BaliShag

BaliShag Updated 

B didn't quite touch the .786, but it sure seems to be reaction to this level. A 1h close below the could confirm a pullback at least. DAX 30 min shark pattern: DOW testing the daily downsloping pitchfork top for the first time + the upsloping medianline:

BaliShag

Third bat in row now.. Judging from the move up here, I would't rate this one as high though. A failure here might point towards the bigger daily bat?

BaliShag Updated 

Two shark to 5-0 possibilities or a flat correction in a bigger AB=CD . Look for bullish lower TF setups for a ride to the largest shark if this smaller daily shark fails:

BaliShag

DAX overshot the downsloping pitchfork and turned at the 2.75 warning line at both the bottom and the top and is now returning to test the original upper median line from above. At the exact same level we got the completion of a bullish 5-0 pattern and a Shark. This should be a strong area of support.

BaliShag

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BaliShag Updated 

Big ab=cd ending right at bullish Shark completion. If this pattern is succesful, I would be looking for a 50% upwards retracement right to a bearish 5-0 pattern around the middle of the channel. Just something to watch for. It's tough terrain these days, who knows what'll happen!? The old bear bat:

BaliShag

Down sloping median line Up sloping 2.0 warning line Long term trendline Old gap level Bullish bat 1.272 ABCD Several other fibs (not shown) All coming together at one precise level in time and price! I don't think the market will move down fast enough to reach it in time, but you never know. DAX is in the area of a big two tier channel / fork bottom....

BaliShag

Bullish bat at weekly up sloping lower median line and a bigger monthly median line. Impressive monthly bear butterfly succes! Daily view with some minor support lines:

BaliShag Updated 

Bullish butterfly completing right at the 1h shark/bat in a hopefully last 5th wave down.

BaliShag

No order you say?

BaliShag

There's not a lot of interest in insurance companies these days, but you gotta love how price action turns around instantly from this PRZ :) Let's see if it can keep it up. Nice bullish bat Reciprocal ab=cd one bar from 1:1 in time Good matching channel Median line target hit

BaliShag Updated 

Not a huge fan of this bat due to early completion compared to other major indices, but I wanted to share it anyways. Besides that the PRZ looks weak with no clustering and only non fibonacci extensions. Not a lot of confluence there except for the september low, but who knows.. It might work :) I've marked the 1.618 below where a crab pattern completes. Have a...

BaliShag Updated 

I think a break below the this median line would take it to the 0.5 median line where both the shark and ab=cd completes in a nice tight zone. Break below that zone and my bets would be on the bottom of this fork. First target for a succesful shark would be a test of the median line from below.

BaliShag

Nice tight cluster for this shark accompanied by bullish RSI divergence on the ?false? break. Cons.: Break + retest of middle line.

BaliShag Updated 

Shark complete Butterfly almost hit Precise 1.272 ab=cd completion Bullish RSI divergence on failed break below Break of RSI trendlines = long on potential lower frame setups.

BaliShag

Bullish shark at old channel top. Looking for long setups on the lower time frames if the RSI trendline breaks.

BaliShag

Bearish ab=cd + gartley complete. Bearish butterfly (minor .786 overshoot, but still good I think?) at ATH above. I don't expect to be trading this at the moment unless I get a good lower time frame setup. Just a share :)

BaliShag

Alternate bat completed right on old median line with nice respons so far. This isn't the greatest PRZ, but if price retests the new lower median line with bullish price action I might try to catch a long with stops below the zone or the X point.