Updated: Jan 1
Year’s theme: A fast, sudden move to the upside within a period of volatility. There’s also a U-shaped dip between March and September.
Behavior around the high: A fast, sudden move higher that will stand out on at least a one-year chart.
Behavior around the low: Out of the low, there’s a period of behavior where we’re bumping up against resistance, breaking through resistance, and then bumping up against resistance again.
An opportunity to open up a long position after an unexpected drop into March’s low.
There’s a brief peak in the first week of January that’s easily missed, and from there we’ll decline through multiple support levels to reach a significant bottom. We’ll then rally back up into a prominent crest and be bound by the upper end of a range in late January.
In early February, we’ll sell off from an overbought peak or crest. We’ll sell down to and through a support level on a one-year chart that we recently broke down through. Around February’s low, we’ll sell off of a crest down to and through a support level. There’s a U-shaped reversal below that support level and then we’ll come back up and reuse that support level as support. There’s a big move into a prominent high toward the end of the month. There’s a notable move to reach that high, however we fail to break through key resistance followed by a decline through key support. That decline takes us into a low for the year mid-March. There’s a high toward the end of February.
We’ll turn resistance into new support in March and have sideways rotation at the month’s high. There’s an unexpected drop to reach the month’s low. That drop offers an opportunity to open a long position.
Out of March’s low, there’s a breakout to the upside on a one-year scale and we’ll hit a crest around the beginning of April. Off of that crest, we’ll meet a prominent low after a sharp drop that will stand out on a one-year chart in mid-April. After that prominent low, we’ll have a move higher that successfully turns resistance into new support. There’s a new local high and a lot of trade opportunities in April. We’ll have some sideways fluidity toward the end of the month with equal amounts of bulls and bears trading. It looks like there’s a trough around this time.
There’s a trade opportunity in early May before a big move to the upside. There’s a move to the downside mid-May. Out of a decline toward the end of the month, we’ll have a fast, sudden move higher where we’ll reach for distant resistance. That move higher continues into June.
Off of the high for June, there’s a notable move that will stand out on a one-year chart. We’ll hit a key resistance level toward the end of the month. The low is on the cusp of May and June. Off of the low, we’ll push the upper end of a range higher.
There’s another prominent low in early July. We’ll have a period of sideways rotation along key support on a one-year chart. That period of sideways rotation ends with a fast, sudden move higher. There’s erratic behavior back and forth through the same price level around July’s high. Within that erratic behavior, we’ll revisit a crest that was recently a past opportunity. There’s a big fake out toward the end of the month where we’ll decline and revisit a support level that was recently a past opportunity. There are multiple false bottoms in July and a breakout to the upside toward the end of the month. That breakout continues into early August.
There’s a holding pattern around a resistance level toward the end of August. There are three pokes through the same resistance level followed by a sharp decline into the month’s low. There’s a speech around a trough.
We’ll rally to resistance through August and into early September. That rally is followed by a big move to the downside that increases with momentum moving forward in time. Out of that prominent decline, there’s a big move from the bottom of a range to the top of a range. That prominent move to the upside will bring us into what is likely the high for the year in either mid or late September.
Off of that high in September, there’s a significant decline into a prominent low in October. We’ll decline into a low near late October. There’s a rally out of the low that increases with momentum moving into November.
In November, we’ll come up against a resistance level to reach the month’s high and attempt to establish support. We’ll expect to break through resistance, however we’ll fail to do so and decline through key support. There’s a notable move higher out of the month’s low and some volatility toward the end of the month. The month’s high is likely toward the end of the month. There’s a sharp decline off of a peak or crest on the cusp of November and December. I’m advised to open up some protection around the cusp.
The low in December will be reached after a move higher through resistance followed by a full retracement back down through that same price level. We’ll attempt to reestablish support toward the end of the month.
In 2024, we’ll see sideways fluctuations with a bearish trend that precede a significant move to the upside that will stand out on a multi-year chart.
#IVTheEmperor #IXTheHermit #9ofCups #PrinceofDisks #8ofWands #3ofCups #10ofSwords #XILust #XXITheUniverse #8ofCups #10ofWands #10ofCups #5ofSwords #AceofCups #6ofWands #XVIIITheMoon #2ofDisks #10ofDisks #KnightofCups #XIXTheSun #4ofSwords #XIIIDeath #4ofCups #0TheFool #6ofDisks #PrincessofDisks #XXTheAeon #3ofDisks #KnightofSwords #UnicursalHexigram #IIITheEmpress #6ofCups #VTheHierophant #QueenofCups #IITheUniverse #ITheMagus #QueenofWands #PrinceofWands #XIITheHangedMan #KnightofDisks #XVTheDevil #XVIITheStar #2ofSwords #PrinceofCups #XIVArt #AceofDisks #PrincessofSwords #5ofCups #QueenofSwords #XVITheTower #4ofDisks #8ofDisks #3ofSwords #9ofWands #5ofWands #7ofSwords #2ofCups #KnightofWands #7ofWands #AceofWands