AI
Wednesday, July 23, 2025 9:36:03 AM
"..still no signs that the rally is over just yet... "
http://www.pretzelcharts.com/
Last update noted that all remained quiet on the Western front, and for now, that persists. There is finally a change worth mentioning, however, and always best to catch these early (as we have). The market has been hinting that it's establishing a new channel that supersedes the old red channel:
Big picture, we can't forget that old long-term "crazy extended fifth" target from a year and a half ago... because we're almost there (!):
Finally, NYA intimates that the market may need at least one -- possibly two -- mid-sized fourth and fifth wave unwinds higher before bears get a fair shake again:
In conclusion, blue is the new near-term channel to watch (first chart). Beyond that, still no signs that the rally is over just yet... but there may be opportunities for bears upcoming soon enough (unless this beast extends again). Trade safe.
http://www.pretzelcharts.com/
Last update noted that all remained quiet on the Western front, and for now, that persists. There is finally a change worth mentioning, however, and always best to catch these early (as we have). The market has been hinting that it's establishing a new channel that supersedes the old red channel:
Big picture, we can't forget that old long-term "crazy extended fifth" target from a year and a half ago... because we're almost there (!):
Finally, NYA intimates that the market may need at least one -- possibly two -- mid-sized fourth and fifth wave unwinds higher before bears get a fair shake again:
In conclusion, blue is the new near-term channel to watch (first chart). Beyond that, still no signs that the rally is over just yet... but there may be opportunities for bears upcoming soon enough (unless this beast extends again). Trade safe.
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