Tontsake

Tontsake

There is key resistance area on SGS and harmonic pattern. Pattern isn't very good this time because the journey from C to D was very bouncy. Look for reversal and targets to hit B or break out up through resistance to target highs near 2000. edit: You can choose lower X-point for the pattern and draw bearish butterfly with prz lining up with the same area.

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Bullish Gartley pattern on DAX and first target.

Tontsake Updated 

Dal and deep crab pattern providing mini short opportunity. Not very strong move so lets see how it plays out

Tontsake Updated 

XLU is forming bearish BAT pattern. Watch that channel and D-point for possible downward action. Stops above X and no entry if it keep rising or news events disturb it. Targets eg. B-point and C-point or fib. ret. 38,2% and 61,8% of the CD-leg.

Tontsake Updated 

Be aware of bullish bounce from earnings news. Otherwise there is short opportunity provided by BAT and deep CRAB patterns.

Tontsake Updated 

Positive news drives GM to this interesting area. There is resistance and two harmonic bearish patterns. See if the force of the bulls drives through this area and enter long (maybe after retest?) or enter short if harmonic patterns and resistance area holds.

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There is nice bearish BAT pattern on XYL

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There is Deep crab on LUV.

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There is good short opportunity on DOW. Two harmonic patterns: BAT and butterfly with D-points nearly on same area. Resistance area is good for stop placement and provides excellent risk versus reward.

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Earnings date is coming and disney is drawing a bearish BAT this time. Will it crash? Is the super bull trend finally over? We will see. Watch that earnings report carefully and also keep eyes on that D-point.

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Deep crab pattern on AVY. This is lower probability.

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There is Deep crab providing short opportunity on XLNX. First entry with tight stop. If it fails it is still valid up to 3,618 BC

Tontsake Updated 

HUM has reached support area and there is also D point of harmonic pattern. Watch price action in this area and be ready for a little reversal if this area holds. There is earnings coming 6.11.2015 so be sure to be flat before it.

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See chart for details and one example how to trade this bearish butterfly. Remember there is positive earnigs news driving this so wait for reversal signs or no entry

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DOW had positive news during earnings. If you disagree there is harmonic BAT pattern to confirm your short trade.

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AHL tested this resistance area and is ready to go down if bearish move continues. There is also D-point of harmonic bat pattern

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Tomorrow we will get news and see if this major resistance are is going to break. Otherwise it could offer short opportunities. Watch it carefully. If we go through, expect at least move close to 11k.

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Harmonic pattern offering opportunity to go short. Choose your own targets and don't overtrade too many short setups at the same time! See linked ideas