notes on chart. butterfly (4hr time frame) completing at 5-0 before possible run up to 2080 for gartley
Even though the index has broken 200sma on weekly, I believe the bulls have the itch and the technical setups on shorter time frames to test prior record highs.
Looking for a healthy retrace to .70 if .7150 resistace holds
5-0 fails the bulls below 1.127 and .618 retrace of ATL-H is STRONG resistance. Not being able to trade above signals we will test confluent harmonic patterns at 1.0955
Testing prz1912-1917. banging the close today or have bears taken hold
important levels were breached thanks to Mr Draghi. looking to test 1.12 before next leg lower.
PRZ still in tact. I still believe 1950-1930 is last line of defense
may pull back to test 1.122 before cypher completes at 38 retrace from 7/21low to 8/21 high