Was tracking /es bullishly, but vigilant. Then caught this h/s pattern print i published and traded to the upside. Since i have watched an am now short from C pivot on abcd pattern. stop is a break of the 3930 zone, invalidating the h/s top formation by breaking the right shoulder, after 5 failed attemps as of 3/1/2021. Cheers.
H/s formation atm with a base measure and sprt target zone of 3820-3807. A buy alert set for 3820 with a stop 3805. Measured move of h/s and fib measure indicates another attempt at ATH and zone levels 3987 as a primary target to an extension of 4021. All invalidated with a trade below 3807, which is been a pivot on the hourly since 01/7/21.
/RTY has the cleaner of the looking setups so far. Larger term inv. h/s targeting ATH(red box), needing a push into the right wing of the inv. h/s at 1592.2, then a breakout of 1618.7 for possible continuation for ATH attempt. Inv. h/s sprt at right shoulder validates ATH attempt, upon breach pattern is violated; hence the stop of 1520.2
Seeing the h/s setup on the 1hr based at a support level, with recovering stoch/rsi and closed with a daily hammer close, for a possible reversion in price. Hourly closed over first resistance, but not 2nd, a break of the buy up wick is the stop on the play, but a target of 213+ into gap zone is upside target.
Been tracking IWM since h/s should breakdown, and was long on market from spy harmonic and the touch on bottom of chute, on personal analysis saw res. at 155, see now 156. Bearish harmonic at gap above C pivot coubld be possible target before bounce. NO positions just tracking for indication. area in ellipse possible right shoulder for large timeframe inv. h/s
At the moment FB has been in a box more consolidating than falling imo, as opposed to what other may think. Bearish harmonic played out, see if Bullish harmonic can too, targeting B for now at 166. update then, D support breached on a daily or possibly 4hr close would violate this long.
So $IQ seems to have a probable harmonic target at 29, for now it has closed over daily resistance but not pivot level for me at 27.5, indicators look a bit tired may pull back. HARMONIC violated at by close under C level
Previous harmonic for target at 185 got blown past, seeing gap on hourly, possible gap fill upside on push of 188.4, leaning towards theyll flex and push it to fill that topside gap first, as their was no pullback at D target.
$VXXB D support of B/D retrace has been breached, while i would like a continuation thru 29.06 first, i am opened to a C/D extension range. the levels line up with support/resistance daily candles, a plus imo. C/D retrace extensions are in place being 1.272 T1, 1.414, T2, 1.618 T3. If reverse B/D levels would be then resistance.