Steve666

Steve666 Updated 

A potental Deep Crab has formed on the December Crude Futures contract. Typically this formation overextends and can terminate at a 1.95 extention level. This also happens to be a .786 retracement of the April 20/21st range. No hurry on this as it is a 5 hour chart. Let the top form and the oscillator in the bottom pane roll-over as confirmation. Don't chase this S.

Steve666

A completed Bat Pattern gave way to a test of the first Target 9242. Now we are cycling up ti this point and another opportunity to again challenge Target 1 (94242) and even Target 2 (8808). This is a 5 hour chart. S.

Steve666 Updated 

In the Covid-19 fell March/April selloff this index fell approx 32%. It has regained just about 88% of this range and created a Bearish Bat Pattern. One can overlay this with a Deep Crab Pattern which started on March 10th and signalled today. The Deep Crab Pattern typically can have an extention which exceeds 1.618 and can reach as far as 1.94x so this would...

Steve666

AutoDesk (ADSK) has had a 38% run in April and may be vunerable if the overall market rolls over after regaining just over .618 yesterday the the Feb/March rout. Watch the direction of the overall market and try to extinguish a long or establish a new short position near the top of the green box. This a 3 hour plot so the window may be short. That said I...

Steve666 Updated 

A Cup and Handle pattern is forming. Still range bound but a solid break of the dopped line should produce a couple of dollars profit. S.

Steve666

This may be a long or short opportunity depending how you play it. Miscrosoft (MSFT) one of th FAAMG stocks has recently recovered nearly 80% of its February high. On a hourly basis a Butterfly Pattern is developing where point C may have been put in, and we are looking for a Point D which is an 1.27-1,41 extention area. This also happens to point to a...

Steve666

High reward vs Risk Looking for a trade down to the 1.27 or 1.618 extentsion of XA. Get out at the 100.72 area. Just a suggestion S.

Steve666 Updated 

Apple completed a Bat pattern on April 20th on a 60 minute chart. The initial target from this pattern was the 285 area. This was hit on April 21st. We have rallied and as harmonic patterns usually have a second chance, there may be an additional short apportunity in the $290 area. As always look at the general market and the specific sector for direction....

Steve666

A potential short idea. ALRM I would start looking at this as a short or fully valued (ie sell a long position) in the 46.65 to 47.25 area. This may not happen as we just filled a gab going back to early march. Naturally you should have a similar view on the overall market, especially the tech sector to favour this view. Lets see how this turns out. This...

Steve666 Updated 

EURUSD may be evolving into a potential Gartley Pattern . 1.0830 would be an ideal place for Point C to reverse and for a final completion of point D around the 1.13080 area. S.

Steve666 Updated 

XAUUSD with Gann Fans

Steve666

Watching Ford Motor (F) for a trend reversal in the $7.75-$.90 area (PRZ). Also watching for a momenteum turn-up in the ULT MACD oscillator in the bottom pane. Note: the SharK Pattern is usually labelled starting 0 to C .... but TV can't do this Watch and wait. S.

Steve666

Not a perfect Bat Pattern...... Looking to re-enter this trade after hitting T1 and a channel break in the area indicated. Original trade was initiated with identification of a Bullish Bat Pattern and AB=CD challenge and break. Confirmation came from a price/indicator divergence and COT of Lazy Boy's Squeeze Momentum indicator in the bottom panel Lets see...

Steve666

In late June prices gaped lower and started a sell-off that would mark down prices $70 or so. The decline was more rapid from October with prices in a cascade-like fall in December. Constellation Brands (STZ) has completed a Harmonic Extended Bat Pattern . Based on this and with the broad market at it back I target $199 as a profit objective. Above that I...

Steve666

A confluence of harmonics and a possible momentum bottom. Look for divergence between the oscillator and price. Tight stop and RR of 2.4. Let the general market bottom first. Entry about 83.85

Steve666

Bearish Bat of very late November gave a D point sell with a Median-line confirmation. The resulting sell-off blow through traditional targets stopping at .886XA and a 1.5 extension of the Median-line. Look for USD strength here vs the JPY. S.

Steve666

Fork Analysis.... Looking for a short entry around the 1.32ish area and weakness over the next several month. Is it doesn't happen...no problem. Plan your trade and trade your plan

Steve666 Updated 

Light Crude Oil Futures after bottoming in early 2016, reaffirmed and in fact accelerated this uptrend beginning in July 2017. Support and resistance area are marked by Fork Tines