2020

  Pattern: Lower Highs bullish break-out. Signal: Buy as the RSI broke above its 3 month Lower Highs trend-line and the MACD is on a Bullish Cross much below the mean. Target: 13850 (within the ATH and 1.236 Fib extension line). Most recent DAX signal: ** Please support this idea with your likes and comments,

  Since the September 03 Top (All Time High), S&P500 has entered a volatile pattern in the form of a Triangle. The major drivers of this weakness have fundamentally been the U.S. stimulus being delayed and then the elections. Today the Lower Highs trend-line of this Triangle is being tested. If broken, I expect the

  The chart comparison doesn’t need much explaining. I compare the price action on the 1W time-frame that led to the 2016 actions with today’s sequence. Both patterns are Megaphones on a descending RSI with the 1W MA50 (blue trend-line) acting as a Support on the Megaphones late stage. On the November 07 2016 1W

  Dow rebounded 3 days ago on the 1D MA200 (orange trend-line). Since late July, this trend-line has been holding firmly as Support and every contact (with a candle week, no candle closing has been done below it), has resulted in a strong rise. Since the pattern is a Channel Down currently (since the September

  Pattern: Triangle on 4H. Signal: Buy on the next MA50 contact as the price breached the 4H MA200 as in October 01. Also the MACD made a strong Bullish Cross, similar in strength with the September 24 – 29. Target: 3500 (potential contact on the Lower High trend-line of the pattern). Most recent S&P