Reversal Patterns

Just thoguht Iwould show the AB=CD patterns on a smaller time frame. This is KLAC i didnt draw out the retraces or extensions.If your familiar with the math and patterns you'll understand the chart.
 

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Q's oh Q's This one I will play in the options market when it hits its target. until then I will sit back watch and analyze. A friend said to me once 7 out of ten times your wrong. Perhaps he is right! But the 3 times your right let it run it makes up for the other 7....... Just a thought this is not a suggestions for people to start talking about who makes more, who has better wins ect.....I could care less. Overall thank you to the people that have not posted annoying comments on the journal...,. To the people who did post to me on the journal and sent PM's I thank you for the serious questions and conversations. I hope to have more.

Regards,

Gart


P.S. Good luck to all in the trading world.
 

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I am sure many people use MACD. There was even a thread on it here. Thought I would through AVNX out there based on the MACD status. It worked well with the sell off lets see about the buy.
 

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KLAC might keep going lower if I am right I believe the target would be the 1.618 extension versus the actual target price, however the target price should always be kept in mind.


Good luck trading! Hope the journal has been useful to some of you!
 

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Gold in general has taken some hit. I believe it is another good time to buy more. For instance GOLD a stock i prefer is forming a nice gartley into a double bottom. Hope trading is going good for everyone.


Gart
 

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Very interesting anothe call gone good. The Q's fell as suspected and near a target buy, but is it a buy? Well time will tell i will trust the pattern.
 

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