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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Sun Tzu who wrote (65059)	7/11/2022 10:29:16 PM
From: ajtj99	Read Replies (2) \| Respond to of 97566

Speaking of patterns, the TNX daily has a possible H&S top. It needs 11-more days to finish the right shoulder, and that takes us right up to the 1st day of the Fed July meeting. The high for the right shoulder ideally would be in the 31.50 to 32 range, but anything below the head is OK. The 3-white soldier pattern targets around 32.75, so there's that as well. The implied target for the H&S top would be around 19.6 on the TNX, which would mean 1.96% 10-year T-bills. This would imply a recession and Fed cuts down the road. The negative divergent RSI-14 on the weekly also adds support to this read on the TNX. schrts.co

To: Sun Tzu who wrote (65059)	7/17/2022 7:30:42 PM
From: Sun Tzu	1 Recommendation Recommended By ajtj99 Respond to of 97566

This is a perfect example of the most bearish pattern that I know of. Per previous discussions, and seeing how it does not have a name, I am going to name it Youtab's Sword in honor of a princess warrior who rushed to defend city gates and buy time for the king to gather his army. She and her brother had intense victories against Alexander but ultimately died holding her sword high. In this example, which is actually the weekly on CRAK, we see an intense parabolic move up accompanied with increasing volume, ultimately culminating in the "sword pattern" - i.e a candle that has a long wick (the blade of the sword) and a hilt (the body of the candle) making up less than 1/4 of the candle. The full elements of the pattern are: (1) A parabolic rise (sometimes just an extended sharp rise will do) (2) Increasing volume as it moves up. (3) An unusually long candle at the top - typically 3x or 4x the ATR (4) An open and close near each other (doesn't matter which is higher) (5) The close is at least 2/3 below the high. .