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.
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....
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...
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.
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.
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...
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...
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
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.
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