NASDAQ:SOUN is looking ready to move back to its highs from several months ago after getting brutally sold off. The completed bullish harmonic pattern coupled with the potential bearish harmonics is a classic setup that can slingshot a stocks price rapidly. Additionally the stock has just finished an Elliot Wave cycle to the down side and is ready to retrace back...
Around 1:30PM on 03/11/25 the AMEX:SPY formed a bullish butterfly harmonic pattern on the 4H chart, leading to a massive rally above its nearest confluent price reversal zone (PRZ). Meanwhile, the TVC:VIX which has pushed well beyond its latest bearish harmonic pattern, has finally broken below it's nearest confluent PRZ with no more potential bearish patterns...
Using a harmonic pattern detection script developed by reees alongside RSI with a 15 minute timeframe, we see that AMEX:SPY has a huge upside potential to ~$588 while the TVC:VIX is showing that it has a high chance to sell off. With the RSI break above its moving average for AMEX:SPY and below the moving average for TVC:VIX , the patterns potential...
