The first thing to look for when identifying the Bat pattern is the impulsive leg or the XA leg. We’re looking for a strong move up or down depending if we either have a bullish or a bearish Bat structure.
The next thing that needs to be satisfied for a valid Bat pattern structure is a minimum 0.382 Fibonacci retracement of the XA leg and it can go as deep as...
Another link to the Schiff Pitchfork idea is also below in "Related Ideas" :
I realized that sharing my Schiff Pitchfork idea may not have been sufficient enough to allow others to be able to use it efficiently and accurately. I wanted to make a video that shows people how I use the Schiff Pitchfork to trade and analyze; Along with some extra tips.
The video is...
🐮🖥️🐮 Apple and Microsoft are giants of tech and some of the largest holdings of the major indexes. If these companies run, not to mention the other tech giants like Facebook and Alphabet, then the markets will almost certainly run with them.
Just look at the top 5 holdings of the S&P :
Microsoft Corporation 5.68%
Apple Inc. 5.60%
Amazon.com, Inc. 4.26%
...
Apple - has had to obey the laws of 'physics'. Basically the higher you go the harder you fall.
People are of course living on hope - as you would if in a plane crash (by way of analogy only).
I'm afraid the outlook isn't pretty - and that's not what people want to hear about. People need hope. Apologies. I only provide reality. I say what's on the charts....
