Updated: Nov 30, 2022
*Accuracy rating update: 93% or 13/14 predictions correct*
A move higher along a diagonal trend line breaking through horizontal resistance to meet a secondary resistance followed by a pull back to somewhere between those two price levels. It looks like we’ll see a prominent high as well. Around the high, there will be three criss-crosses around the same price level that confirm a bullish trend. Around the day’s low, there’s a notable trade opportunity. I’m advised to trade around the beginning of a rally.
On September 21, 2022, in the pre-market there’s a notable move to the upside out of oversold territory or to fill a gap down. There’s also likely a trough in the pre-market. Right at the open, there is a completion of a bullish trend. There’s an opportunity here to open up some protection. Between 9:30 a.m. and 11:00 a.m., there’s a move higher followed by a move back down. Between open and 11:00 a.m., we should see a sideways S-formation between a horizontal resistance and a horizontal support. Between 11:00 a.m. and noon (but closer to 11), there will be a prominent crest. From that crest, we will sell down to and through a support level. There’s a trade opportunity below that support level. We’ll then move back up and reuse that support level as support.
Around noon, we revisit a past problem and there may be a bit of a flight to safety. Between roughly 2:00 p.m. and 3:00 p.m., we’ll see a prominent move higher on a one-day chart. From 2:00 p.m. into the close, there should be sideways fluctuations with a bearish trend that pick up momentum as we move toward the close. Right at the close, there’s a prominent move higher off of a low marking an opportunity to open up a short position. In the post-market, we have rotation along a support level. We rise to meet the nearest resistance and then fall back down to meet that support level and then rotate alongside it again.
We open lower.