Candle Pattern


ES 15min. @ 8:30 bear harami / 9:15 bear engulf / if we
close above could be a further move up
Hey JCX;

I've had that area on my chart for quite awhile. It was interesting
we hit it right at the end of '09
Originally posted by redsixspeed

I cal. longer term fib areas using four different sets of #s.
Those #s gave the following 50% fib retrace #s:

1126.25 / 1125.25 / 1121.37 / 1119.00

1119.00 is the boss imo.


Bounce off that 1119.00. If 1119 is the boss where will it go
if we break under that
OK; as I type this @ 8:07 est 2/18/10. News in 20mins. We have
a very good bull candle pattern in the ES. See the 5min. candle
pattern @ the 7:15 & 7:20 candles. This is the "counter attack".

With news out in a bit, we'll see how this plays out
Well we see how that played out. Did the pattern fail
No.

Remember what I posted awhile back:
http://www.mypivots.com/Board/Topic/4072/13/candle-pattern

post 6/10/09 ... post #5 on this page I think
We have a bullish "seperating line" which is a continuation pattern @
5min. candles 12:35 & 12:40 on ES.
1101.50 is an r1. Hope we can move thru this. Next r1 1102.00

I came over on the ark, have two of everything
1103.75 r2 next r2 1104.75
kool hit it early
lol
1107.75 & 1109.50 are on the radar. We'll see
got all these pivot areas under us. We'll see how good they are for support
I don't trade with MAs ... but recently I started looking at them .. I have set up a quad chart with different time frame of MAs .. Today at 11:30am et. all four MAs came together and in fact price hit them about the same time .. I just got started with this so I'll post what I see from time to time .. looks good so far .. My intent is to use them as a confirming tool not a primary ...