ARegularGuy

ARegularGuy

Bull ABCD on Ford. Mustang Sally has hit a low that it hasn't seen since July of 2012. this is a .382 retrace TP but could go to a 50% for riskier setups.

ARegularGuy

bull ABCD on daily Tesla. is a strong Bull pattern. due to the completion point and it goes with the trend a 50% retrace of the entire pattern would be comfortable. I dont like stocks because of the gaps, but this will be interesting.

ARegularGuy Updated 

here on the Brent OIL we have a Bearish AB=CD pattern. it is an 886 "C" point of the retrace of AB and it is a BC Projection of 1.13 and the ABC extension is completed nearly on top of the BC projection as it should! we shall see what happens!

ARegularGuy Updated 

on WTI oil we see a similar pattern as we did on BRENT OIL a bear AB=CD. this time we have a 618 "C" retracement of the AB. the BC Projection of the 1618 and the ABC extension again almost line up perfectly creating a very narrow PRZ. when considering trades on harmonic patterns wait for the "T-Bar" to violate the entire PRZ before taking positions!

ARegularGuy Updated 

what is shown in the Chart is a Bullish AB=CD patten. AB=CD pattern is important as it is the frame work for ALL harmonic patterns as put forth in Scott Carney's Book Harmonic Trading Vol. 1. Here we have a "C" point that is almost a .786 retrace of the AB point. with that being said we use the 1.27 PROJECTION of the BC points. once the pattern has EXTENDED to...

ARegularGuy

here is a AB=CD pattern that has bullish sentiment. the "C" point is a 786 retracement of the AB. so as outlined in Scott Carney's book Harmonic Trading VOL 1 the 786 uses a BC projection of the 1.27, and the pattern completes the ABC extension beautifully with maybe a pip or less under the BC projection. Because this is a counter trend trade I am aiming for only ...

ARegularGuy

here is a bull AB=CD pattern. the AB=CD is the backbone of ALL harmonics as it is outlined in Scott Carney's book Harmonic Trading VOL1. here the C is almost a .786 retrace of AB. so, we use the 1.27 projection of BC. price should go up and continue its consolidation!

ARegularGuy

This is a pattern out of Scott Carneys Book Harmonic Trading Vol. 1 as the Bullish Bat it is almost text book for his perfect Bat. This is on a smaller time frame, but there is a daily BEAR BAT could form on the daily for a good short term position trade! I have the Pending set at what Scott Carney refers to as one of the more significant retracement levels of...

ARegularGuy

As shown on the chart this is almost a perfect Bear Bat as described in Scott Carney's book. what is preventing this from being a perfect Bat is that the "C" point retraced more than 50%. Due to this being a counter trend trade I am aiming for less than half TP. the stop loss is a few pips below the "X" point. this is in part that if Price Action exceeds the...

ARegularGuy

Described in the picture in the picture there is a .786 Fib retrace, a 1.00 Fib extension, Significant Resistance Zone, and a (weak) Gartley pattern that completes at this price level! I am also thinking, depending on how aggressive the price moves to the level, the 21 RSI might be in over bought conditions!

ARegularGuy

On the Weekly Chart, the pair almost seems to be making a Bear Pennant and has been in a significant downward trend. at the moment there is a Bearish Bat pattern! typically one might want to place stops above the pattern's entirety, but I like Risk/ Reward to be at least 1 risk/ 2 reward. There are 4 TP's each at signiciant Fib. Retrace levels of the AD leg....