GTXI GTX inc. Bullish Gartley pattern. I have no idea what this company does, but this pattern suggests a move to the upside. This is a 60 min chart. stop needs to be below 16.00
ME Mariner Energy. If you are long this stock you could be in for a fall. We have a bearish Gartley pattern. If you short this, 25.50 should be the stop which can be adjusted as the trade progresses
MCO Moodys Corp. On the weekly chart we have a bullish butterfly pattern. this weakness may be a buying opportunity. you can see if we can pull back closer to point D(42.65). Stop needs to be below point D
ES 1MINUTE CHART. For those who like to trade after hours we just got a bullish signal on 1 minute ES chart. We may or may not get a pullback near point D. this is a bullish Gartley pattern
If anyone took this trade long at 1505.50 tighten up your stops because we could be going for another pattern on the 5 minute chart which can take us down to 1499 area
Possible Bearish continuation on this bearish Crab pattern that completed at 14:20 CST at 1475.00 which was right on the 1.618 extension of XAB A break of 1475 not good. For those inclined for overnight trading this can be a possibility. Good trading
That chart i just posted is a 15 minute chart not my usual 60 minute or daily, so if something is going to happen it should happen more quickly within that time frame
I forgot to include the volume on the last chart . I want to point out the high volume on the 2:45 CST bar that encompasses 1466 to 1473 prices. Everyone who bought at these prices near the end of the day are potential sellers now if price moves against them in the overnight session
one other thing. If you count the bars from X to A you get 25 and the count from A to D is 50 which is 2.0 times XA and 2.0 is a strong Fib reversal number. This shows symetry in time as well as pattern symetry