Steve666

Steve666 Updated 

Everyone knows the background and philosophy of ARK Innovations Looks like a short term bottom (2hr basis) has been put in and a Harmonic Bat pattern is developing. Target is the PRZ (Price Reversal Zone) in the $85/86 area. Need to take out the XB trend line and then the B point for more assurance. As always do your own due diligence, respect the overall...

Steve666 Updated 

A trend continues until it doesn't. Crude in my opinion looks a little toppy after a great run. 4th touch of the upper channel with the previous three indicating a reversal. Interestingly they are similarly equidistant between each other. Just a suggestion that things won't go up for ever. Let a reversal emerge first that is actionable. Do your own due...

Steve666 Updated 

Quite a ride... I suspect we are getting close to the bottom unless the Apocalypse is coming. 2 Harmonic Deep Crabs forming with different terminuses depending on the X point. Deep Crabs have a habit of going on longer than expected so let this play and break the arc to the upside first. So monitor for now. As always keep an eye on world markets and...

Steve666

In the past five months DraftKings has managed to erase over 70% of their share price.No mean feat. Not a lot of history but it does tend to have runs. Recently the three month down channel appears to have been challenged and broken. Breakouts tend to challenge themselves so there is no reason this can't retrace and trade near the Jan. 24th low. Perhaps a...

Steve666 Updated 

In early December WYNN was down nearly 50% from its high last year. Wynn Resorts has been one of the poster children of COVID related economic victims. A recent 23% drop, recovery and rally from a higher low suggests a possible short term bottom is in. This Gartley is a developing pattern and as such has a lower success rate than if it were fully developed. ...

Steve666 Updated 

Interesting times...merge of 2 cypher patterns and a possible close below the spring high. Just watching as a student of the market ... no involvement. If we do break a logical target would be the 52,500 area. Do your own due diligence S.

Steve666 Updated 

Moderna with harmonics patterns applied is an interesting study. A harmonic Bat completion in early November 2020 led to an 80% gain. The price checked back for another possible price assault beginning December 10th. My thinking is that the price rises to approach and the second Bat target in the $465 area This would coincide with a developing Gartley target...

Steve666 Updated 

The Global X Cloud Computing ETF ran up 33 % from May 2021 to November 2021 and has given back nearly 90% of that gain. Harmonically (Shark Pattern and ABCD) one could build as case for a pending reversal. As this is a counter-trend trade I'd like to see evidence of a reverse both with momentum turning up and signs of a definite price reversal. To this end I...

Steve666 Updated 

In the past three sessions TS:A has managed a 20% plus gain. Perhaps this was on the strength of a harmonic Gartley with an embedded ABCD pattern. Having achieved Target 1 of the Gartley and approaching Target 1 of the ABCD, perhaps a short term pause is in order and to take some profit if you have some. Shorter term harmonics are also signalling a pause. As...

Steve666

Decision time. Hopefully this finally rolls over. Will certainly skew inflation data Credit Kevin Woodsworth (@Northstar69) for the idea. S

Steve666 Updated 

This is a long-shot and not the best Cypher Pattern , but worth mentioning. Not saying this will happen but lots of balls in the air these days and certainly some trapped cyber bulls may be feeling some pain. Next stop the red line ... around 53,000. Interesting enough Point D happens to be the mid-line of a Modified Andrews Pitchfork Just a view... not...

Steve666 Updated 

There is the potential of a Harmonic shark Pattern forming on the 5 hour Gold chart It is a variation of the traditional M and W patterns. The Shark pattern is made up of two separate price segments: on the one hand, an impulse wave that fails, and on the other, an impulse wave that reaches extreme levels. There are traditionally two reversal D points ... an...

Steve666 Updated 

EURUSD has trended down since May and to a greater degree since January 2021. Presently there may be a reversal opportunity based on a present harmonic. I suggest a reversal zone area and an entry point to ensure the trend is reversed. Suggested targets and a stop are shown . Additionally we are at the middle point of a defined channel, often a reversal...

Steve666

Despite the incredible amount of internet hype on Gold/Silver and pending inflation, the price of this commodities seems to be going nowhere. Cyrpto has stolen some of these shiny metal's thunder While this chart may be confusing it does illustrate several things. 1) We have been in a $120 range since mid-July. 2) The price trend has been down since August...

Steve666 Updated 

Ford (F) could be an early victim if markets roll over. A trade below $15.50 may get this going. Not investment advice,,, do your own due diligence S.

Steve666

CNQ on the TSX would be a likely sale candidate if oil rolls over. Recent price action has traced out a Deep Crab Harmonic Pattern. While Deep Crabs are quite reliable, Point D often extends past 1.618 to the 1.92 area. So watch this with an eye to take advantage of price exhaustion. I have added a WTI overlay in $CAD for reference. Not investment advice....

Steve666 Updated 

A confluence of several bearish patterns are forming on AAL ( 4 hour basis.) This suggests a sell (exit) position on perceived AAL and general market weakness. Additionally momenteum appears to be topping. This is not market advice. As always do your own due diligence. S.

Steve666 Updated 

Gamestock (GME) Short and longer term Gartley Patterns could give this a pop. On a 2 hour basis GME tried to rally, fell back and is now mounting another challenge. As always do your own due diligence and have the broad markets at your back. Momentum appears to be turning up as per the bottom panel. Be nimble on this one !! S.