Recent content by phillyflipper

Comcast was sold this past Friday at it's previous high back in 2007 . We also have a bearish outside daily bar . Looks good for a short trade on Monday. Could get a 50% retracement of the outside bar unless they sell it pre-market. This is a daily chart. Possible move is to wave 4 where...

This pattern is still in play to the short side. A sharp break of 1245 can take us to 1150 in the near term. we are sitting on the edge of the cliff. For the record, I do not have any positions on. We are at a very critical area. Be careful.

We have a potential Bearish Gartley pattern on the Monthly ES chart. The symetry of XAB stopping right near the .618 and XAD so far stopping very close to the .786 makes this a very interesting time for the markets. We do not have AB=Cd but we have CD being a little more than.618 of AB...

this pattern may stick a fork in CMG....ot could be done

We have a Bearish Bat pattern on CMG daily. The XAD leg extended to the 0.886 . Scot Carney recognized the Fib symetry of this pattern XAB stops at the 0.50 and XAD completes at 0.886 If this pattern plays out it will not bode well for CMG

HERE IS A POSSIBILITY. AT THE LEAST, 1250 SHOULD OFFER STRONG RESISTANCE, HOWEVER, IF IT BECOMES SUPPORT THEN 1340'S IS POSSIBLE FROM A WAVE COUNT OFF THE BOTTOM ON SMALLER TIME FRAME

IF 1250 HOLDS AS RESISTANCE YOU MAY HAVE A SHOT AT YOUR 1200. iF 1250 BECOMES SUPPORT WE MAY GO TO 1340'S

Good eye traderHG....It did morph into a butterfly but I did not notice it. if we retrace back up to .618 (1188.50) area it can be attempted short

Short trade entered 1185.00 Stop 1186.50

we have a bearish gartley pattern setting up on the 24hr s&p e-mini. Point D will be 1185 if we get there for a short trade. The risk is clearly defined by the new high yesterday. If we break above the new high, the trade is broken. Reward can be a break of point A at 1167. Small...

we have dueling patterns. Both patterns have performed well in their own right. They provide referencce points .

mark, i do use other methodologies to trade price action, but when i see one of the 5 point patterns i pay attention. there was a bearish Gartley pattern back on 7/27 -7/28 which started at 1118.75. Looks like we may challenge it today.

no good reason why so long between posts. I had some es videos not too long ago.