SPX is correlating much like the DJI. Please see that chart where another Bearish Shark Formation is fighting resistance at this moment. Both DJI and SPX showing same formation and reaching resistance points at the same time. Harmonics are powerful on their own, but when they pair up with other Indexes.... Also the US Dollar Index has been falling very...
These Bearish Crab formation are so easy to see.. and are DOMINATING the equities markets EVERYWHERE it seems. Granted there is not much difference between a Bearish Crab and Cypher/ Gartley- the outcome is the same- downside momentum without some sort of high side news (but time is running out). These formation have to be watched carefully.. because they do...
What a time for the silver enthusiasts.. the market looks primed for major uptick.. especially as other ancillary charts for US and Asian markets are setup to show major declines within this year and perhaps this month. We just completed a harsh Bearish Shark embedded within the Crab pattern- and we have some upside to go.. before the first resistance point....
I posted an earlier chart on platinum- disregard that... I realize Platinum has a bit more cook off to do before it sees a rise. But its still good news in the long term for this precious metal. As price dwindles down it will complete a bullish butterfly and have a big jump to continue the BULLISH GARTLEY (yellow). Right now we are forming what appears to be a...
The charts seldom lie, but the formations in the chart here signal a SEVERE DROP in the DJI. With the Global Economy in turmoil- Covid19- and recent price fluctuations in gas and other resources.... this is nothing to ignore. A Bearish Shark Pattern embedded inside a Bearish Butterfly near the 50% retracement resistance point is a pretty BAD signal to have TAKE...
From a Massive Bearish Shark- to a Crab Harmonic ......VECHAIN paid off well!
Some more bullish harmonics-SVM looks to be an easy scalp. Sell zone is noted. Bullish Cypher with confirmed bounce on Bearish turned Bullish Butterfly...
This is just a summary of the Harmonics we have seen in play and how they manifested. Its been a wild battle between bearish and bullish harmonics... where will we end up- over 10k? Or below 8k? Not all bullish harmonics are bullish and not all bearish ones are bearish... the tricks of the trade in Harmonics is getting experienced in using them and other tools...
Just noticed this already signalling Bearish Shark Formation on Wells Fargo.. there is no way for it to recover before it reaches zero... Unless a bailout..but the nearest return would be sub 20-30 dollars... WOW!
Bigger picture- 9 hr chart shows a bearish butterfly forming.. we are currently on the 50% retracement of it.. at 4.05. Should the pattern move up in price above this 50% retracement it will form a beautiful butterfly pattern above 5.16. Note: we are currently forming a crab pattern which once completed would be the propelling force to higher highs (if it...
Ive made a lot of money with this stock, but any stock can be elusive and like riding a bull- esp before a Holiday. Those who follow understand we have gone through several iterations of Embedded Harmonics. Embedded Harmonics are not stand alone and can fail and change up very quickly. The good news- we are in a shark pattern. This Shark pattern should bounce...
This will be a quick one. There are MASSIVE amounts off harmonics in play right now- that have us trading sideways.. but the Strongest so far appears to be this Bearish Gartley. The recent dip of BTCUSD price has setup what appears to be a perfect Bearish Gartley showing already strong resistance to the downside. Its as if it is just wearing down the Bulls-...
BTCUSD seeing some volatile movement, and some have checked out on it, but the overall range is still to the upside- provided the harmonics play out. We have seen bullish harmonic after bullish harmonic continue to setup only to fail on the 9500 resistance. Harmonics can change quickly, but this one may have some real legs right now. The ??? marks are areas...
So it appears the sneaky market decided to reject the Blue Butterfly Harmonic (see previous chart). But has now reformed another Butterfly Harmonic to chase the weak hands out. Strong players will have remained in the market... or bought back in at 65.00. Caution is still in for the trade because resistance will setup again where we failed previously at 70.00......
Looks like possible embedded harmonics Butterfly and Crab - so this can play out a number of way swith some fake outs to the downside, only to reverse and continue upside. A sneaky one.. but may payoff to the patient ones.
Copper has just finished its descent pattern and seeing good bounce back up. It should reach an initial resistance and if it gets through see higher highs. The peak price point $3.30 may be the top, but bullish moment um will be explored if the pricing reaches this point. If the bullish momentum continues it could double from it could double in price from the lows.
An unfortunate, but not so surprising rejection of the Butterfly pattern which help hopes of higher prices.. but an early reset looks to take BTC back down to 9k. From 9k we should begin to re-calibrate long term moves. I had initially thought a bullish crab was forming, but we have had a basic rejection of 3 bullish patterns which is never a good sign, but lets...