S&P 500 IndexShort
[SPX] Double Head and Shoulders Lower Low? Bearish W!? WTH?
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Such delicious bounces and momentum, loving this Price Action.
Notice how each shoulder got rejected at the exact same magenta fractal point (top of 1.5Y Peak Channel), this latest one in our core Peak Box Fractal.
That showing today was impressive but until Price Action stops creating bearish patterns, it's lookin bearish and increasingly like a proper Top.
Tomorrow will necessarily be pivotal, even holding steady would be a solid win for Bulls.
This is already 3rd LL peak.
Oh and about that Bearish W.
We've seen a lot of Bullish ones in this massive rally, if this holds that'll be a the first big Bearish one.
Notice how each shoulder got rejected at the exact same magenta fractal point (top of 1.5Y Peak Channel), this latest one in our core Peak Box Fractal.
That showing today was impressive but until Price Action stops creating bearish patterns, it's lookin bearish and increasingly like a proper Top.
Tomorrow will necessarily be pivotal, even holding steady would be a solid win for Bulls.
This is already 3rd LL peak.
Oh and about that Bearish W.
We've seen a lot of Bullish ones in this massive rally, if this holds that'll be a the first big Bearish one.
Anmerkung
Look at that reflection, what a beautiful Peak this could be...Anmerkung
So far so good...Anmerkung
Damn near nailed the reversal today lol plus ANOTHER mini H&S...Anmerkung
Now's your chance Bulls... GET IT!Anmerkung
That's two rejections today off my random H&S Top fractal prediction lol... Are you not entertained!?Anmerkung
Even the yellow fractalceptioned 2D H&S right shoulder held up pretty well!Anmerkung
Latest idea...![[SPX] Heading Back to Test 5Y Peak Channel Top ~3.76K](https://s3.tradingview.com/a/AsXl9t5z_mid.png)
Anmerkung
It's exactly following the Bearish W path and bouncin off fractals along the way...Anmerkung
That dashed line is scary accurate, god damn...Anmerkung
Just look at these beautiful 5m waterfalls right off the 1.5Y Peak Channel mid-line: Anmerkung
Latest idea...![[SPX] I Spy With My Little Eye... a 1M BEAR Pennant!](https://s3.tradingview.com/4/4PCUJhk5_mid.png)
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This idea is just playin out too good, we got Pennant retest and rejection right at the 1.5Y Peak Channel mid-line...Anmerkung
Closeup view...Anmerkung
Bulls got rejected pretty cleanly so far...Anmerkung
Made it to 3.76k!
Data analyst with a passion for best fit lines B)
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