$NOC started rally in March last year making 106.88% so far. Steep slingshot.
PA broke 38.2, the reversal point is in the middle of 38,2-50.
PA broke the channel, completed the shark and wave3 on 5-0 for a ret. into 50 fib of this leg down. PA might ret. to test the breakout and channel boundary.
1. EW sequence completed 2. Bearish shark completed 3. Bullish 5-0 3rd wave 224 ext. completed 4. RSI overbought I guess enough reasons to be short :) Good luck
Very accurate support and resistance right at fib. arc intersections. 3 proven S/R, wonder if the 4th and 5th will follow through.
Gold still very bearish, breaking all supports so far. Looking for a bullish turn in the 1210s area.
SPX might be at the top after this extended move high.
Credit to C J @Marketrend for this nice pick. 5-0 bearish into bullish gartley.
If EW3 is completed expected ret. on EW4 at least to 83, possible sub 82 on 5-0 50% ret. for a new long.
PA trading in a H4 ascending channel. Possible long on bullish gartley @ 1.95 handle.
2 bearish bats and EW4 for a short. At least to T1 @835 or perhaps 826 for a long on bullish 5-0, EW5
The bearish equal leg ABCD has been completed @98.55. Perfect fib confluence 200 (96.17-93.92) and 161.8 (AB leg 97.11-95.01) with RSI divergence
Should this be the EW sequence completion a possible 3D for a short into TL - breakout test
I had to take this short, plain and simple.
If wave3 confirmed, pullback on wave4 and completion of patterns on wave5. This setup is supported by 2 bearish patterns, bat and crab which coincide with a bullish 5-0.