Yahoo found buyers at the completion of a Bullish Butterfly harmonic pattern, the ideal minimum retracement target is 35.21 but there is a level of 34.45 that is the initial resistance test. Harmonic patterns, which are an enhancement of using … Continue reading
Tag Archives: YHOO
Patience Could Pay for YHOO Bearish Gartley Completion
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YHOO is currently in between opposing emerging harmonic patterns, and with Tuesday’s push above 38.94, the PRZ (Potential Reversal Zone aka a harmonic pattern’s completion zone) target is 40.16 to complete a Bearish Gartley. Sometimes, not always, but sometimes an … Continue reading
YHOO Update
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Click here for previous update derived from short trigger. Since that update, the ultimate short trigger profit was the bottom of the red pitchfork shown on the daily chart. Here is the current scenario Daily chart shows price pulled back … Continue reading
YHOO triggered short
Trade Idea for YHOO short trigger:
Sell Apr 23/24 call credit spread and get .35.. which is 25% return on risk.. OR you can buy the Apr 23/21 bull put spread for .68 to make 1.32..