🚨 THE S&P 500 PATTERN NOBODY WANTS TO SEE
Remember my broadening wedge from before?
It just entered its final act
Four touches are done: 1, 2, 3, 4
And now wave (5) is forming exactly where the pattern dies
Look closely at that dome above the upper line
Price broke out, but instead of accelerating it started rounding over
That's not strength, that's a throw-over
The most deceptive move in technical analysis
It sucks in breakout buyers right before the reversal
Textbook says wave (5) overthrows the wedge, traps everyone, then price returns inside
Once we're back under the upper line, the whole structure unwinds
My target sits at the lower boundary: $6,200
Everyone buying this "breakout" is providing exit liquidity and doesn't even know it
I said it before and I'll say it again
THIS IS THE END GAME, BE READY!
Remember my broadening wedge from before?
It just entered its final act
Four touches are done: 1, 2, 3, 4
And now wave (5) is forming exactly where the pattern dies
Look closely at that dome above the upper line
Price broke out, but instead of accelerating it started rounding over
That's not strength, that's a throw-over
The most deceptive move in technical analysis
It sucks in breakout buyers right before the reversal
Textbook says wave (5) overthrows the wedge, traps everyone, then price returns inside
Once we're back under the upper line, the whole structure unwinds
My target sits at the lower boundary: $6,200
Everyone buying this "breakout" is providing exit liquidity and doesn't even know it
I said it before and I'll say it again
THIS IS THE END GAME, BE READY!