Analysis of the possible end for the bear trend with dates based on W. D. Gann and mathematical fractals (Not to be confused with "price action" fractals).
Side notes:
- The bearish pennant currently is an unconfirmed pattern, looking for the second touch at the resistance level to determine the extension of the "bearish pennant" idea and its confirmation, if it were to be the right one, there are many possibilities here than can still be possible like, symmetrical triangles, bear flags, bull flags, etc.
- Ichimoku-wise: There is only one bull signal missing on the 1D; the Chikou breaking above the Kumo, is that were to happen, it would be a strong confirmation of the end for the bears, and we would enter onto a "bull run" or an accumulation pattern that could reach December lows, without actually breaking them for an extended period, which means this idea is still possible with such "bull signal"
Disclaimer: I don't usually do predictions that far away, and certainly not with such specific waves. But I wanted to push the boundaries of the system I'm currently working on to predict price and dates, and keep the record of it. As a Gann enthusiast, my work and research has been conducted under strict data management, for a brief period of time (2 years) far away from the amount of time others have invested. By no means I claim to be an expert on the matter, yet! :) -- As I navigate through these waters, I certainly hope to give inspiration to others as well as honing my skills as a trader. Good luck and always more than anything keep a STRONG Risk management strategy. That's the key if you want to play long enough.
CS.
Side notes:
- The bearish pennant currently is an unconfirmed pattern, looking for the second touch at the resistance level to determine the extension of the "bearish pennant" idea and its confirmation, if it were to be the right one, there are many possibilities here than can still be possible like, symmetrical triangles, bear flags, bull flags, etc.
- Ichimoku-wise: There is only one bull signal missing on the 1D; the Chikou breaking above the Kumo, is that were to happen, it would be a strong confirmation of the end for the bears, and we would enter onto a "bull run" or an accumulation pattern that could reach December lows, without actually breaking them for an extended period, which means this idea is still possible with such "bull signal"
Disclaimer: I don't usually do predictions that far away, and certainly not with such specific waves. But I wanted to push the boundaries of the system I'm currently working on to predict price and dates, and keep the record of it. As a Gann enthusiast, my work and research has been conducted under strict data management, for a brief period of time (2 years) far away from the amount of time others have invested. By no means I claim to be an expert on the matter, yet! :) -- As I navigate through these waters, I certainly hope to give inspiration to others as well as honing my skills as a trader. Good luck and always more than anything keep a STRONG Risk management strategy. That's the key if you want to play long enough.
CS.