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Futures Pattern Scanner by Neoharmonics:
ES_F invalidated green pattern as stipulated for 5/16, currently price is doing 2 things, on STRg8 chart price attempting to complete blue Bat at 2386.5, on STR16, price completed a Bfly & currently in retrce mode & testing midpt of GRZ which correlates w/ AC trendline, VWAP & Hr 200 so a lot of convergence here. There’s potential breach below it to test 2388.75 or Strg8 Bat at 2386.5, these will be decisive pts.
NQ_F completed ABCD as well as tan Crab, a hold below 5707.5 increases probability of Retrce mode w/ ideal min tgts at 5691.5 or 5679.5 for important sup test tgts. A hold above 5725.75 has extended ABCD tgts 5743 & 5772.25.
CL_F b/d Bat PRZ & w/ help of sm blue Alt Bat is in Retrce Mode w/ ideal min tgt at 47.41. Of course there’s a potential breach to complete the Alt Bat. Once inside the GRZ, where brks & holds beyond it will offer initial directional bias.
GC_F has upside bias w/ Crab PRZ in sites at 1250.8, this will be important resist test. Refer to Day chart to see price has not shifted the bias to up but could if initially can hold abve 1243.6 then more important 1266.4, abv there increases probability of testing Bat PRZ tgt 1352.2. The STRg8 bar shows there could be pb to 1240.2, below there has magnet tgt 1234.4 which takes price back to the prev Bat’s PRZ.
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