Chart Patterns Video for Apr. 29 to May 03, 2013

April 29, 2013 · Posted in ABC Bullish, Fib. Bands, Head and Shoulders · Comments Off on Chart Patterns Video for Apr. 29 to May 03, 2013 

HailMary Setup with ABC Pattern & SuperBars

May 21, 2010 · Posted in ABC Bullish, Fib. Bands, Fibonacci Bands, SuperBars · Comments Off on HailMary Setup with ABC Pattern & SuperBars 

Hail Mary pattern is one of the reliable pattern occurs on a late-day (after 3pm ET) sell-off days.
This pattern may be easily detected and traded using the ABC Bullish pattern rules.
This is also Perfect form of ABC Pattern and can be traded using SuperBars and other pivot levels.

The primary conditions to detect this pattern are:

1. Sell-off in the markets.
2. Fib. Bands show clear resistance at the mid-Fib. Bands for every attempted rally.
3. Price trades outside the lower Fib. Band to mark ‘A’.
4. Price trades above (or near) the mid Fib. Band to mark ‘B’.
5. Price makes another lower-high pivot below the mid-Fib. Band to mark ‘C’ with at least 62% retracement.
6. At least ‘B’, ‘C’ pivots must form after 3pm, if not all ‘A’, ‘B’ and ‘C’ pivots form after 3pm ET.
7. Trade using ABC Bullish pattern rules.
8. After triggering an entry, the price trades at accelerated pace, hence the Targets are reached quickly.
9. Must exit the trade by close of the day.


Here is today’s Hail Mary Setup in @ES.

After trading a high of 1088.75 by mid-day, ES started to sell-off. Every attempted rally met
with resistance at the mid-Fib. Band area. Around 3pm, price traded again outside the lower
Fib. Band to mark the ‘A’ pivot at 1068 level. This level was also supported by Value Area
Low (1068.5) and Previous Low (1067.25). About 3.30pm, price attempted to rally above
the mid-Fib. Band (1075.25) and quickly retraced back into the AB leg. At 3.40pm, the price retraced
over 62% and marked ‘C’ pivot to complete ‘ABC Bullish’ pattern. This ABC is also a perfect ABC Setup.
ABC Entry was set above 1071.5. At 3.44pm, price crossed EL with a strong Green SuperBar to signal
a potential ‘Hail Mary’ setup. Stop was set at 1069 with Target levels (62%, 100%, 162% of AB levels:
1073.75, 1076.5, 1081.).

ABC Bullish
Fib. Bands

Perfect ABC with SuperBars

March 15, 2010 · Posted in ABC Bullish, Fib. Bands, SuperBars · Comments Off on Perfect ABC with SuperBars 

This morning S&P Emini futures sold-off from the high of 1152 to 1136 level. Around 11.30am, @ES traded outside the extreme Fib. bands near 1136 and reversed its down-trend inside the Fib. bands. After lunch hour, @ES traded above the mid-Fib. Bands (1140.75) to form ‘B’ pivot and retraced below the Fib. Bands to signal formation of ABC Bullish pattern. The ‘C’ retracement (59%) was below the mid Fib. Band to confirm Perfect ABC pattern. The Entry Level for this Perfect ABC was at 1139.75. Price closing above the EL with a strong Green SuperBar and above the mid-Fib. Band signaled a clear entry into Perfect ABC around 1140.25. A Stop loss was placed around 1138 to protect the trade. Strong SuperBars suggested higher targets into this ABC Pattern as 100%AB was set 1142.5 and 162%AB at 1145.25.

ABCSuperBars_Mar1510

ABC Bullish
Fib. Bands

Symmetric Triangle Failure

January 22, 2010 · Posted in Failed Chart Patterns, Fib. Bands, Globex Pivots, SuperBars, Symm. Triangles · Comments Off on Symmetric Triangle Failure 

Jan. 21, 2010

Symmetric Triangles are continuation patterns and are very reliable. Very rarely (<20%) I have seen failures in Symm. Triangles. Today's @ES showed a methodical failure in Symm. Triangle pattern. Overnight trading range (Globex) was up as it traded Globex high of 1139.25 to Globex low of 1130.75. At the open, ES was trading near the Globex Mid level (1135). A series of Lower-High swings and Higher-Low Swings prices formed the Symmetric Triangle pattern. My first assumption was to trade the pattern from long side as trendline breakout above GBXHi: 1139.25. The prior trend before formation of the pattern is in uptrend. 4th swing in the Symm. Triangle was marked around 1132. Once price trades below the 4th swing point, it confirms the Failure of Symm. Triangle. Around 10.15am, price closed below 1132 triggering a Short and confirming the Symm. Failure. The Stop is set above the GBXMid and VAH: 1135. The range (SIZE) of the Symm. Triangle (1 to 2) is about 10 points. This is the target size from the breakdown level below 4 to 1122. SymmTriangleFailure_Jan2110

Perfect ABC Bullish Setup

January 7, 2010 · Posted in ABC Bullish, Fib. Bands, Fibonacci Bands · 4 Comments 

PerfectABCBullish_Jan0710
ES1220_Jan07102

A Perfect ABC Bullish is the best way to trade ABC Patterns. This morning @ES produced a Perfect ABC Bullish pattern on 1220 Tick chart. The result was excellent. Here is the description of the ABC Pattern.

1. Overnight (Globex session) produced a range of 1127 to 1134 in @ES, and traded relatively in steep downtrend. At the opening bell 9.30am ET, from the Globex Low of 1137, ES traded higher near the POC level of 1132. This produced the first leg (AB).

2. The Globex Low was printed outside the Fib. Bands. This may have been the first clue for a Perfect ABC. But completion of AB Leg may be stronger indication.

3. Price closed above the mid-Fib Band. This confirms the ‘B’ swing point.
4. Around 10am, market reversed and sold off to 1128 forming ABC Pattern. This setup has all inclinations of Perfect ABC, since A formed outside the Fib. Band, B- Above mid Fib. Band and ‘C’ is forming within the AB leg and completed at least 62% retracement.

5. Now to trade this ABC, I need price closing above the EL. EL was also near the strong cluster of pLow, S1 (1129 – 1130). If Price closes strongly above this range, it is a PERFECT ABC and can be traded upto 100% of its AB Range to 1133. Second Target may be set for 162% of AB at 1136.
6. About 10.45am, Price reached 1133 to make about 3.5 points profit.
7. Next target is set at 162% of AB at 1136.

ABC Bullish
Fib. Bands
Globex Pivots