Premium Harmonic Intraday Charts for 04/12/2017

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There’s something to be said about trading in a focused environment, in a manner which feels as comfortable as one can feel when trading.  There’s always nuances when one tries to force a trade, regardless of the reason, or when shifting one’s normal parameters of risk/reward.  That being said, I suggest sticking to what works for the individual, and if that is an unknown, do NOT risk capital until it is a known.  Also, it is never recommended that anyone follows another into a trade blindly, it is imperative to not only understand the reasoning of an entry, but also to agree with it based on one’s own criteria.

ES_F initial lvls to brk & hold outside blue GRZ.  Either looking for 2324.25 tgt w/ dnside brk or retest of dbl Shark PRZ w/ help of STRg8 completion of Dp Crab.

NQ_F in upside Retrce Mode of blue Dp Crab, currently inside GRZ, so initial lvls to brk & hold are above 5411 or below 5390.75.  Note STRg8 shows important sup test at 5395 , as long as this can hold, it increases probability of testing top of GRZ on STR20.  Ideally looking for upside brk to 5434, or dnside brk to retest 5373.

CL_F approaching smaller of  dbl  ABCD,PRZ53.69, this will be a key resist test & 53.26 SL is key sup.  Note this ABCD correlates w/ 4Hr Shark PRZ, adding importance of resist, if does rejct, ideally looking for 50.3 tgt for 5-0.  Upside continuation has top of Shark PRZ which correlates w/ 127.2% ext tgt at 55,38.

GC_F is strong uptrend so I’ve taken STRenko chart down to 10 to find small pattern to play out initially.  There’s an emerging Bat or ABCD w/ Line in Sand at 1281.8, this will be the do or die for Bat.  Should the Bat play out, it will return price back to 4/11 intraday VPOC.  Above 1281.8 focuses on completing ABCD at 1285.9.

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