ScottCarney

PRO
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About me Scott Carney, President and Founder of HarmonicTrader.com, created the harmonic patterns that comprise the Harmonic Trading approach. The harmonic patterns that Scott created define a system of price measurements that are the industry standard.
Joined harmonictrader www.HarmonicTrader.com
Harmonic Trading
Markets Allocation
43 % stocks 32 % forex 4 % commodities 21 % other
Top Mentioned Symbols
SPY 10% | 3 TWTR 7% | 2 SNAP 7% | 2 USOIL 7% | 2
ScottCarney ScottCarney PRO SNAP, 60, Short ,
SNAP: SNAP Update - 60min Bearish 5-0
87 0 8
SNAP, 60 Short
SNAP Update - 60min Bearish 5-0

I posted a DAILY Deep Crab that suggest SNAP needs a serious retracement after its IPO before considering accumulation. The 60-min Bearish 5-0 in the CD leg has also lined up with an important COMPLEX RSI formation. As I outlined in myVOL2 book, these indicator formations are typically retested. THIS IS THE PROPER HARMONIC EXPECTATION! Execute SNAP off the ...

ScottCarney ScottCarney PRO SNAP, 60,
SNAP: SNAP Deep Crab - LOWER!
89 0 9
SNAP, 60
SNAP Deep Crab - LOWER!

SNAP not to be considered until this Deep Crab completes @ 15.58.

ScottCarney ScottCarney PRO USOIL, D, Long ,
USOIL: OIL Update: Follow the RSI!
251 2 17
USOIL, D Long
OIL Update: Follow the RSI!

After the quick collapse and rebound, the Bullish Bat has now confirmed a critical continuation with the $50 target that coincides with the TYPE-I harmonic pattern. Ride RSI and monitor the reading as it rockets from the Oversold zone!

ScottCarney ScottCarney PRO USOIL, D, Long ,
USOIL: US OIL Gartley Continuation
278 3 12
USOIL, D Long
US OIL Gartley Continuation

Today's breakdown triggers the CD leg of daily Bullish Gartley @ 44. Due to RSI, this will flush hard and fast. Sell it down to here then trigger off extreme oversold level > 30. Contrary to popular opinion, Oil IS TO BE ACCUMULATED ON PULLBACKS LIKE TIS!

ScottCarney ScottCarney PRO EURGBP, 60, Short ,
EURGBP: EURGBP AB=CD RSI BAMM Continuation
151 0 13
EURGBP, 60 Short
EURGBP AB=CD RSI BAMM Continuation

In my VOL3, I outline a critical AB=CD situation with COMPLEX RSI formations. Look for a minimum AB=CD thrust @ 0.8415 PRZ while looking for RSI to rollover. These situations seek to capture a retest of the initial RSI test @ 0.83. Trend still down until retest completes.

ScottCarney ScottCarney PRO TWTR, W, Short ,
TWTR: TWTR AB=CD Update
105 0 6
TWTR, W Short
TWTR AB=CD Update

After posting the Harmonic Head and Shoulders, the stock is breaking down to retest the all-time low. There is an ALL-TIME AB=CD at $11. The $10-11 range is surely the make-break for Twitter as a business!

ScottCarney ScottCarney PRO NDX, 15, Long ,
NDX: NDX Dip and Rip AB=CD @ Gap Fill - Harmonic Trading Strategy
175 0 5
NDX, 15 Long
NDX Dip and Rip AB=CD @ Gap Fill - Harmonic Trading Strategy

NDX Dip and Rip AB=CD @ Gap Fill Towards the back of my book "The Harmonic Trader" (Harmonic Trader Press 1998) on page 254, I outline situations when pattern completions coincide with price action that fills a prior open gap. FREE ACCESS to "The Harmonic Trader" pdf: http://harmonictrader.com/harmonic-trader-pdf/ This chart in NDX 15min is a situation day ...

ScottCarney ScottCarney PRO SPY, M,
SPY: SPY RSI BAMM
336 0 10
SPY, M
SPY RSI BAMM

In Harmonic Trading, RSI + HSI Confirmation make the difference in understanding Reaction vs. Reversals. SPY now attempting to complete WEEKLY RSI BAMM DIVERGENCE @ the 2.0 (1.902 main#) but it is already acting strong. This runaway SPY train has 250 as the make-or-break target. I am looking at this area for a Q1 peak and pause at the natural harmonic ...

ScottCarney ScottCarney PRO NAS100, D,
NAS100: NAZ UPDATE@1.902
236 3 15
NAS100, D
NAZ UPDATE@1.902

In my new book, Harmonic Trading Volume Three I discuss the importance of the 1.902XA extension in Crab structures that acts as a permissible tolerance when the trend is strong. In this case, the brief pause @ the 1.618 is now over and the index is poised to rally as high as 5275 over the next few days. This situation screams all the signs of a failed - or at ...

ScottCarney ScottCarney PRO NAS100, D,
NAS100: NDX Deep Bearish Crab Daily
177 0 7
NAS100, D
NDX Deep Bearish Crab Daily

RSI looks good for a brief pause within the uptrend....FOCUS ON ROLLOVER@1.618 as short-term pause of January's rally.

FB: Facebook AB=CD@128!
229 0 7
FB, D
Facebook AB=CD@128!

Facebook just completed an AB=CD from the past year! If the mkt is going to breakout, FB must surmount this harmonic resistance. Although the stock will temporarily consolidate at this natural level, keep an eye on "Zucker-book" ABOVE 130 for the trigger of a year-end NASDAQ breakout.

ScottCarney ScottCarney PRO SPY, D,
SPY: SPY Bearish Bat - Last Chance for Bearish Scenario
268 0 8
SPY, D
SPY Bearish Bat - Last Chance for Bearish Scenario

I am surprised after last week's defense @2030 on SP500....now 211on SPY - THIS IS THE LINE IN THE SAND!

ScottCarney ScottCarney PRO AUDCAD, D,
AUDCAD: AUDCAD Bullish Bat Daily
298 1 13
AUDCAD, D
AUDCAD Bullish Bat Daily

BIG BULLISH BAT @ 0.9250...Look@RSI still down until we get here....I like to trade bearish intraday patterns into the PRZ until larger timeframe reached....something to consider! Have a Great Harmonic Weekend, Scott

ScottCarney ScottCarney PRO T, D, Short ,
T: T Bearish Crab
141 0 4
T, D Short
T Bearish Crab

When I see BIG BEARISH PATTERNS ACROSS THE BOARD as this chart of a Bearish Crab in AT&T (T), I am defensive! Many others in Dow Industrials!

ScottCarney ScottCarney PRO ESM2016, 60,
ESM2016: ESM6 Bullish Bats - TYPE2 Support Challenge
275 0 11
ESM2016, 60
ESM6 Bullish Bats - TYPE2 Support Challenge

I am BEARISH on SPX w/ 1570 as the big WEEKLY target. These Bullish Bat patterns are great intraday long trades but the trend is down. We just hit the TYPE2 reversal of BOTH. This is the line in the sand for bulls - short AND long-term. A violation of 2030-2035 will trigger the decline. The #s to watch on the downside are 1950, then 1830 then 1570.

ScottCarney ScottCarney PRO AUDNZD, 240, Long ,
AUDNZD: AUDNZD Bullish Bat TYPE2
206 1 7
AUDNZD, 240 Long
AUDNZD Bullish Bat TYPE2

LONG@1.0725 TARGET @ 1.0980 STOP@1.0687

ScottCarney ScottCarney PRO CHFJPY, 15, Short ,
CHFJPY: CHFJPY 15min Bearish Bat
156 1 8
CHFJPY, 15 Short
CHFJPY 15min Bearish Bat

Sell Bat PRZ@112.25 STOP @112.55 Target1@111.35

ScottCarney ScottCarney PRO GBPNZD, 240, Short ,
GBPNZD: GBPNZD 4HR BFLY
199 2 10
GBPNZD, 240 Short
GBPNZD 4HR BFLY

Sell@214.50-215

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