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Bronco Capital's ABCD Harmonic Pattern Journal 94 replies

Attachments: The Bucking Bronco
Exit Attachments

The Bucking Bronco

Done. No, I can't sell this move. Not now.
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Quoting Piquant
{quote} I didn't detect any clear directional move today on Nikkei *according to my* rule or is my rule not good enough again ?!
My broker Nikkei.
I would say: Retracing in a Bull Trend. Apparently forming a H&S around 21.700

Not so easy to judge... a lot of buying and selling is going on.
Now I'm very interested in following the development.
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Quoting Jupiter
{quote} My broker Nikkei. I would say: Retracing in a Bull Trend. Apparently forming a H&S around 21.700 Not so easy to judge... a lot of buying and selling is going on. {image}
looked untradeable to me
didn't see a signal on both end.
only saw half signals and some conflict at 683.8 other than that I've been snoozing.

654 double bottom on 5min ?
I can't see bears on my immediate top on 5min maybe zooming out will reveal more.

so I wasn't completely off
Tape reading is an ART
I highlighted them levels on the chart. Opposite trenches.
It's the same situation as on DAX.
To me (Mr No One)
Line of fire
Tape reading is an ART
Quoting Piquant
Line of fire
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DAX m1... The Battlefield. Bears in advantage!
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It all depends. Which trend do you wanna cope with?

But it must be clear in your mind!!!

In both these analysis I tried to respect the respective H1.... UNTIL NOW under the actual pressure.
but I see supports horizontal 661, 630? and diagonal down line acting as a support.
acceleration up trend line broke now a resistance
Tape reading is an ART
Of course the reason of all this mess is the two big GAPs, on DAX and on Nikkei created by the Bull violent rise.
Now the Bears wanna close them and they push the price down, relentlessly.
Quoting Piquant
but I see supports horizontal 661, 630? and diagonal down line acting as a support. acceleration up trend line broke now a resistance
Show me where, if you like to... let's see what I can do...
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Tape reading is an ART
(My) Nikkei H1

Already told you, if I may and with all the due respect: draw the TL correctly.
Question of millimeters and everything changes.... LOL

Mixing the possibilities we have this scenario.
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Quoting Piquant
acceleration up trend line broke now a resistance
It is always difficult to have this sort of conversation... written!
It will be a sec, live in front of a screen.
It is a moment of relative strenght evaluation.
As I said trend is up and market retracing.
We had that failure to go down
And yes we have that break up.

Bears are now trying to force an H&S... trying, pressing... I don't know what it's going to happen next and I don't try to predict it.
I'll send a scout to investigate! LOL

In any case...
Diagonal TL are the most subjective.
And in any case Market is free to do what she wants ... we can't put her in a cage with our lines.
Summing all up... on the Nikkei H1.
The battle now is inside the POSSIBLE right shoulder of a POSSIBLE H&S against the FAILURE in making a new low.
(If... the... Otherwise.)

Hope I made myself clear.
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Feeling your perplexity, I show myself completely and in depth.
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Quoting Jupiter
Hope I made myself clear. {image}
Thanks!!

H&S below the M under a new down TL against HL.

Bears are forcing a H&S - I think I see what you mean

Quote
The battle now is inside the POSSIBLE right shoulder of a POSSIBLE H&S against the FAILURE in making a new low

I see something inside the right H&S on 5min
Tape reading is an ART
21.670 seems my border. (with the benefit of 21.667)
Now I'm curious.
But market is now lethargic.
Line of fire H&S and W
Tape reading is an ART
Quoting Jupiter
But market is now lethargic.
An horrible series of "Four Prices Doji" on my m1.
9 minutes on the same price.
No movement at all.
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