BestOnlineTrades.com
Short

Bearish Gartley in SPY

AMEX:SPY   SPDR S&P 500 ETF
There is a bearish gartley pattern in the SPY             . This pattern is also seen in the well diversified NYSE index . This particular pattern gave a clue it might work with the 2 candlestick dojis at the D point of the pattern.

The sign of weakness today seems to confirm that this pattern is working and could lead to heavy selling going into next week.

Note that a harmonic pattern also displayed itself at the 1987             top and there was also a DOJI near the end of the pattern before the final crash leg unfolded.
BabushkaTrader
a year ago
Bullshit
+1 Reply
BestOnlineTrades.com PRO BabushkaTrader
a year ago
still think my post was bullshit ????
Reply
Billhinge
a year ago
You don't show what time scale you are working in?
Reply
BestOnlineTrades.com PRO Billhinge
a year ago
these are daily price bars
Reply
Billhinge BestOnlineTrades.com
a year ago
Thank you ;-) Do you spot these by eye or do you use a pattern detector script? How necessary is it to get the numbers textbook accurate?
Reply
BestOnlineTrades.com PRO Billhinge
a year ago
I use a pattern detector and there is a margin of error on the individual retracements.
Reply
Billhinge BestOnlineTrades.com
a year ago
Thanks, I use a pattern detector but even so they can be a bit less than obvious as to where to put the points
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