Month’s Theme: We’re bound by a range. We’ll also rally into the high and drop with consecutively lower spikes up on the way down.
Behavior Around the High: A U-shaped dip with two peaks.
Behavior Around the Low: A move higher through resistance. We’ll stay above resistance briefly and then break back down through the same price level shortly thereafter with a full retracement.
Overview
Week One (2/1-2/4)
On February 1st, there’s a notable decline through multiple support levels. Off of the low, there’s a move higher that successfully turns resistance into new support from the 1st into the 2nd. We’ll see a lowest low on the 2nd as well as a new local high with a prominent peak. We’ll then sell down to and through a support level, do a U-shaped reversal, and then move back up to reuse that support level as support. On the 3rd, we’ll establish a higher support level after a move to the upside on a one-month scale midday. On the 4th, there’s a notable decline that increases with momentum moving forward in time.
Week Two (2/5-2/11)
Late on the 4th or on the 5th, there’s a rally that starts and moves into a highest high. We’ll then see the end of a rally on the 5th. On the 6th, we’ll open lower and then have a notable move higher on a one-month chart that increases with momentum moving forward in time. That rally will take us to a prominent crest or peak. On the 7th, we’ll bump along resistance and have a prominent move to the upside that stands out. We’ll have another highest high on the 8th with a notable reversal that stands out on a one-day chart. There’s another notable move higher on the scale of a one-month chart on the 9th. On the 10th, there’s a notable decline off of a crest that takes us to a prominent low that stands out on a one-month chart toward the end of the day. On the 11th, there’s a notable decline that will continue into the 12th.
Week Three (2/12-2/18)
On the 12th, there’s a lowest low and a move up through resistance creating a prominent crest or peak that will form toward the end of the day. We’ll then have a notable decline off of that crest or peak toward the end of the day or overnight. On the 13th, there’s a move to the upside that pushes the upper end of a range higher and forms a crest midday. On the 14th, there’s a fast, sudden move higher that stands out on a one-month chart. On the 15th, there’s a decline in the midst of bearish price swings. On the 16th, there’s a decline from a support level down to another support level. We’ll then rotate sideways along that support. There’s an overbought crest or peak that forms on the 17th. We’ll sell down from that crest or peak. On the 18th, we’ll rally to the upside along a diagonal trend line out of that move to the downside. That rally ends with a breakdown through that diagonal trend line toward the end of the day on the 18th.
Week Four (2/19-2/25)
On the 19th, there’s a rally higher that takes us to a highest high for the month. We’ll move to the downside into a prominent low by the end of the day. At the beginning of the day on the 20th, we’ll still be at a prominent low near a key support level. On the 21st, there’s a failed attempt to break through key resistance followed by a decline through key support that stands out on a one-month chart. That decline brings us to a prominent low on the 22nd. There’s both a prominent low and a prominent high on the 22nd in the midst of some price swings within a channel. At the end of the day on the 22nd or early on the 23rd, we’ll move out of a prominent decline with a fast, sudden move higher. There’s a speech from a male water sign highlighted at the end of the day on the 23rd. The information in this speech is trustworthy information. On the 24th, there are multiple failed attempts to break through key resistance. On the 25th, there’s a notable move higher and a breakout that stands out.
Week Five (2/26-2/28)
We’ll gap down and have another move to the upside to reach for distant resistance on the 26th. On the 27th, we’ll have the lowest low for the month and some sort of notable fake out or shake out. On the 28th, there are sideways fluctuations to the upside out of the lowest low. Those sideways fluctuations precede a decline.
Sneak Preview
In March, we’ll see three crisscrosses back and forth through the same price level confirming a bullish trend.
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