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Bronco Capital's ABCD Harmonic Pattern Journal 94 replies

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The Bucking Bronco

  • #1,561
  • Jul 4, 2019 3:25am Jul 4, 2019 3:25am
Done. No, I can't sell this move. Not now.
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  • #1,562
  • Jul 4, 2019 3:37am Jul 4, 2019 3:37am
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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  • #1,563
  • Jul 4, 2019 3:43am Jul 4, 2019 3:43am
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
...
  • #1,564
  • Jul 4, 2019 3:44am Jul 4, 2019 3:44am
I highlighted them levels on the chart. Opposite trenches.
It's the same situation as on DAX.
To me (Mr No One)
  • #1,565
  • Jul 4, 2019 3:47am Jul 4, 2019 3:47am
Line of fire
...
  • #1,566
  • Jul 4, 2019 3:50am Jul 4, 2019 3:50am
Quoting Piquant
Line of fire
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  • #1,567
  • Edited 4:19am Jul 4, 2019 3:54am | Edited 4:19am
DAX m1... The Battlefield. Bears in advantage!
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  • #1,568
  • Jul 4, 2019 3:59am Jul 4, 2019 3:59am
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.
  • #1,569
  • Jul 4, 2019 4:17am Jul 4, 2019 4:17am
but I see supports horizontal 661, 630? and diagonal down line acting as a support.
acceleration up trend line broke now a resistance
...
  • #1,570
  • Jul 4, 2019 4:22am Jul 4, 2019 4:22am
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.
  • #1,571
  • Jul 4, 2019 4:31am Jul 4, 2019 4:31am
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...
  • #1,572
  • Jul 4, 2019 4:35am Jul 4, 2019 4:35am
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  • #1,573
  • Edited 5:08am Jul 4, 2019 4:49am | Edited 5:08am
(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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  • #1,574
  • Edited 5:23am Jul 4, 2019 4:51am | Edited 5:23am
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.
  • #1,575
  • Edited 5:25am Jul 4, 2019 5:12am | Edited 5:25am
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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  • #1,576
  • Jul 4, 2019 5:19am Jul 4, 2019 5:19am
Feeling your perplexity, I show myself completely and in depth.
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  • #1,577
  • Jul 4, 2019 5:33am Jul 4, 2019 5:33am
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
...
  • #1,578
  • Jul 4, 2019 5:38am Jul 4, 2019 5:38am
21.670 seems my border. (with the benefit of 21.667)
Now I'm curious.
But market is now lethargic.
  • #1,579
  • Jul 4, 2019 5:45am Jul 4, 2019 5:45am
Line of fire H&S and W
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  • #1,580
  • Jul 4, 2019 5:50am Jul 4, 2019 5:50am
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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