zippy1day

Adjusted targets for Inverse Head & Shoulders and if we break $5500 convincingly with another X then game on imo!

In this Point & Figure Chart a Head & Shoulders is apparent and so working on this basis and initial target met I think $9300 is achievable! stockcharts.com

Some clever bots at work here masking all patterns as there have been multiple in my honest opinion! Right now at a crucial level in which we could take the small H&S pattern and still make E of the running triangle being bullish or bearish?

Worked out both up and down targets for this formation:- Pennant low(PL) + ((Flagpole height) * 60%) = $5677 Pennant high(PH) - ((Flagpole height) * 51%) = $4728 FPH = $1214

In whats been a difficult Wave (4) to follow I now believe we are the final leg of this wave! ewminteractive.com

The "Symmetrical Triangle" which I last presumed now seems more likely to be that of an "Ascending Triangle".

As usually the case a "Symmetrical Triangle" to confirm possible Wave 4 in this impulse move with targets as per chart!

Following the SOS(Sign Of Strength) I have drawn alternate waves which could take us to $7148 medium term?

Trying to make sense of the Fibonacci levels it does seem that 200% has become the new acceptable extension level? Also note Wave 3 extended to 200% near as can be measured and the Classic Monthly Resistance level almost hit so maybe the dynamics have changed with this Sign of Strength(SOS). Expecting a pullback here as yet not known?

If this is the "Simple Rally" as described in Wyckoff(Phase B of Accumulation) then we are possibly in Wave 5 looking for those fibonacci levels!

Yet to make final break of green support line so target is estimated! thepatternsite.com

Targets as per chart with down target estimated as break not known! thepatternsite.com

Have a short term target of $4167 if Elliott Wave Count correct?

After testing MTPredicator for a month I will not be subscribing, either because I don't get Elliott Wave or it is still too subjective to rely on!

On track to make this pattern once neckline broken.

Looked like a number of patterns on formation but ending up as this and clearly broke to the downside!

Yet another one and subtle! Will this be the peak of the Right Shoulder or power on?

Interesting to see Head & Shoulders being drawn both ways, so interesting times and prefer to stay neutral until clear confirmation!