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Harmonictraders

The bearish Gartley still lives!This harmonic has so far played out amazingly well. The main trouble I had was not noticing the triple top made around 14250/14300. This then sent us down to complete the full 886 extension of the C. I've updated the chart and hidden the green fibs + GZ and added these white fibs with a green box. If the PA manages to break and close above the green box then it'll carry on to the D where I'll be taking profit and looking for a short entry to bring us down all the way to 11k. If the green box holds on the next attempt then the D will not come and we'll go to hell all the same.
OANDA:NAS100USDLong
by Mr-R-Sole
Re-Integration By Parts (near-term FB)This type of scenario/projection requires you to use your imagination a bit - align that with some solid math and some extrapolation and what we have is a very possible near-term scenario: - Imagine FB never gapped last earnings, what would the price action look like. Is it possible it was forming the final part of its distribution phase that would have decreased in volatility s.t. it took the shape of a triangle pattern, and instead the earnings report accelerated the mark down? What we can do is extrapolate by cloning the current trendlines across the highs and lows post-gap down (blue lines) and populating where the range left off pre-gap. To properly complete the distribution phase might require a retest of the bottom range, and rejection before really tanking it/discounting it (by that I mean it will likely end up sub 170 (shaded red rectangle area) mid-term -- that would be a proper discounting before the next long-term bullish impulse wave can begin. - Now, introduce some conventional techniques to see if there is a plausible path to test for rejection... recent (minor) bullish wolfe-wave 1-4 EPA @ ETA says yes, indeed, and by May 21st - nearly exactly when that pre-gap support line intersects the 1-4 EPA @ ETA!! - Finally, is there a setup that would make such a near-term run actually bearish s.t. it would get rejected and complete markdown going into the summer? Indeed, Bearish Deep Crab Harmonic. In summary: ~ Near-Term long to 258 ~ Mid-term short back to 170ish IF rejected after near-term pop ~ Long-term Bullish but will have to re-analyze and update along the way. There are more details to how/why I drew the path projection the way that I did, it is not random - pop pre-earning (i.e. before next week), small gap down post earnings next week, explosive bounce from that smaller gap to fill said gap and that momentum will take it to near-term target. If you're interested in how I determined this and you are familiar with stochastic analysis/Ito Calculus then we should talk. Otherwise just trust my word the math is gucci. This would be kinda crazy if it all plays out lmao, but worth bringing up as a perspective on "meta" or whatever; not financial advice or whatnot. Bless your souls, The Alpinist
NASDAQ:METALong
by JerryManders
5
Point C hit, next up the big D!!Point C target hit plus back tested with the double bounce off the 618. The white fibs show potential places on the way up to D where we could expect a pull back. Same goes for the the green fibs. The D could extend as much as 1.618 which takes it to the white 1.168 fib, otherwise known as the golden ratio, around 16.2k. This bearish Gartley has so far played out perfectly and I see no reason why I shouldn't continue. I've adjusted the TF for the D to hit to the beginning of May because that's when the all important next FOMC meeting is. I am long from C till D with SL on entry #riskmanagementiskey
OANDA:NAS100USDLong
by Mr-R-Sole