this AB=CD Measured move may tell us where is likely the recent rally will end.
Guys, Don't focus on whether you should buy or sell on current price, but focus on those critical level. anticipatory analysis is more effective.
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Price still above the AB=CD level, Since I already shorted SPX, i woud like to wait for Djs to come back to confirm the AB=CD is working to short. no entry yet
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groksta
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19086 is crossed. So does it hurts your short-idea?
nice greetings from northern germany
tntsunrise
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@groksta, please make it clear: i say, pay attention to this AB=CD level, i didnt say i enter. its just like u are driving the car, pay attention to the traffic lights. so when u drive to the cross road, u need to check the traffic light before u want to take the next move. right?
Jack, there is a bearish shark harmonic pattern on daily time frame for us30.. connecting the X=august 15 high , A=september 12 low, B= october 10 , C= Nov 9 low, D= 30th Nov high.. Can you check if it is valid. Thanks for the help.
mlbo
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@ahmetnmsl, shark ? butterflys, bats, sharks,... who says we are trading animals in the chart ? ;)
nice greetings from northern germany