Call your Mom; Stocks BLOODBATH Loading

22 Eyl 2023

Hi Traders, Investors and Speculators of Charts📈📉

Is the mother of all shorts loading for the stock market? Seems likely!

A lower-high topout confirms that selling pressure dominates as we observe the perfect Wyckoff Method failed breakout (which happens before the bearish cycle).
This means the stock market as a whole will likely experience liquidations soon, driving the price of most stocks into a bearish cycle.

If we pull up a macro Fibonacci Extension, we'll see a perfect top-out at the 4.618 extension, which is always an important one to watch.




NOTE that I am not advocating to SHORT your stocks here. Instead, think of it as a potential opportunity to buy additional at lower prices in the NEAR TERM.


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