Another ABC Bullish on Larger Scale

January 13, 2010 · Posted in ABC Bullish, Fibonacci Bands, Market Structures · 2 Comments 

Jan. 13, 2010 (Market Close)

Another spectacular ABC Bullish pattern with perfect targets at 162AB (1145). This ABC is computed on a little larger size. Today’s Morning sell off produced the 84.62% retracement into AB swing. Market structures (MSH, MSLs) were marking the entire ABC Pattern. The was not triggered until the price closed above MidBand (1133) at 0.38 AB Size. The first target was at 1139 (100% AB) and the next targets were 127AB (1141.75) and 162AB (1145).

ABCBullish_MSHMSL

ABC Bullish
Fib. Bands
Market Structures

Perfect ABC with MSL

January 13, 2010 · Posted in ABC Bullish, Fibonacci Bands, Floor Pivots, Point of Control, PriceProfile · Comments Off on Perfect ABC with MSL 

Jan. 13, 2010

This morning Es continued its Perfect ABC pattern from yesterday’s late-rally. Yesterday’s low (1127.75) was made outside the Fib. Bands. The ‘B’ pivot was made above the Mid-Fib.Band. A 83% retracement into AB produced ‘C’ pivot at 1128.5. These three pivots formed a ‘Perfect’ ABC Bullish pattern. The ‘A’ pivot is also strengthened by the Market Structure Low (MSL) pattern.

The Perfect ABC targets were at 100% of AB (1133) and 162% AB (1135.75). Prior to the open, ES was trading near ValueArea High and pHI cluster (1137), and this may be first resistance area.PerfectABC_Jan1310

ABC Bullish
Fib. Bands

Globex Pivots
Floor Trading Pivots

PriceProfile
Market Structures