5 point pattern trading

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
 

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Quote from phillyflipper:

Moderator , I am being harrassed by this poster. I am not selling anything I am just trying to post trading ideas to the community
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lol wow. You don't belong online
 
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. And there is an external extension of BCD that stops at the 1.618. With all that being said the point is that the markets could be getting ready to reverse in this general area of 1375 to 1390. I for one would lighten up on long stock positions
 

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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.
 
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