This is disturbingly low! This means that we should be very careful about the recent highs in the market... due for a pullback soon... as VXXB begins to put in a bottom near the lower channel support line
Hmmm... just looking at the bigger pattern. Looks like it will soon have a pullback.
A little more up should complete the smaller Crab pattern.
This should top out the black wave 3.
the pullback should chop us back down to the green buy line for wave 4 (black)
Then another push up to complete the wave 5 of 3 (red label).
When I see the topping area for the Crab...
Here is an very recent example of the Gartley pattern. I took both trades and it was very profitable!
The short was played with puts and the long was played with calls.
This simple pattern has a high probability of success.
Notice that the textbook plan waited for the buy signal shown in green, not the short signal shown in red.
The textbook example simply to the...
We now can begin to see the patterns forming larger patterns'
This can help us with projections of those elusive pivot points.
Here we see how the smaller patterns can begin to build larger patterns for us.
Even project possibilities into the future!
Simply, Harmonics is a tool set that helps us look for pivot point extremes in corrective waves.
Let's start with some simple ideas and get a feel for where the harmonics can be found.
I'll try to make lessons as time permits over the next few days.
Please enjoy these charts.
Well since the target we've been talking about has been reached, today had a gap and reverse day. Important to not let this slip by us. Earlier today I mentioned in the whiteknightmoving trading room that we could be seeing the begining of a rally here.
Next week should bring back some volatility as we expect a choppy whipsaw market as the newer highs...
Here are the possible wave counts, corrections, and target prices for the next 2 weeks.
Notice the 3rd of a 3rd wave gap. This is huge and I don't expect it to filled like yesterdays gap... yet.
I think we now have a long sideways correction that will be very choppy and corrective. Yet these provide great opportunities to trade.
The safer and longer term view...
Remember when the market was hitting the lows and traders were afraid? (VXXB was high)
We wondered "Could this really be" as a Bat Pattern potential.
We identified the the possible VXXB Bat pattern at that time. Then as the little parabolic curve was forming, we patiently waited for the VXXB to snap .
and... Very nice!
Then the "looks Heavy" comment just before...
Long term view. Both outlooks require a fast pullback soon to the 2600-2625 zone.
Possible crab pattern (long term bullish outlook) is possible due to 88.6% retracement of the 2018 sell off. However, the Purple Bat pattern indicates a bear market pullback to the 1937 zone. So the easy play is for a sell off first. We'll look for a decision maker around the white...
April Fools Day may be the high turn point for the Market.
Don't let the market fool ya! We should see another high (black 3) and then a quick pullback as shown down for wave 4.
The Harmonic Patterns complete in the sell zone and indicate a quick retracement soon after.
We'll keep our eyes on this potential and if it plays out for us, we'll be ready to buy lower...
Looks like our parabolic pattern idea is playing out nicely.
Other patterns such as the elliott wave ending diagonal and the harmonic Cypher Pattern all converge on the sell zone. Notice the baby bat pattern (blue) :)
Let's see if we can hit the sell targets on April Fools day!
I'm bullish,... but ready to sell at the target area.
Then Once the market breaks the...
ES are showing the thoughts of a parabolic move up. The market looks to be making an Ending Diagonal pattern (dashed pink) as we complete the big Blue Gartley we've been talking about for a few weeks now.
The baby crab may help us with the finishing touches with an expectation for a quick move to higher prices.
All seem to like the 2850 zone.
I am bullish with...
Here is the bigger view traders have asked for... we'll see, please remember this chart is not adjusted for time. Simply looking for turning points in the waves. final target is around 2850... hope it helps my fiends
Updated chart... lets see what tomorrow brings at the open.
Please note that if we get the 5 waves up (in Purple) that should have a red/yellow label 3.
Please forgive me, I goofed and should've labeled it.
This means the expectation for an even larger 5 wave pattern near 2850 when all completed in the next few days.
But until then, 1 step at a time and lets the...