The George Bayer Cypher illustrating where we are during this phase of the Bull market. Sorry but actual time pivots are not calculated, but you get the picture. Read George Bayer's book, Egg of Columbus to delve deeper.
Wing, Heart, Wing Phase - Essentially, we are about to break out of the flag and create another flag pole of equal length during this last parabolic run with a potential pause half way up.
White Wine Phase - Expect a violent pullback of profit taking after to shake people out and drop to a lower liquidity level near the Heart pause area.
Neck Phase - A quick buyback to produce fomo and chasing of price discovery with a very short flag signaling a final push.
Champagne - A feverish moon boy blowoff top to trap players.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.