The BIGGER Picture

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TOTAL TOTALDEFI TOTAL2 TOTAL3 OTHERS

When backing away from the magnifying glass for a little bit, it all seems to make more sense.

Let’s start with the first 3 wave correction that started in January 2018 and ended December 2018.

There was a huge BC (Buying Climax) followed by a SC (Selling Climax). Then afterwards an AR (Automatic Rally). Then to end with an accumulative ST (Secondary Test); Which in a larger time frame turned out to be a gigantic 1:1.13 - 3 wave correction before continuation.

Later on in June 2019 marked the beginning of another 3 wave correction. This correction was just shy of a 1:1.618 correction (which is a rather large correction (Covid 19 Black Swan Event)). After completion, that's when the fun REALLY started.

May 2021 marked the end of the BC (the beginning of the next 3 wave correction). What was unique about this distribution area is that it retraced down to form an AR; which at the time, I would imagine that very few saw it coming). What followed after the rally down was the UTAD (Up Thrust After Distribution). That distribution phase lasted from October 2021 all the way through to March 2022. Then came the nasty SC followed by a ST to mark the bottom of the bear market. The most unique part of this TA is that this was another huge 1:1.618 3 wave correction.

SO, similar to the 3 wave correction that formed at the previous LPS in 2020, we are currently experiencing the same situation ( a 1:0.618 correction) ; closing in on the LPS event of this accumulation phase. And the clue is in the large bottom wick (Green Arrow) that shot through the 1:0.786 last month.

According to this TA, we are in the moment that offers the deepest value buys before the real BC begins.

With that being noted; Window shopping is close to over; so get your assets in order because we are closing in on the moment we have all been waiting for.

Good Luck Traders!

- Not Financial Advice -

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ملاحظة

Another detail I did not touch on. The SOS (Sign of Strength) event. This demonstrates the amount of strength in the trend. The SOS in January 2020 was -41.49% under the previous ATH. Looking at the SOS event in December 2024; Which put us under -21.75% compared to the previous ATH. This suggests that this trend could be a very strong one.

Good Luck!

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ملاحظة

This TA applies to mainly TOTAL DEFI. There could be slightly different outcomes when compared to TOTAL. Also, it does not imply that there will not be lower lows or any more corrective areas/GW retracements before the rally begins. But on a larger TF, we are getting ready to cook.

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ملاحظة

The pumps today have been a relief. But the time is coming soon for some correction and this choppy ascending channel is looking a bit dangerous.

There may be an attempt to break out, but the final result may end with a retracement down to the golden window support structure.

The 500 EMA is gliding through this window; which could be a cause for the retracement to stab through there and find support.