Тrading diary / Position trading, Swing trading, Daily trading / Technical analysis Дневник / Практическо приложение на технически анализ / Споделяне на идеи
Jan 10, 2026
Update
In December I was talking about possible wedge/ED to complete the pattern and now it is pretty obvious. This is an ending pattern it occurs as wave v of 5, it occurs as double top similar to 2022 and 2025, it occurs 4 years after the previous important high, divergences daily/weekly/monthly charts, divergences market breadth.... short said it does not look good - with high probability this is the 4y cycle high. More important I think this is the high for the whole move since 2009.
Clear wedge or a-b-c wedge in a bigger wedge.
It looks like ED for wave v of 5 with double RSI divergence and similar double top like 2022 and 2025 making slightly higher high... NDX has a lower high like in 2022.
For the year expect lower into the summer and retracement after that. Optimistic target is the middle trend line and MA200, pesimistic and bearish is the lower thrend line.


