extended move up in the s&p500 reaches point of trend fail
8160 target similar pattern in dax spx tgt 3050
Head shoulder building, same structure in $nq $es > 3050 Dax 13140 for 13030
This long position still looks pretty crazy on weekly but a breach over 418$ will create more bullish momentum and potential create the first weekly green bar since long.
6160 200% HS tgt also note the bigger potential harmonic
As you can see we are trending on the weekly and most timeframes. We are testing this zone. Price may form a reverasal candle in this area of interest.
From what I have been told this was very poupular on cnbc in january, more afordable today.
We are still focusing on the juge 61.8% keep in mind this market is known for inflicting pain before a turn (3d)
This is a huge pattern with very little risk to go LONG for a huge trend change. Basicly we had an ABCD corrective move from 2.50. ABCD is corrective. We have a trendline backtest. We also see a huge inverted head and sholder. Add to that recent dollar weakness. And this has the making of an extremely high profitable bullish setup. Cheers! Filip Allaert
This stock has been hammered quit some bit as it has reached a level for exhaustion = 161.8 extended move on a weekly basis. Weekly candles past twp weeks giving power to a reversal confirmation, being a green candle for the week ending Friday the 5th of february. Mind we could see the opposite happening to Facebook, as funds could very well have been long FB...