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Assessments / Blog 2019-02-18 GET READY FOR THE BREAKOUT PATTERN SETUP – PART II
Get ready for one of the most complicated price pattern setups we’ve seen in 4~5 years. Within this multi-part article, we’re highlighting many aspects of our predictive modeling solutions, as well as some very clear patterns that we believe, are tell-all investors to prepare for the next big move. This is the second part of our research, please take a minute to read PART I of this article. Now for the fun part, lots of charts and a few new predictions… Recently, the YM (the Dow Futures Contracts) have begun an upside price breakout that we believe is setting up for an incredible price pattern. We’ve been suggesting that capital will focus on certain sectors over the past few months (Finance, Technology, Blue-Chips, and Mid-Caps). We believe the safety provided by these US stocks have become a critical component for many global investors. Thus, we believe the YM, Transports, and sector analysis are critical for skilled traders. In order to highlight the price pattern that we believe will continue to set up in the YM, we’ve created a series of the chart to build upon the foundation of this pattern as well as to highlight the eventual outcome of this pattern (based on our current research and predictive modeling tools). This first chart is a 3 Week YM Chart (where each bar represents a total of 3 weeks). We are attempting to highlight the Expanding Wedge formation that originates near the highs of 2018 and through the early 2018 rotation. It continues to expand through the most recent price rotation near the end of 2018 as well. Our research suggests we are nearing the final leg of this Expanding Wedge formation and we believe this final leg will setup in a very unique pattern that allows skilled traders the opportunity to identify multiple trade entry points. Let’s continue. |
