*Accuracy rating update: 100% or 15/15 predictions correct*
Theme:
A fast, sudden move higher marking the end of a period of decline.
Overview:
On September 27, 2022, there’s a fake out and a notable low in the pre-market. There’s a trade opportunity right around the open. We’ll see a low followed by a high. From that high, there’s a drop down through a support level to meet a secondary support level. We’ll bump along that support level before breaking down through multiple support levels. From roughly 10:00 a.m. to 11:00 a.m., there’s a notable and unexpected move to the upside. Between roughly 11:00 a.m. and noon, there’s a notable decline followed by a move to the top of a range. We have a reversal midday. This looks like a pretty significant trade opportunity. It’s possible that we have both a high and a low between the hours of 11:00 a.m. and 2:00 p.m. Between roughly 1:00 p.m. and 2:00 p.m. there’s a notable decline from a prominent crest on a one-day chart. There’s a trade opportunity in the midst of that crest. I’m advised to open up some protection because we have a notable decline that commences from that crest.
From the crest, we decline into a trough, and that’s followed by a breakout in the last hour, however it doesn’t last long. There’s some erratic behavior back and forth through the same price level. We have a notable decline in the post-market or overnight that marks an opportunity to open up a long position.
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