5 point pattern trading

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phillyflipper

i am going to share stock trading ideas based on 5 point patterns that incorporate Fibonacci retracemrnt levels. I am doing this to help my own understanding and to be accountable. I am not selling anything. Let's see if there is anything to these patterns. There are other patterns on the thread "Boston Scientific ready to rock"

HOTT hot topic I know nothing about the stock I just look at the pattern Please note this is a weekly chart. I will be showing 60 minute, Daily, weekly, and monthly time frames
 

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abbi abraxis bioscience....bullish completion at D stops should be used below pt D. Understand that a break below D is trouble

this is a weekly chart
 

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i am showing this chart to show what can happen even though we go 1 point below Bullish point D. This could get you in trouble
because of the retest of point D. It is surprising how that area holds up. no way to know How any instrument will trade after it hits point D but we know we need to buy as close to point D as possible
 

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ess

That was hilarious. Still laughing.

Philly,

Interesting charts and analysis. Keep 'em coming, I look forward to new ideas and fresh perspective.
 
On this Abbott weekly chart, the pattern is bearish at point
D. It sold off just a little then broke to the upside. this is a failed
short pattern but the fact it failed reveals the strength of Abbott and we see now point D is acting as support
 

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phillyflipper,

Thanks for sharing. Could you take a moment to note what the specific pattern is that you are looking for? Thanks again.
 
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