Premium Harmonic Intraday Charts for 04/21/2017

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ES_F completed Hr Gartley at 2357.25 & attempting to go into Retrce Mode but lacking luster so far, momo is below OB region so implies a good try w/ ideal min tgt 2344.75 & scaling pt 2347.25.  A bounce off these sm pb tgts imiplies retest of 2357.25 or higher to extended noted tgts w/ scaling pts at STR20 PRZ tgts 2365.5 & 2377.25.  There’s unfinished business btween 2351.75 & 2340 so potential chop in that area.

NQ_F completed Dp Crab, a b/d 5439.5 then more important 5437.75 increases probability of Retrce Mode w/ ideal min tgt 5413.75, otherwise above 5453 implies a test of Shark PRZ 5466 or extended tgt still inside PRZ at 5484.

CL_F completed STR20 bullish Crab at 50.51, there is very strong resist at 51.15, if can hold above there, ideal min REtrace tgt is 51.92, this has hvy convergence & risks shifting intraday bias to up if can hold above there w/ conviction, otherwise a b/d of 50.52 implies a retest attempt of Day Bat at 49.2.  Huge expansion day, could need some balancing.

GC_F (same analysis as yday, Thu was inside day of Wed) to recap:   completed Gartley on STR20 & so far has shallow retracement.  Initial lvl to hold abv/below is 1280.6.  Above it still has to contend w 1283.8 but above there increases probability of REtrace Mode continuation & risks shifting intraday bias to up w/ ideal tgt at 1352.2 for Day Bat.  A hold below 1280.6 has retest tgt at Gartley 1276.6 but a b/d there has ideal tgt 1255.1 w/ scaling pts at 1271.2 & 1264.1.

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