I commence with my gratitude to The All-Knower
US Financial Markets (and other markets around, most of which, follow US’s pursuit), have been lead up or down by the Technical sector, which is represented in NASDAQ-100 or its ETF namely, QQQQ.
Sometimes, when there is confusion of non-trend, like one day high up, next strong down day, an analysis from Squaring of Price/Time Cycles, can bring a better light to the table.
I have used time/price squaring angle of 45°, the most favored by Mr W. D. Gann and then another angle of 90°, to give us the clearer picture. Word of caution, for any time/price squaring angle lines to be valid, the important pivots or swing low or highs of the underlying, must be confined by these angles lines.
As you shall see in the enclosed chart that all the important swings, and most recent top on 02/18 (also called by me, before it happened, with The Almighty’s Blessings) and most recent swing low was caught by these two angles lines.
These two angles lines, foretell me that there is more down side, before there will be an up move. The down move shall be sudden and sever. which shall be followed by last and an exhaustive move (a blow-up move). THEREFORE, I AM SELLING THESE RALLIES, AS THEY ARE FULL OF DOUBTS AND TRAPS.
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