General motors bull flag breakout target pt 42. Currently in active 1d bull shark harmonic.
IBM BULL Gartley harmonic pattern on 1M and 3M time periods, currently nearing (C) breakout level. Jurik's PPO Percent Rank nearing end of heavy accumulation period.
NQ1! technical analysis points to retest of lows in May/June timeframe. Multiple bearish harmonic patterns are active on different timeframes, with bearish bat price target 4 at 10500. A Rising Wedge (bearish) pattern is also identified on 6h+ timeframes, also with price target at 10500 from current levels upon breakthrough of wedge support. Phoenix & Stoch...
BOIL has entered a bullish NenStar harmonic pattern. Phoenix and Stochastic VX3 indicators in highly oversold range. Trade to pt1 is 7.7 Risk/Reward ratio, with 300% potential.
The 2D bear deep crab pattern has reached pt2. Deep crab pattern's price path very commonly does a "deep" retracement back to initial entry before containing on to pt3/4 as shown on the chart. Expecting bullish trend to continue through 1Q'23, then strong bearish trend downward to 90 level.
YM1! entered bearish bat harmonic, and is on it's way to pt1=33701. Expect bullish retracement at that level with retest of recent high, then downward again to pt2=33315 and likely 32686.
Natural gas is in the process of forming a double bottom (the db is not yet confirmed), and as noted in my BOIL idea has already entered a Bullish butterfly pattern on 4/6/12h timeframes. pt1=4.984 Expect bearish retracement from that level back to retest the double bottom low before moving to pt2 level. I usually trade bull butterfly by taking 100% profit at...
A projection using inverted cup and handle price targets for NQ1! will be around ~6000 level
I'm not convinced that there isn't going to be another leg down on BTC & Alts. The latest "bull" trend on lower timeframes just doesn't seem to have the momentum to break through the downtrend and smells of another bear flag drop being eminent. On 1W timeframe, BTC *is* in an active Bull Cypher pattern, but this pattern could easily retrace bearish closer to the...
Bullish Gartley pattern on DXY 2d chart has begun intial bear retracement, .786-.10 back to near entry point. Upward segment to ~120 will be fast, likely to correspond with ES1!/YM1! drop by end of this week (post election).
The 2W chart for DJI futures has entered trade for bear cypher harmonic pattern. The shape of this pattern typically retraces at pt1 back toward initial pattern entry/SL, then progresses sharply to pt2/3/4. I've indicated what the path typically looks like in red. Best wishes for trading the holidays! -Worm
Although recently very bullish, OIL just pushed past pt1 of a bearish harmonic NenStar/Anti-Gartley pattern that has a price target of ~26.
BTC bull harmonics that were previously seen on 2D charts have hit SL. Remaining 1W harmonic continues to be the Bear Butterfly, with price target ~4000 or below. This target seems to be very plausible if S&P drops to new lows.
DJIA has entered a bearish Shark pattern. Expecting sharp drop tp 27000 level (or lower).
The 6h ETH chart has been within a bearish bat pattern for some time, with recent smaller bullish harmonics giving way with BTC drop. Here are the price targets for pt3/4.
ES1! 1D chart is showing a bearish Anti-Butterfly pattern with pt4 price target ~3200 level. AntiButterfly is one of the most intense harmonic patterns. Expecting a sharp and fast drop below 3500 to 3000-3200 levels. Note: with BTC/ES1! correlation, this will likely bring btc at or below support at 18000 and alt coins to follow. BTC is currently 3/4 through the...
ETH 4h shows two volatile BULL harmonic patterns playing out: 1) Gartley, which should retrace from recent top .768-1.0 fib before strong bullish reversal 2) Butterfly, which should retrace from recent top .768-1.0 fib before strong bullish reversal This concurs with the current BEAR butterfly on BTC that has price target #2 near 1.0 retracement level from recent high.
ES1! bear DEEP crab pattern could quickly retrace bullish to 3950 then 4075 level before steep drop to new low. The same pattern just occurred on DOGE and pulled higher just after initial drop (liquidating leveraged shorts, enabling drop to lower levels).