*Accuracy rating update: 100% or 9/9 predictions correct*
Theme:
A notable bottom or trough of some sort. We’ll also likely see a reversal. In terms of timeframe, the high and low will be close together. To form the high, we’ll have a period of sideways rotation that ends with a fast, sudden move to the upside. Out of the low, there’s a notable move to the upside. I’m advised to trade around what’s either an agreement between two leaders or merger of some kind.
Overview:
In the pre-market on September 16th, there’s a brief high price level. Around the open, there’s an important technical level. In the first half hour, we have volatility with a sharp dip in the midst of that volatility that brings us to a low. Between roughly 10:00 a.m. and 11:00 a.m., we move from a low to a high for the day reaching a distant resistance level. Between roughly 11:00 a.m. and noon, we have a notable decline that will stand out on a one day chart. It looks like we’re probably criss-crossing through a price level at some point here. Midday we have a prominent drop into a trough. Around 1:00 p.m., we’ll see a notable move with some bearish price swings. There’s a male leader of nations (likely the president) highlighted in the last two hours of trading. In the last hour or so, we come out of a low. This is a prominent move on a one-day chart. Look out for a fake out right around the close or in the pre-market.
Sneak preview:
We’ll open lower. Look out for a possible fake out in the pre-market.
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