AMD popped through the .886 fib at 2.01 to peak off that mid point at $3.06 before reversion to $2.28 fib. Looking for a re-test of the mid point near $3. Daily formed a market structure low trigger above $2.47
Bullish BUtterfly on ES night session it target downside and ready for reversal off the point D 1934
Just an update from my SGYP bullish seedwave and butterfly chart posted a few weeks back. SGYP is nearing the first fib at $4.84.
SGYP has a daily bullish bat in progress but I also looked at the weekly and notice the higher market structure lows which is setting up a weekly seed wave on a price breakout through $4.70. This sets the upside targets on a second leg up at $5.28, $5.60 and $6.06 (the 1.27-1.618 fibs). There are many near-term fundamental catalysts: Paulson & Co. adding 3.2...
SGYP setting up a daily bullish bat LONG pattern going into May 20th, 2015, conference. Paulson & Co. took a 2 million share long position according to 13-F. Company has two GI drugs in phase 3 pipeline and is open to acquisition as peer Salix was acquired recently. $4.84-$5.24 upside target projections.
SPY just triggered a bearish seed wave on a daily close under 209. This sets up targets down in the 202.30-199.55 range .
The Euro put in a weekly market structure low with a LONG trigger above 1.1521. There is also a Bullish Three Drives pattern possibly setting up as well, although the fibs are not exactly the classic template, the set-up is still there as long as EUR/USD can bounce through the MSL trigger. If new low is formed then the pattern is voided.