moleman340

moleman340

I am long this stock since Dec. '23. For the last 12 years CERS has behaved in a cyclical manner. I plotted multi-pivot and maximum excursion lines in solid and dashed yellow. These lines conservatively characterize the range's boundaries and reveal that it's expanding. The black 2.5 year down trend line has been violated and retested. I plotted a down sloping...

moleman340 Updated 

I have plotted a large Bull Bat pattern that merely yielded a natural harmonic reaction. News of a reverse split and a dilution deal with the enemy have caused the move to new all-time lows. Despite this, the large Bull Bat pattern is still in play. Note the Bull Shark(blue), Bull 0.618AB=CD(pink) and Bull AB=CD(teal). The natural levels found within each distinct...

moleman340

Price is apparently locked in a Harmonic Range; the most profitable environment for harmonic traders. From the July '23 top, price printed a 0.618AB=CD(orange) and immediately had a natural harmonic reaction(NHR); which is the high probability minimal reaction one should expect from a Type1 harmonic pattern entry. After turning and creating a false support...

moleman340

This powerful setup is for the patient believer only; no frenzied high-flyer here. I have plotted a large weekly Bull Alternate Bat. There are two distinct inside patterns embedded within this pattern(Bull Crab & Bull Deep Crab). The ideal entry based on these patterns was @12.73 in Nov '23. I have also plotted a Modified Schiff Median Line set and a 2+ year...

moleman340

I went long @ 28.45 yesterday. This pattern should be treated as a reaction; the Natural harmonic Reaction to the .236 retracement is the most likely outcome and is in fact a high probability trade. This patterns structure suggests that a move to 2.54-2.91 is certainly possible. I contend that that will not occur until the pattern at very least yields a NHR....

moleman340

After completing a 105 bar Bear Butterfly(purple), price had a deep reaction to T2 as it printed a 65 bar inside Bull Butterfly(teal). A strong reversal has led to the printing of a 107 bar Bear AB=CD(fat orange) and it's corresponding Entry Confirmation Line(fat orange horizontal). I have plotted a relevant upsloping Median Line set and a potential downsloping...

moleman340

Price printed an Entry Confirmation line(horizontal fat purple) and after a morning pump tested the line finding support near the lower keltner channel and near several potential support lines. It rallied hard the next bar; closing above the ECL. An hour later it is retesting the ECL and I went long with an average price of 45.31. Price is now near an...

moleman340

I am waiting on this Bull Reciprocal AB=CD for an entry confirmation line to print. Once it has, a test and re-test of the line is the trigger to find a long entry. This type of vetting process provides more certainty about the presumed pivot at the cost of sometimes missing the entry. In contrast, the harmonic stalker's faith-based entry occurred below the PRZ...

moleman340 Updated 

This is an intriguing chart to me. Clearly the Bull Reciprocal AB=CD pattern, aided by the earnings announcement, yielded a major extreme impulse wave that met all of it's price targets. Price printed a counter-trend Bear Crab pattern and an entry confirmation line. Within a few bars, price quickly reacted to just beyond the Crab's .236 retrace level; completing...

moleman340 Updated 

On July 21, price made a successful test and re-test of the Schiff Median Line(black) and rallied to new highs. It has now printed four distinct bearish harmonic patterns. Note the overlapping PRZ's and the price rejection @ 102.43(HOP level of the .618AB=CD). I have plotted the NHR levels(purple dotted) and targets for the Crab patterns(green). I've also...

moleman340

Price has collapse in a unusually orderly manner; staying within a six month long channel. A Bull AB=CD has printed. A more conservative stop can be used. I chose a 5:1 to compensate for the risk of this pig going under. If speculators lose their minds over this sector again, a move to target 1 may occur. DYDD

moleman340

Bullish complex harmonic pattern + median line test/re-test long entry. Target = center line or T1 & T2 Aggressive stop-loss used to obtain a better than 4:1 risk vs. reward DYODD