HGEN - Bearish Bat Based on Ratios -> convergence of 100 MA / 200 MA and also previous support line turned into resistance. Ratios: AB = .363 XA BC= .996 AB(*outside of standard ratio) CD= 2.414 - 2.618 BC D = .886 XA The Potential Reversal Zone (PRZ) finds itself in the crosshairs of the 100MA and 200 MA on the weekly scale. In addition, this area is also...
Bearish Butterfly with take profit targets at .382 and .618.
Harmonic Pattern combined with an assumption for Market Maker Buy Model.
The harmonic pattern I am seeing at the moment is a cypher pattern due to the C points being the low. It does not meet all the requirements of a cypher pattern but it is the best fit. I have multiple confluences that all lead to the red box being a "Potential Reversal Zone". With cypher patterns the max target is the .786 retracement of the XC move. The XC move...
Price looks to be forming a Cypher Pattern. Cypher Patterns differ from most patterns due to the extension of the C leg beyond point A. The Potential Reversal Zone (PRZ) is calculated casting a retracement Fib from the most extreme points which are Point X and Point C and also and extension Fib from the BC move. The most important Fib ratio in the Cypher Pattern...
This Butterfly pattern is activated with strong (high TF) close above the point B @ $8289. Once pattern is activated then target area is between $8561 - $8911 and therefore would recommend layering your orders. You can also see a fractal that I created using the Bars Pattern tool. This fractal is pulled off of a 4 hour time frame from the April/May run starting...