{"id":135669,"date":"2018-10-18T08:30:46","date_gmt":"2018-10-18T12:30:46","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=135669"},"modified":"2018-10-18T06:52:27","modified_gmt":"2018-10-18T10:52:27","slug":"detailed-map-of-expected-price-movement-before-the-breakout","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/10\/detailed-map-of-expected-price-movement-before-the-breakout\/","title":{"rendered":"Detailed Map Of Expected Price Movement Before The Breakout"},"content":{"rendered":"
October 18, 2018<\/div>
\r\n<\/div><\/div>

By TheTechnicalTraders.com<\/u><\/a><\/strong><\/p>\n

Our research team was hard at work over the past few days.\u00a0 Not only were they able to call this downside price swing 3+ weeks in advance, they also called the market bottom within 0.5% of the absolute lows.\u00a0 Now, they have put together a suggested \u201cmap\u201d of what to expect in regards to price rotation, support, resistance and the eventual price breakout that we are expecting to happen near or after November 8~12.\u00a0 Today, we are sharing this detailed map with all of our followers.<\/p>\n

Our research team, at www.TheTechnicalTraders.com<\/u>, have honed their skills over the past few decades by studying market correlations, price relationships, advanced price modeling and more.\u00a0 Our objective is to be able to identify price patterns, opportunities, and setups while attempting to accurately predict the future of price so that we can keep our followers and members uniquely aware of future opportunities.\u00a0 As you can imagine, it is not an easy job and we often take heat for some of our research posts.<\/p>\n

Today, we are sticking out neck out (again) and attempting to predict the future of the ES price rotation as this deeper rotation continues to play out.\u00a0 Our research team believes it has identified key price levels and dates\/times that are relevant to this future price rotation.\u00a0 By no means is this research set in stone in regards to exact dates\/times.\u00a0 These are suggestions which we believe to be accurate based on our research and analysis of the markets.\u00a0 Use them as guides to how this price rotation plays out.<\/p>\n

This first chart is a Daily ES chart that shows three very important components of the current market price rotation.<\/p>\n

_ The Support Zone below the recent lows is actually very critical to the true understanding of price rotation.\u00a0 As long as this support zone is not completely breached, prices should continue to push higher overall.<\/p>

\r\n
\r\n

Free Reports:<\/p><\/div>\r\n

\r\n

<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p>

\r\n
\r\n
\r\n

<\/a>\r\n\t Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p>

\r\n<\/div>\r\n

\r\n
<\/div>\n

_ The Rotation Zone is where we believe the price will continue to consolidate within a fairly tight range before the November 8 ~ 12 bottom sets up.\u00a0 Volatility will continue to be greater than normal throughout this Rotation Zone.<\/p>\n

_\u00a0 The post-November 8 ~12 breakout is likely to attempt to target 3131 initially (a Fibonacci extension target) and we believe this move higher could explode fairly quickly.<\/p>\n

\"\"<\/p>\n

 <\/p>\n

Now that we have explained the general sense of our research, let\u2019s dig into the numbers a bit.<\/p>\n

Our expectation is that a price peak will occur near early morning trading on October 26 (morning session in NY).\u00a0 We believe this peak will end near 2830 (a Fibonacci 50% retracement level) and we believe an extended basing pattern will precede this price peak.\u00a0 The extended basing pattern, which is expected to end near 2770 (a Fibonacci 25% retracement level) is already starting to form and should last from now until near October 23 or 24.\u00a0 We believe the upside move between the end of the basing pattern and the October 26th<\/sup> peak will be very fast and end fairly quickly \u2013 so be prepared.<\/p>\n

The October 26 price peak will set up a very important component of our final analysis \u2013 the peak-to-peak price channel (highlighted in YELLOW now) and will allow us to determine when and where price volatility predicts the breakout move to occur.\u00a0 Our research team believes another bout of extended basing will occur after the October 26th<\/sup> peak that will likely push just below the 2771 support levels (to near 2750) retesting the Support Zone and presenting a \u201cfalse low price breakout\u201d pattern that may sucker many longs out of the market (and potentially set up massive short seller pressures in the market).\u00a0 This move may be critical to the eventual upside breakout that we are predicting.<\/p>\n

Think of it like this, Fibonacci price theory suggests that price MUST attempt to establish new higher high prices or lower low prices at all times.\u00a0 Failure to accomplish these new price levels results in a consolidating\/congesting price trend that typically forms as Pennants or Flags in price.\u00a0 Near the Apex of these pennant\/flag formations, false breakouts (or what we call \u201cwashout lows or highs\u201d) are common.\u00a0 These are price functions that operate as a \u201cshakeout move\u201d where price searches for direction and where buyers and sellers are stacked on top of one another attempting to ride the next wave.\u00a0 Price MUST attempt to establish a new higher high or lower low \u2013 so it must attempt to rally up and break the 2945 level or it must selloff ant attempt to break the 2712 level.\u00a0 We expect extreme volatility near or after the November 8~12 apex setup.\u00a0 Price could fall deep into the Support Zone before reversing higher with a bigger rally that attempts to run well above the 2945 level.<\/p>\n

The vertical blue line is the November 8 date where we expect the absolute bottom to form and where we expect the next big price rally to initiate.\u00a0 Near after this date, we expect the price to rotate with greater volatility and attempt an upside breakout move near or after November 12.\u00a0 The key Fibonacci levels at 2771 & 2829 are certain to become key price rotation levels near this November 8 ~ 12 price breakout.<\/p>\n

\"\"<\/p>\n

At this point, we have outlined some very detailed and structured price rotation levels that should clearly help you understand what is transpiring within the US Equities markets right now.\u00a0 If you take only one thing away from reading this article, please understand the Support Zone that we\u2019ve highlighted on our charts is super-critical to the ability for the US Equities markets to continue to push higher.\u00a0 If this level is completely breached by lower prices (prices falling all the way below these price channels on the Daily chart, above), then our predictions of price rotation, extended basing and an ultimate upside price breakout are invalid.\u00a0 This Support Zone MUST hold for our analysis to become valid.<\/p>\n

This level of research and understanding as related to technical and price analysis is not something one stumbles upon blindly.\u00a0 This takes years of study, practice, research, and understanding to be able to \u201csee into the future\u201d as we do.\u00a0 Sure, anyone that understands basic trend lines and Fibonacci concepts can draw some lines on a chart \u2013 but their overall success rate will quickly illustrate their true understanding of the markets.\u00a0 Take a minute to visit Technical Traders Ltd. website and read some of our recent research posts and pay attention to how we accurately predicted a 5~8% price correction 3+ weeks before this recent move happened.\u00a0 Ask yourself, how did we know it was going to happen and how did we know it would stop near 2700?\u00a0 Visit\u00a0 TheTechnicalTraders.com<\/a>\u00a0<\/strong><\/u>to read all of our recent research posts or read how we predicted this downside price move by clicking here: https:\/\/www.thetechnicaltraders.com\/predictive-trading-model-suggests-falling-stock-prices-us-elections\/<\/u><\/a><\/p>\n

Chris Vermeulen<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

By TheTechnicalTraders.com Our research team was hard at work over the past few days.\u00a0 Not only were they able to call this downside price swing 3+ weeks in advance, they also called the market bottom within 0.5% of the absolute lows.\u00a0 Now, they have put together a suggested \u201cmap\u201d of what to expect in regards […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-135669","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/135669","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=135669"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/135669\/revisions"}],"predecessor-version":[{"id":135670,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/135669\/revisions\/135670"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=135669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=135669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=135669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}