Scott Carney trade review of Bearish Crab in SP500 using RSI, trendline to execute and manage PROPERLY MEASURED HARMONIC PATTERNS!
December 20th, 2015 In this report: Standard and Poor’s 500 W.T.I. Crude Oil Euro/US Dollar British Pound/US Dollar FTSE 100 The Year that Wasn’t… Despite the long-term presidential and decennial patterns that were supposed to bring positive returns for the
Scott Carney reviews THREE HARMONIC PATTERNS in a LIVE TRADE of AUDUSD that completed at the same price. He discusses a simple strategy of monitoring reversal trendlines to define the proper expectations for trade management.
Scott Carney reviews a live trade from the www.FormationSeeker.com software chat room where he traded the AUDJPY after the big Fed announcement. He outlines the importance of differentiating the first time a pattern completes known as a Type-1 reversal versus
XLF, the banking sector ETF, is in a retracement mode of a Bullish Butterfly and approaching a symmetrical target at 24.54. Due to expansion of price, there’s a probable stall or snap back to the initial support test at 24.27