zippy1day

After busting the last symmetrical triangle I have been looking for another possibility for this move downwards. I can only come to the conclusion the bottom is not yet in and either the Cats Ear or Large Descending Triangle target will be the next base or spring from there upwards? If we move below the diagonal green broken line then my suspicions have been ...

It is my belief we are in the process of forming the final leg of this harmonic pattern.

We should breakout one way or another soon if this pattern plays out!

Targets in line with Bulkowski percentage meeting prices for up = D(67%), down(41%) = E. thepatternsite.com * D = $3803.43

A hard call at the moment but has to be considered so as to test the 200 day EMA (Purple Line). myforexmagicwave.com

Broke to the downside with a target of $3740 thepatternsite.com

Rather disorderly flag but nonetheless using Bulkowski formula target in the region of $4211 thepatternsite.com

Target as per chart

A somewhat discovery of price in the last few days and so predictions, which are never easy, proving to be the case! The Elliott Wave Triangle in red outline hit the target almost perfectly.

Took a slightly different path than we all expected i.e. Symmetrical Triangle ~ still on target to complete C.

Targets on screen using Bulkowski formula and estimated breaks.

Like the rest of the market I am split as to near term future as there are both good arguments for bull and bear scenarios! Short term still bullish but as to how far?

Not an expert but drawn on recent patterns and other forms of Technical Analysis i.e. Wyckoff

Possible Path see schematic ...

The world and his brother now familiar with this pattern but will she fulfill her promise? Now above 200 day EMA and shorter ema' s pointing northward and exited regression channel so neckline(thick white line) should be achievable short term!

Looks as if market makers trying to break this obvious Inverse Head & Shoulders with this "Regression Channel"!

I am sure everybody has seen this pattern by now but will it fulfill its promise ~ I am not so sure? Targets calculated using Elliott Wave Impulse fib levels and Bulkowski for Inverse Head & Shoulders. thepatternsite.com

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