*Accuracy rating update: 96% or 56.5/59 predictions correct*
Theme: A decline that ends with a fast, sudden move to the upside. This is crossed with at least one period of bullish sideways fluctuation that precedes a decline.
For the month of September, we temporarily establish new support around the month’s high. I’m advised that there’s a significant cash-out opportunity there. To reach the month’s low, there will be a notable decline with a breakdown through multiple critical support levels. On the 1st, we have a decline that ends with a sudden move to the upside. There’s also a swing trade opportunity in the midst of this decline around a critical price level with some sideways fluctuations that are in a bearish formation preceding an incline. Around the 2nd, there will be a notable decline that stands out on a one-month chart. On the 6th, we have a move higher through horizontal resistance which we will stay above briefly and then break back down through that same price level. There is one local high, meaning there is a prominent high that stands out on a one-day chart. That high will form when there’s a rally that marks an opportunity to open up a short position to protect against long positions on a one-day chart.
On the 7th, we have some cross correlations with both the month’s high and the month’s low, but the correlation is stronger for the month’s high. We will likely see some back and forth volatility here. It looks like there’s a cash out opportunity at the beginning of the day. There may be a day trade opportunity as well. It appears that the trading opportunity has to do with two leaders, which makes me think this is likely a high. Continuing with the 7th, there is a local low on a one-day chart, and out of it will come a rally along a diagonal trend line breaking through horizontal resistance before moving to secondary resistance. It will then break back down to somewhere between those two price levels. I’m advised to buy protection at the end of the day. On the 8th, we have what appears to be the completion of a rally. We may revisit a crest here. There’s a completion of a rally and a swing trade opportunity here involving a sideways fluctuation in a bearish formation that precedes a rally. On the 9th, there is a move out of a notable decline from the bottom of a range to the top of a range. Due to Mercury being in retrograde around this time, there will either be a reversal or a pause in trend. At the end of the day, we have a move higher followed by a decline back down through the same price level. A full moon around this time indicates another opportunity for reversal. Somewhere between the 8th and the 12th we’ll see a notable reversal on a one-month chart.
On the 12th, we have a move higher through horizontal resistance. We stay above resistance briefly then break back down to the same price level. It may be the same price level as the 9th if not a bit higher. There’s a local high that forms offering an opportunity to open up a short position. There’s also quite a big decline around the 12th, possibly early in the day. On the 13th, again we have a move higher through a resistance. We stay above resistance briefly before breaking back down. The overall theme for the 13th is a prominent move to the upside that’s matched by an equal move back down. For the 14th, a significant or important price level is highlighted at resistance. There’s one local high that forms there. We should be able to see when the high is forming because we’ll see a lull in volume. There’s also a swing trade opportunity on the 14th involving sideways fluctuations in bearish formation that precede an incline. On the 15th, there is a strong decline into a prominent trough. This trough could be prominent on a one-day chart or even on a one-month chart. On the 16th, there is an indication of a crest, although I don’t believe it to be the month’s high. We’ll also see a notable trough on either a one-day or one-month chart. We may reach a new low and then out of that come to a new high. There’s three criss-crosses back and forth through the same price level confirming a bullish trend. On the 19th, it may continue to rise a bit higher. The overall theme and behavior of the 19th is a fast and sudden move higher that marks the end of a period of volatility. There’s also a swing trade opportunity on the 19th that involves a sideways fluctuation in bearish formation that precedes a rally. Toward the end of the day, there’s a notable move to the upside.
On the 20th, it looks like there’ll be a lot of bullish energy. We may turn a resistance level into new support early on. There’s a notable move to the upside midday. Toward the end of the day, we may even turn a second resistance level into new support. There is a swing trade opportunity involving a key technical price level on a multi-day chart. On a one-day chart of the 20th, there will be a surprising new high that forms in the midst of some negative headwinds. Where we’ll expect to move lower we will actually move higher. Between the 21st and the 22nd, it looks as though we have a sideways S-formation, meaning between horizontal resistance and horizontal support we should see a decline to support followed by a rebound back up to resistance. This is then followed by another drop to support. It looks like we go from a crest into another notable trough here. There’s a lot of price movement in the midst of the sideways S-formation and big moves on the 22nd in general.
On the 23rd, we’ll see selling from near overbought territory on the RSI. There will also be two local lows on a one-day chart. One low will involve a rally out of the low along a diagonal trendline breaking through horizontal resistance to meet a secondary resistance and then fall back to somewhere between those price levels. The other low will be a high of some sort that will not be revisited on a one-day chart. Over the weekend, we have a new moon which is another reversal indication. On the 26th, we have three pokes through the same price level. On the third poke, there’s a notable decline on a one-day chart. We also have a swing trade opportunity involving sideways fluctuations in bearish formation preceding a rally. There is one local high on the 26th involving an important price level at resistance. It looks like we have a poke at that price level early in the day and one to two pokes at the end of the day if not overnight on the 27th. We’ll also see a notable rally over the 27th. In the midst of that rally, I’d advise opening up some protection. Protection is advised because come the next significant decline on a multi-day chart, we’re going to be significantly lower than the price level at the high on the 27th.
On the 28th, we have a rally that breaks down with a fast, sudden move to the upside and then breaks through a diagonal trendline with increasing volatility on the way down. It looks like we have lower prices on the 29th, revisiting some past problems. There’s also a flight to safety. On the 30th, we attempt to establish support at a low. It looks like there is also a notable fakeout at that low on the 30th. This is important to note because it’s one of the three significant fakeouts that we identified for 2022. There is a year’s low in September and it looks like there is another low late in September. With this low at the end of September there are significant trade opportunities.