When intraday levels or patterns are exceeded or invalidated or you want more detailed analysis, please refer to charts posted for the week, click here
Futures Pattern Scanner by Neoharmonics:
ES_F in Retrce Mode of Be Bfly, currently has retrced 50% which is still considered shallow retrace. A hold above 2393 then more important above 2394.75 implies retst of Bfly PRZ or extended Crab PRZ. Note Mon profile did great job of filling in imbalance from Fri.
NQ_F still forming C pt of emerging Bat w/ Line in Sand at 5660.75, above there has ideal tgt at ABCD 5678.75. Let’s see if the Shark at 5657.5 will be the C pt or not. As long as price can hold below 5660.75, the Bat remains in play, increasing in playing below GRZ 5644.
CL_F has key resist at green AC trendline which correlates w/ current STRangemarker hi at 46.71, as long as that holds as resist, the focus is the emerging green Bat. Above the trendline then mre important above 46.98 has ABCD tgt 47.93 which correlates w/ Hr 200 sma at 48.
GC_F retrced green Bfly a bit over 100%, dreamed of tgt. Currently I’m looking for a test of 1224.4 to 1222.8 for dbl PRZ (STRg8 Crab & STR16 Shark) & to see if that Shark will be right Shoulder for pink H&S formation. An upside brk of pink neckline has noted tgts in pink which happen to correlate w/ Hr & Day 200 sma.
Have a question about an instrument not listed? Just ask me.
Trading involves substantial risk and is not suitable for all investors. Past performance is not indicative of future results.