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CoinedByCrypto
May 1, 2015 12:47 PM

"No doubt" A Harmonic Pattern.... but...? Long

S&P 500 index of US listed sharesFXCM

Description

No doubt
The harmonic "force" is strong with this pattern having many confluence fib lines almost in a cluster around 2132 - 2139.
It fits well with my more overall target for the SP making a top at 2138.04...so I'm of cause biased here..... no doubt.
That said... I do not recognize this pattern from the rulebook of harmonics and I have not backtested it
so it can not be called a fully valid textbook harmonic. The closest I can get to a similar pattern structure is the cypher pattern.

My chart : Bullish Bat (see link underneath) argue for a target 2 at 2105....will price go further.....Well....Time will tell.

Fear not
@BLawrenceM

Plz. consider following me on Twitter...sometimes it's easier for me to make a quick update there.

Music at work:
youtube.com/watch?v=LyFnuqkL38w (Remember your subwoofer on this on)
youtube.com/watch?v=ubvV498pyIM

Comments
CoinedByCrypto
Bullish Bat behind us Now the No Doubt ...It means New all time highs twitter.com/BLawrenceM/status/595224900627013632
QuantitativeExhaustion
lets see if you can estimate the 5 wave count here.
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