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SHIB Predictions for December 2023 (Early Access Public)

Updated: Apr 24



  • Month’s Theme: An overbought peak or crest that we’ll sell off from through multiple support levels. That’s crossed with multiple failed attempts to break through key resistance.


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


  • Behavior Around the Low: A big move out of the low pushing the upper end of a range higher.


  • Exclusive Trade Opportunities for Subscribers:

    • An opportunity to open a long position at a trough on the 2nd and close it toward the end of the day.

    • An opportunity to open a short position at a peak on the 3rd and close it the morning of the 4th.

    • An opportunity to open a short position for a day trade on the 7th.



Overview


There’s a first low on the 1st/2nd. There’s a significant drop on the 1st. On the 2nd, there’s a trough early in the day and multiple failed attempts to break through key resistance. You could open a long position in the midst of that trough for a day trade. We’ll then have a move to the upside toward the end of the day where you could close the long position. On the 3rd, there’s an important technical price level highlighted. There may be a prominent peak on the 3rd. There’s an opportunity to open a short position at that peak. We may move into lower lows on the morning of the 4th. I would close the short position at a low on the 4th. There’s a lot of volatility on the 4th and a sharp drop in the midst of that volatility. There’s an important resistance level highlighted near a low toward the end of the day. On the 5th, there’s a prominent peak for the month and a trough. We’ll also bump along resistance. On the 6th, we’ll have a rally along a diagonal trend line that ends with a move higher and then a breakdown through that diagonal trend line with increasing volatility on the way down. On the 7th, there’s a notable move higher on a one-day chart and we’ll then have sideways rotation at that higher price level. That offers an opportunity to open a short position that you could close when we decline back down to support toward the end of the day...



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