Dr_Gonzo

Dr_Gonzo

Waiting for completion of bullish Yellow Gartley and Bullish Cypher pattern - Buy from 2.70-2.65 Lower green, blue, and yellow areas signify valid ranges for the final legs of the Long term Gartley and Butterfly . This is strong buy area. Look for shorting opportunities up around where the potential Blue bearish Gartley and Green Bearish Butterfly will...

Dr_Gonzo

SPY not showing strength . Bearish Gartley has completed. Any run ups into the 1.618 extension should be sold. This will still be valid Gartley territory. Divergence on the RSI On Balance Volume has not been able to make up volume lost from last week and has broken it's short term trend line. MACD crossover and short term momentum has swung to the downside.

Dr_Gonzo

Keep your eyes on the 229-232 range for short opportunities

Dr_Gonzo

Bullish Gartley complete, final C/D leg could still drop a few more. Potential Cypher Waiting of confirmation for last legs on larger bear Gartley and bear Butterfly.

Dr_Gonzo

LTC moving into 3 potential reversal zones. Stops should go in under the low of 2.49 Highlighted rectangles denote valid price ranges for patterns.

Dr_Gonzo

We're in Gartley territory right now. and struggling to break the 1.27 extension of the A/B leg. Potential completion of Bearish Bat pattern to form around resistance and 1.414-1.618 extension of A/B if Gartley is invalidated. RSI wont reach overbought. Look for an exit from 60-65 MACD losing steam.

Dr_Gonzo

Looking for completion of short term Cypher or Shark with confirming move upward, and completion of mid term Max Butterfly or longer term Max Gartley at previous support. Circles denote valid price range for pattern Current orders: Buy 2.57 - 2.67 Stops 2.47 Target 1 3.15 Target 2 3.25 Sell 3.15 - 3.25 Stops ...

Dr_Gonzo

Possible resistance levels for LTC

Dr_Gonzo

Possible support at 150.00 going back to 4/26/2013 1.27-1.618 extensions of the previous 211.00 bounce are resting between 180 & 160 Convergence of the .786 and .86 retracement from the flash crash to previous high PRZ $150-$185

Dr_Gonzo

Non Ideal Butterfly .68 Retracement of the XA .63 Retracement of the AB (would've liked to see .886) AB=CD Invalid D Extreme extension near the 2.24 of the BC D = 1.27 of the XA Convergence of the 2.24 & 1.27 = PRZ RSI Oversold Long Target 1 0.618 of the CD Long Target 2 0.786 of the CD

Dr_Gonzo

Monthly Chart. Dow struggling to break 1.618 extension of 1975-2000 run up, AND 1.618 extension of the 2000-2007 run up, AND the 1.618 retracement of 2007-2009 crash. RSI exiting overbought, MACD crossover and divergence.