1950-1935 is prz and the last line of support in preventing total carnage. Use Candlestick support to begin my analysis. Oct2014 major low to measure 3 waves w/ wolfe nailing 61fib from oct2014 to ath. A shark comes into play in mid dec2014, using that nasty wick signalling good support as base for pattern. These 2 patterns combined w/ confluence of 100sma on...
shark and butterfly offer last two bullish patterns to push above 125 before momo runs out
Bullish shark, wolf wave, and descending wedge. Target 42.20
trend line resistance converging with 1.27 bc extension of target 2 crown, and bearish bearish bat. prz 1.13625-1.13234 <1.12150 short
If history is any indicator as to what happens once the CP's pull the trigger and raise rates, we can expect this 15yrold 5-0 pattern to complete, then trade accordingly
The pair has nearly given up half its juice. Is the PBOC firing blanks?
FLASH CRASH DEEP CRABS WITH THE DANDRUFF ON THE H&S ABOUT TO BREAK OUT
If we take a look at PA from 2001-2011, one realizes the move the shiny metal has made during the decade. simple fib and abcd pattern from 2011 high to .382 retrace of the prior impulse move. Price just nailed the 1.41 extension of AB with resistance at 1.27ext (1111), 1.13ext at (1151), .382 retrace just mentioned above. 1012 S1 924 S2 840 S3 risk/reward...
1.10130 bearish 5-0 pattern still in play? I believe there will be one more leg lower before market has to choose sides.
again the text is courtesy of Mr. Alex Bernal (CMT)