[SPX] Failed to Hold Uptrend... Downtrend Fractal Gaining Power
Also broke out of Flag and RW Chimera structure.
RW also very flat.
RW also very flat.
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Here's some more potential breakout/down points...
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Got a clear EOD breakout to taking a breather on top of RW structure. Could very well jump up from here but it was a pretty weak climb again today, decent chance we breakdown...
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Oh wow guys, look at that! We broke out of another weak RW structure right back down to the top of the 1.5Y Peak Channel...
Interestingly here, we have a couple old megaphone lines (red) in the mix, these have been quite reactive so far so this is the most powerful fractal area anywhere nearby meaning we're likely to bounce or break under and fall.
Interestingly here, we have a couple old megaphone lines (red) in the mix, these have been quite reactive so far so this is the most powerful fractal area anywhere nearby meaning we're likely to bounce or break under and fall.
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Downtrend still winning as predicted!
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Could be another flag here, tough to say for sure...
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Wow hope you guys crushed it on this flag breakout AND the yellow dotted line breakout...
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New RW structure, much steeper than the last two, not as clear though, very chaotic.
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Like Magic!
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We may have already broken under the light blue fractal! Gotta wait for confirm here but lookin bearish. Added the next yellow fractal to look out for a break...
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If you're not tracking SPX RW's rn, I don't know what you're doing, easiest trade for weeks...
Data analyst with a passion for best fit lines B)
Got another flat RW here, let's see how it plays...