purplex

purplex Updated 

Warnings: Volatile price action near completion point Wide range bars through the PRZ Validity: 3 harmonic numbers converge in a tight range at the completion point

purplex Updated 

Ideal Bearish Butterfly Pattern Validity: Potential Reversal Zone shows signs of harmonic symmetry Alternate 1.27 AB=CD 2.0 B C projection 1.27 X A projection Look for price action to respect the PRZ

purplex Updated 

Aggressive traders short on the completion of the Gartley pattern (6384.2) Warnings: Only retraced to .382 price action could potentially continue past this area and form a Bat pattern. For this reason I will wait and trade the Bat unless I see a reversal signal. Conservative traders short on the completion of the Bat pattern (6397.5) Warnings: Look...

purplex Updated 

Cypher pattern could extend further Warnings: Gap on open, wide range bars completing D leg, along with market being on a steady uptrend. Keep contract sizes small Conservative traders short the double top, aggressive traders short the .786 completion of cypher (6417.3) Validity: Valid double top near all time highs Warnings: Look for wide range...

purplex Updated 

Potential AB=CD pattern could extend further than 272 extension of ab leg Warnings: Market has a steady uptrend, B leg retraced .754 could retrace further Validity: Double bottom Potential Gartley pattern could extend into a butterfly market has been in a strong uptrend Warnings: Market has a steady uptrend Validity: Double to near all time highs...

purplex Updated 

Potential Butterfly pattern could extend further Warnings: Wide range bars completing D leg Validity: Completion point near previous gap my experience closed gaps act as support / resistance zones. Market has been in a steady uptrend. Warnings: Look for wide range bars completing the D leg (could extend further Market has been in a strong uptrend (keep...

purplex Updated 

Warnings: Market is in a strong uptrend, could potentially reach 616 then retrace down or continue the trend Validity: AB leg and CD leg show signs of symmetry, 414 extension Warnings: Look for wide range bars completing the D leg (could extend past .782) of the cypher Market has been in a strong uptrend (keep contract size small) If your trading using...

purplex Updated 

Warnings: Look for wide range bars completing the D leg (could extend past .786) of the gartley If your trading using nadex as broker be aware of the time the pattern forms you want to have enough time to reach targets Aggressive Traders Enter on Gartly Conservative traders enter on Bat Validity Bat pattern completion point zone was respected in the past

purplex Updated 

Possible Cypher Pattern, AB=CD and Butterfly Pattern Formation - This is my first post hope everything goes well for everyone happy trading Warnings: Look for wide range bars completing the D leg (could extend past .782) of the cypher Market has been in a strong uptrend (keep contract size small) If your trading using nadex as broker be aware of the time the...