FX:SPX500   S&P 500 index of US listed shares
406 1 1
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.
claydoctor
2 years ago
coincides with a chart showing 2150 as the high, and then a huge reversal.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out