IWM Day chart is testing the waters of a harmonic pattern completion as shown with the red zone, this particular pattern called a Bearish Butterfly. A name for a completion zone is PRZ (Potential Reversal Zone) and the rules are … Continue reading
Tag Archives: patterns
Premium Harmonic Charts for the week of 12/05/2016
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Keep in mind that Euro Referendum is going on so extreme caution trading today. Also, as of tomorrow, TF_F will have a different point value, so for NT, follow these instructions: http://ninjatrader.com/Advisories/ICE-12-5-2016 You need the STLevels Swordlines indicator to view … Continue reading
Premium Preview: CL_F Chuggin
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CL_F Day chart shows the overall picture is price is in between opposing emerging harmonic patterns, this is indicative when price is in a consolidation of sorts. The initial levels to break and hold are the GRZ levels (Golden Ratio … Continue reading
Premium Preview: GLD Opens Door For Buyers But Will They Step In?
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GLD Day chart shows price is currently stalling inside a small harmonic pattern’s completion region aka PRZ (Potential Reversal Zone), this coupled with the fact that price is very extended and one of the two momentum indicators I watch at … Continue reading
Premium Preview: IYR Houses Butterfly
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IYR, the ETF for US Real Estate, Day chart shows price is currently attempting to retrace a Bullish Butterfly as shown in green, there was some folks that jumped on the buy wagon ahead of the ideal PRZ of 71.45 … Continue reading
Premium Harmonic Charts for the week of 11/28/2016
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All charts are now included, I won’t go into detail how many times I’d change levels or drawings and the power would go out long enough to eliminate that so multiple intermediate savings of workspace … 8) You need the … Continue reading
Premium Harmonic Charts for the week of 11/21/2016
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You need the STLevels Swordlines indicator to view this week’s Stocks with Mo STSwordlines: AAPL, GLD, IBB, IWM, QQQ, TF_F (however, if you don’t use the NT indicators & would like to view the levels, please let me know) Mo/Wk/Day … Continue reading
Premium Preview: IBB Be Knockin
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IBB, the ETF for biotechnology, is in overall decisive mode but knocking at levels that can help decipher bias. The Day chart shows price has been attempting to retrace the green Bullish Gartley and so far has a respectable yet … Continue reading
Premium Preview: ES_F Buyers and Sellers Tapping Their Foot
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ES_F Day chart shows price is inside a consolidation type formation as well as in between opposing emerging patterns which is also indicative of indecision, thus each side tapping their foot awaiting for price to take out important levels. Currently … Continue reading
Premium Preview: IYF Banking On Harmonic Targets
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$IYF Day chart shows price is taking out a previous high of 94.18, due to expansion there’s a suggestion of stalling or a pullback into support and the initial pullback target is 94.18 but price could come back to 91.81 … Continue reading