You find a Adam & Eve  Chart sheet here.

The Analyse starts here

RA1  was broken. RA2 open

You can find the short setup of the previous movement here. In reaction to the squeeze, a new ABCD pattern has formed, and it has now reached rule target 1 on the 0.38 Fibonacci.

As the global financial landscape continues to evolve, it’s becoming increasingly evident that we’re standing at a crossroads. The recent market turbulence has been nothing short of a rollercoaster ride, with various factors at play, each contributing to the chaotic symphony of economic uncertainty.

Bought 30 $INTC for dividends . Last day tomorrow.

Here's my Bitcoin Update about the trade I posted Mid-June:

I am currently anticipating a short squeeze of the Yen. Should this occur, it will have substantial implications for the global economy, adversely affecting both the US and European markets.

A bit macabre, but it fits. During this downward movement, there will always be days when I question my correction scenario for the U.S. indices with a downward potential of about 3-5%. In corrections, days with sharp upward movements (but on thin volume) are often known as "Dead cat bounces."Currently, it is still unclear whether it will be the Big Techs or the small caps (Russell 2000) that will lead the year-end rally in 2024. However, statistics still favor a positive development towards the end of the year. The high sell-off volumes this week indicate that the correction is likely to be fully exhausted.I am already screening the markets for potential investments that show strength in this market environment. But as mentioned before, I will only dip a small "toe" in the water and significantly reduce the high liquidity ratio only when, for example, a strong wick appears on the candlestick chart at the weekly close.

It looks like a head-and-shoulders formation, which would mean briefly dipping below the $60,000 mark followed by a quick recovery. Then, the formation is ready for a breakout. If this scenario holds, I will screen cryptocurrencies showing the most relative strength compared to Bitcoin, as announced. This is where I will invest my liquidity. If no rebound occurs and weekly candles form below $60,000, Bitcoin will test its uptrend below $50,00

Basically, the ABCD pattern is the basis of the harmonic pattern and is referred to as a Fibonacci trading strategy. Such a pattern arises from price movements and corrections and places these in a Fibonacci relationship with each other. If certain ratios arise, different patterns can emerge. There are variants in the patterns, which are represented by bandwidths in the figures. In simple terms, these are dynamic patterns consisting of at least 4 or more pattern points.