*Accuracy rating update: 96% or 12.5/13 predictions correct*
Theme:
A move to the upside, even in the face of seemingly overwhelming headwinds, however, this behavior ends up being nullified. There’s possibly something about congress toward the end of the day. Around the high, we’ll see sideways fluctuations along a support level due to equal amounts of bulls and bears trading. I’m advised to open up some protection around this time. Around the low, there’s a move higher through resistance. We stay above resistance briefly and then break back down through that same price level.
Overview:
In the pre-market on October 3, 2022, there’s a male leader of nations highlighted, possibly the president. Right around the open, there’s some erratic behavior back and forth through the same price level. In the midst of that erratic behavior, we revisit a crest that was recently a past opportunity, likely between 10:00 a.m. and 11:00 a.m . In the first half hour, there’s a U-shaped dip wherein we come to a day’s low. Around 10:00 a.m., we have a decline that increases with momentum moving into the 11:00 a.m. hour with continued erratic behavior. Between 11:00 a.m. and noon, we’re bound to a range. We then have multiple failed attempts to break through key resistance followed by a decline through multiple support levels on a one-day chart. Between 1:00 p.m. and 2:00 p.m., we revisit a crest that was a past opportunity for the second time.
Between 2:00 p.m. and 3:00 p.m., we have a move to the upside where we attempt to establish support but fail to do so. We then turn around and decline through a key support level on a one-day chart. There’s a decline somewhere in the last hour, possibly right around the close or in the post-market. Right around the close we’ll see three criss-crosses through the same price level. It appears that we have a day’s high toward the end of the day.
Sneak preview:
During a period of volatility, there’s a sharp decline. In the midst of that decline, there’s an opportunity to open up a long position on a multi-day chart.
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