Fred_Frog

Fred_Frog

One possibility for how the market will unfold over the next six months.

Fred_Frog

Here is what AB=CD suggests as a Potential Reversal Zone for May Gold Futures.

Fred_Frog

A minor AB=CD (blue) looks like it will land near 3350 (PRZ 1) in the next day or two. PRZ 1 has the tightest Fibonacci coordinates for this AB=CD. Also on the chart is the second tightest set of coordinates (PRZ 2). From this landing I anticipate a sideways move -- think Elliot Wave 4 -- before heading further south. This is all part of a larger Shark that...

Fred_Frog

This may all be a fruitless exercise in playing with charts. However, it appears that a Bullish Shark could be forming in the ES (similar pattern in NQ -- ). This needs to fall below 1830.00 for confirmation. As Harmonics are based on Elliot Waves, I envision the CD leg of the Shark as a five wave down. Thus, the B point of the AB=CD (yellow/orange) is likely...

Fred_Frog

The NQ appears to be forming a Bullish Shark. Three possible PRZs exist as noted on the chart. PRZ 2 is the tightest and also coincides with a 50% retrace of the up leg from November 2012. Preferred target is 3111.00.

Fred_Frog

There may be a Butterfly forming in CL. The 786 retrace has already occurred and the current AB=CD (blue) and minor ab=cd (yellow) support targets that are consistent with the C point of a Butterfly. PRZ notes are on the chart. Long: The projected C point near 106 is likely an intermediate rest stop before heading up just shy of 110. This would be consistent...

Fred_Frog

A Bearish Butterfly appears to be in play with a PRZ of 1903.00-1903.25. This corresponds with an AB=CD on the weekly (starts March 2009) that has a PRZ of 1889.50-1909.25. The projected timeframe of the reversal is within the next 10 days. The Butterfly should retrace at least to the 382 of the CD leg (1876.75). A retrace of the AB=CD from the weekly has a...

Fred_Frog

Projecting about $4 to the upside before a downturn; notes on chart. This is a bearish pattern, please place an appropriate Stop Loss. The analysis is just my opinion with no guarantee of accuracy, trading decisions are your own.