I am late of this one. Nice Gartley Harmonic ( although I would have liked a deeper XA retrace) together with an AB=CD formation. The oscillator at the bottom has been quite good at calling price strength. The way I would play this is to wait for the current run to play out then consider a position at point D. (~$51) Use tight stops if you enter. Expected...
Tesla.. the stock everyone has an opinion on! This is a 1 hour chart so it can move quickly... Nice Harmonic Crab Pattern in play This pattern tends to overextend to the 1.92 level which in this case is the bottom of the marked zone. Targets and stop indicated Wait until tomorrow's (5-7-2021) NFP is out of the way and watch rate direction and broad markets...
BIIB came out a nice Gartley Pattern on 4/22. First stop should be the $277 area as AB=CD, where I would think there will be some profit taking. Upside targets ($290+) are shown as this evolves into a possible Deep Crab Harmonic Pattern. Biogen needs FDA drug approval, descent earning against healthy market backdrop for this to happen. In higher time-frames...
Now that the Facebook decision is behind us pressure should be off Twitter (TWTR). The first target is filling the recent gap. Watch for a turn-up in the bottom Oscillator Need market strength at its back and as always DYODD, S.
ADI worth looking at for a potential reversal with a well shaped Gartley Pattern. Need the tech sector to hold up as well as the broad market. Earnings on May 19th. Need the bottom Oscillator to reverse direction first. Do your own DD S.
Possible Cypher Pattern developing/ I would let BTCUSD close below the dotted line and use the sliding parallel on the PitchFork as a stop. Two targets are marked. Th first is a break of Point B. The second is Point D which is a .786 retrace of XA. In a perfect world I would rather have liked Point C to have extended by at least 1.27. But we don't live in a...
Keep an eye on USDCAD which may reverse with oil weakness and DXY strength We have a evolving Deep Crab Harmonic formation on the 1hr. together with aconfluence of 2 modified Schiff Pitchforks. Deep Crabs sometimes extend to a 1.90 XA extension which is reflected in our stop placement. Suggested targets are market. Do your own DD. S.
My longer term view... Given the targets I would let this try to get a head of upward stea, US CPI tomorrow may be the cayalyst keep an eye on long US Treasuries.... S.
Potential short term bottom for Tesla (TSLA) MACD divergence and targets marked. Not a perfect Alt Bat but close. S.
Harmonic Butterfly in play with targets Do your own DD S.
My view only Not for the faint hearted Looking to sell BTCUSD around the 33920 area with a 24000 target. Stop is 36568 for a risk reward reward of about 3.8 times. Do your own DD. S.
This should benefit from a gold price rally S.
This is a counter trend trade, The targets are shown I would suggest entry around the 19650 area with a stop around 19985. Alternatively you could wait until T1 or T2 is hit and establish a long position Worth watching. S
KL on the NYSE has retraced nearly 87% of it's June-Aug rally, mostly recently as a result PM's softness and probably Gold ETF sales. Not a perfect Bat but close enough. We have a developing potential Bullish Bat Pattern reversal in progress. Additionally the CD leg is a 1.618 extension of the AB one. ... (CD=1.618 AB) Worth watching IMHO if PM's get a bid. S.
AES Corp. has retraced 88.6% of its Feb/Mar range This may be setting up a Bearish Harmonic Bat Pattern reversal Adding to this is an ABCD pattern (in green) where CD is a 1.27 extention of AB at the current price. Let the pattern develop and roll over as it is a reversal and going against the recent trend, before deciding to initiate/exit an existing position. S.
Possible Extended Gartley Pattern here. Add price divergence and we may have a short term bottom. Targets are market 50% position off at the first target S.
Looking for a reversal here... Targets are shwn. Dont be too agressive S.