Apple Rallies to THE SHARK PATTERN = MINIMUM 136Completing a BEARISH SHARK @ 136 = Another 7pts of upside before even thinking about a short!
Scottcarney
Dow Weekly Deep Crab Min. Target+5% More!STAY BULLISH on this WEEKLY C-D leg breakout up to MINIMUM 1.618@204.
I've been discussing these targets for months (INDU=20,500 Minimum)
HARMONIC TRADER TIP: In Crab+DeepCrab patterns, EMPLOY THE 1.902 extension, especially when the trend is strong. The trend is STRONG so look for DIA to reach for 214.50 area for this situation.
USDCAD Bearish AB=CD w/ RSIHello Harmonic Traders!
I would like to begin my renewed contribution to the HTTV community with the following Bearish AB=CD Type-2 harmonic resistance at a critical juncture. The DAILY RSI is stalling at the 50-midline. The general 61.8% retest at the 1.34 level as measured from last year's peak defines the price zone for a larger downside continuation with a swing objective to the 1.28 area.
Check back next week for a few new free Harmonic Trading tools that we are releasing for Trading View in 2017!
EUR/USD a year long Gartley pattern about to complete! Scott Carney - harmonic gartley pattern.
Price falling below 161.8% projection of BC - 1.0631 would invalidate this pattern !
AUDUSD: Multiple Play Setups1) A potential small Gartley is forming @ 0.7646, with stops just above 0.7655
2) A break of 0.7655 (stops for the Gartley setup), is another setup of Scott Carney's BAMM theory
3) Riding the BAMM setup, towards the bigger Bat setup @ 0.7706
Facebook AB=CD@128!Facebook just completed an AB=CD from the past year! If the mkt is going to breakout, FB must surmount this harmonic resistance. Although the stock will temporarily consolidate at this natural level, keep an eye on "Zucker-book" ABOVE 130 for the trigger of a year-end NASDAQ breakout.
SPY Bearish Bat - Last Chance for Bearish ScenarioI am surprised after last week's defense @2030 on SP500....now 211on SPY - THIS IS THE LINE IN THE SAND!
AUDCAD Bullish Bat DailyBIG BULLISH BAT @ 0.9250...Look@RSI still down until we get here....I like to trade bearish intraday patterns into the PRZ until larger timeframe reached....something to consider!
Have a Great Harmonic Weekend,
Scott
T Bearish CrabWhen I see BIG BEARISH PATTERNS ACROSS THE BOARD as this chart of a Bearish Crab in AT&T (T), I am defensive! Many others in Dow Industrials!
ESM6 Bullish Bats - TYPE2 Support ChallengeI am BEARISH on SPX w/ 1570 as the big WEEKLY target. These Bullish Bat patterns are great intraday long trades but the trend is down. We just hit the TYPE2 reversal of BOTH. This is the line in the sand for bulls - short AND long-term. A violation of 2030-2035 will trigger the decline. The #s to watch on the downside are 1950, then 1830 then 1570.
EURCAD - H1 Shark Re-Entry at $1,4620Went long on EURCAD at 1.4195 last week.
Sill holding on to my long position.
Found a good reason for me to add in more positions at 1.4620.
We are targeting 1.4970 with stop loss at 1.4570.
Excellent risk to reward as usual.
EP:1.4620
SL: 1.4570
TP: 1.4970
NZDJPY - H1 Bullish Shark after reject of Daily SupportHi guys, my 2nd trade setup of the week.
Looking to buy into NZDJPY around 72.70.
SL: 72.30
TP1: 73.80
TP2: 75.50
C-D Swing - EURUSD SharkJust went long on EURUSD C-D Swing of this Shark Pattern.
Targeting 1.5580.
SL at 1.1350.
GBPUSD completes Crab, we long on a Shark!1.4750 was the completion of a bullish Crab pattern on GBPUSD daily chart.
Price is now reacting to the completion of this pattern.
For the rest of the week, I will be interested to go long on the Shark pattern if it challenges 1.43.
GBPCHF bearish shark completingWill be looking to short GBPCHF at 1.4010.
Nice round number just above 1.4 and RSI already oversold.
Overall bigger trrend is down.
High probability setup.
The Final Selldown for EURJPY - 121.88EURJPY is likely to complete a deep gartley pattern at 121.88. (Factor in your spreads for entry)
This is the price I am aiming for my entry hopefully by this week.
I hope to see RSI hitting oversold, this is a daily shark pattern which can easily hit 61.8 retracement of the C-D leg.
Potentially a 1:8 risk to reward trade setup.
EURJPY@BflyPRZUpdate from original post twitter.com
now ck EURCAD...EURJPY in the works.
EURJPY PRZ confirmed@122 now consolidating daily PRZ before larger brkout triggered!
AUDUSD Bullish ButterflyAll about the AB=CD off the top within the longer-term uptrend. Ck Daily - turning up! Harmonic support @ 0.7650
Failed bearish Shark Pattern, Gold poised to rise further?Gold completed a bearish shark pattern in mid May 2016.
Price reacted to that level.
1 month later, this level is retested and broken above.
Price action in the next few weeks is very important.
Any further strength, we could see Gold back at 1350 or higher.
Any steep drop back below 1280 could prove the validity of this pattern and we could see Gold trading below 1280 again.
Multi market analysis tells me that that Gold should go higher.
Class II Bearish Shark Butterfly PatternA really bad Bearish Shark Butterfly Pattern . I would estimate neutral or bearish in position off of point "D". Probably until mid-afternoon tomorrow, Friday 04/15/16. At best, $6.90 before uptrend reversal. At worst, continues uptrend from "C" into $7.70, which would be awesome if I had the balls to go deep and buy to enter into this position. Could be another day for a 25% mover. Very dangerous.
Point "C" is an expanding wedge, hence the uncertainty. Nevertheless it doesn't matter since my cash account cannot short this outlook and I will only be watching it at a distance.
I also forgot to mention that if you look closely at 04/14/16 @ $7.40 there appears to be a subtle Double Top , and the indicators before that shows the Stochastic RSI way above 15, 80.00 signaling perhaps a late bearish pullback.
A Bullish ab=cd within CD Leg of 5-0 Pattern (RARE)! Scott Carney Vol 2: "The smaller ab=cd acts as an effective structural signal that validates many successful reversals. Furthermore, I believe that a Bullish 5-0 with a smaller ab=cd is a technically more significant harmonic structure than a pattern without one" (85)
