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 7 months ago
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.
This not a Crab and Bfly @ 1618! It is just a weekly 1.618 that is now failing. After 15 months and 2 significant pullbacks, this is officially a harmonic breakout SP500 above 2050! The 2.0 extension @248 is NOW the new target. This is what happens with price action after such a consolidation. Learn more about ...
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,
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 ...
Update from original post https://twitter.com/harmonictrader/status/725035382530793474
now ck EURCAD...EURJPY in the works.
EURJPY PRZ confirmed@122 now consolidating daily PRZ before larger brkout triggered!