Contrarian Call Right Here. Optimal Bullish Entry
Updated
This is a typical bullish Wolve Wave that is on the final leg down currently. Expecting whipsaw reversal starting as soon as tomorrow, but main bullish price action will be around June 15 on the full moon (literally howl at the moon).
Expecting the yellow trajectory to play out and complete EW wave (5) around 430. The chart contains all the info you need to know, but there are a lot more dynamics at play here, mathematically/statistically, that have led me to feel highly confident about this.
- initial target is around 421-422, from there will retest ~415 and then make our way to 429-430
- the goal target is 448 by end of June...and this makes sense with the confluence of wolve wave 1-4 projection and the ADX breakout "open long" target (stop loss 394)
- that DMI is low key bullish af, this is re-accumulation off the May 20 lows in 380s; stochastic RSI oversold and will give the escape velocity needed to reverse here and make explosive move to the upside
I'm playing the SPY June 17 411.00 calls and the June 27 429.00 calls, but this is not financial advice.
I am fully expecting the price to follow this yellow trajectory, so when you replay the bars at the end of June they'll perfectly coincide with this path, hah.
No Cap,
Prof. Lupin
Expecting the yellow trajectory to play out and complete EW wave (5) around 430. The chart contains all the info you need to know, but there are a lot more dynamics at play here, mathematically/statistically, that have led me to feel highly confident about this.
- initial target is around 421-422, from there will retest ~415 and then make our way to 429-430
- the goal target is 448 by end of June...and this makes sense with the confluence of wolve wave 1-4 projection and the ADX breakout "open long" target (stop loss 394)
- that DMI is low key bullish af, this is re-accumulation off the May 20 lows in 380s; stochastic RSI oversold and will give the escape velocity needed to reverse here and make explosive move to the upside
I'm playing the SPY June 17 411.00 calls and the June 27 429.00 calls, but this is not financial advice.
I am fully expecting the price to follow this yellow trajectory, so when you replay the bars at the end of June they'll perfectly coincide with this path, hah.
No Cap,
Prof. Lupin
Note
Trash it. Posted new idea with most likely pattern to end intermediate (4) since this was invalidated. Increasing volatility to come.
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