiate explosive continuation downملاحظة
We got the gap to 370. Look out below.ملاحظة
Expecting PT2 to hit on timeملاحظة
Point target by 10/13 is 337. This is about to tankملاحظة
still on track for target 2 range, means I'm expecting continuation down the next few days.Watching 346 for first set of profit taking , and then keeping rest of position for when it takes out 337.
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.