March 2023 INO Predictions (Public Version)

Month’s Theme: A brief peak that’s easily missed followed by a notable decline through multiple support levels.

Behavior Around the High: Three pokes through the same price level followed by a sharp decline after the third poke.

Behavior Around the Low: The highest probability of a low is on the 22nd as well as somewhere between the 29th and the 30th.

Overview

Week One (3/1-3/3)

On March 1st, we’ll have a sideways fluctuating rally with what appears to be a crest midday. That rally precedes a decline. Out of that decline there’s a pretty big move to the upside on the cusp of the 1st and 2nd or on the 2nd. There’s a decline early in the day on the 3rd.

Week Two (3/6-3/10)

On the 6th, there’s an important technical price level highlighted. There’s a crest or peak toward the middle part of the day on the 7th. We’ll also sell off pretty significantly from that overbought crest or peak on the 7th. There’s a notable move to the upside out of a decline on the 8th. On the 9th, there’s a rally that increases with momentum moving forward in time. We’ll hit a resistance level on the 10th.

Week Three (3/13-3/17)

On the 13th, it looks like we’ll probably gap down and there’s a prominent trough or low early in the day. That’s followed by a fast, sudden move higher and a notable rally out of that low. We’ll establish support somewhere between the 13th and the 14th, and then there’s a notable move higher that will stand out on a one-month chart on the 14th. We’ll establish support at a higher level here. On the 15th, we’re bound by the upper end of a range and there’s a decline off of a crest or peak in the early afternoon. We’ll decline overnight or early in the morning on the 16th creating a prominent trough or low. There’s also some volatility that ends with a fast, sudden move higher on the 16th, however I’m advised not to chase that rally. We’ll come up to a resistance level that stands out on a one-month chart on the 16th or 17th. It looks like we’ll have a pretty big drop over the weekend from the 17th into the 20th.

Week Four (3/20-3/24)

On the 20th, there’s a notable move higher in the morning out of a significant decline. On the 21st, that move higher takes us to a key resistance level that we’ll then turn into a new support level. There’s a gap down into a lowest low on the 22nd. We’ll move to the upside from that low into a prominent crest or peak toward the end of the day. On the 23rd, there’s a holding pattern with a pop and drop and multiple failed attempts to break through key resistance. There’s a period of volatility on the 23rd and a sharp drop somewhere between the 23rd and the 24th. There’s a rally on a one-day chart on the 24th that increases with momentum moving forward into a local high for the day forming a crest.

Week Five (3/27-3/31)

On the 27th, we’ll have some sideways rotation along a key support level on a one-month scale that increases with bearish momentum moving forward in time and taking us into a trough or low on the 28th. We’ll rally out of that trough to meet a prominent crest or peak later in the day. There’s a lowest low somewhere between the 29th and the 30th. On the 29th, there’s a notable move to the upside. There’s a gap down moving into the 30th. We’ll rally to the upside out of that gap down on the 30th. That rally ends on the 30th and then there’s erratic behavior back and forth through the same price level on the 31st. We’ll revisit a crest in the midst of that erratic behavior on the 31st.

Sneak Preview

In April, there’s an unexpected move to the upside that will stand out on a one-year chart.