I’d be impressed if the bears were able to deck OPEX — the perennial champ — and let the H&S pattern play out just yet. But, here we are, at the bottom of the nice little channel that’s guided the upside since 1357 on April 10. I suspect the sell-off will be limited to 61.8% … continue reading →
Tag Archives: crab
Where there was once a falling wedge, there is now a channel. The April 10 breakout that looked so promising completed a Bat pattern and promptly reversed nearly 61.8% of the move from the 13.66 bottom. Is this the end of the ride, or are there bigger and better things in store for VIX? I … continue reading →
ORIGINAL POST: We’re finally seeing reactions on the harmonic pattern completions we’ve been watching for what seems like forever [see: Everything’s Coming Up Crabs.]RUT completed a Crab Pattern (in red) within the last leg of a Bat Pattern (purple) off the 2011 highs. It never has cleared the TL off the May and July highs. … continue reading →