FX:SPX500   S&P 500 Index
406 1 2
I was looking for a BAT to the downside in PEACH, but price only retraced .886 of the BLUE BAT. I'm not an expert in reversals on these patterns (which I why I play the pattern rather than the reversal), but beyond the .618 made me think
price would go to at least 1.272 ext. Not the case and showing strength beyond the shorting time frame Butterfly that I posted on TWTR             , but not here.

So...I eyeballed this idea based on that .886 at the top and bottom of the range. Harmonic patterns often test support and resistance and as you can see, we've printing one after another over the past few months. If price breaks above previous high, I would guess the struggle might be over in a powerful way. We'll see.

This pattern is NOT IDEAL IN ANY WAY. The min BC             is 2 which is ABOVE the 1.618 XA.
coincides with a chart showing 2150 as the high, and then a huge reversal.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out