Diamond top is a reversal pattern. Target is marked on the chart. Caveat emptor and good luck!
ShawnZ indicator signaled SELL. Since Nov 4th, 2020, ES has not closed below 21 daily SMA. It was saved by the bell today. It will likely open beneath the 21 daily SMA tomorrow and two things could happen: 1. A green close above 21 daily SMA signaling back to uptrend. 2. A red close below 21 daily SMA signaling the start of a heavy pullback. 50 daily SMA to follow.
Read Kinnari_Prajapati's post on the same subject. I understand what she was saying about the crab but her idea is missing some parts of explanation. What is a crab and how do you play it. Approached my idea post from that viewpoint. There is an excellent tool available on TV to accurately paint the harmonics. I used that in the chart. One more thing - BTC and...
Primary target on the chart. Enjoy!
Check out this move on ES. Every turn seems to fit around the key fib levels. As if someone had set the min and max like a month ago and let the market decide how to get there. I am expecting a 50% corrective move before we go higher.
Two moves - 1. Move to 3745. 2. Dump to 1.0 and 1.618 Fib shown in the graph.
Here is my case for additional (and quick) weakness on AMZN. 1. AMZN broke the PSAR below and jumped up as expected to retry and retain the trend to upside. However, PSAR from above (now resistance) has been tough to crack for last 3 days. This is bad news. It means it will fall from here very quickly. 2. The cRSI indicators are bullish in a very bearish setting....
bears are all but extinct. how about a swoop and scoop of bear litter by bullish hawks? down, up, down.
Have we ever seen a wick at the top on Daily like today's? (right side). Yes, we did. It was on Dec 18th 2014 (left side). Almost 6 years ago to the day. Will it bring the same outcome -> a top for months to come with a large drop? Anyone know to check Fib Time Series?
If it double bottomed, we may see a multiday rally in dollar. will weaken equities.
two more harmonics follow if d continues to climb - anti-shark and nen star.