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Strategies & Market Trends : Harmonic Trading with The Phoenix
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To: the-phoenix who started this subject5/21/2003 9:59:45 AM
From: the-phoenix  Read Replies (2) of 941
 
There are three legs of a bearish gartley or butterfly now formed on the ES 5 minute chart since yesterday's noontime high of 924.75. The pattern implies a move to 921-922 for a gartley or up to 928 for a butterfly. A break below 913 probably invalidates the pattern, but the risk reward from right here (914-915) is excellent.
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