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Strategies & Market Trends : Zman Market Timing

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From: humble14/23/2018 2:57:21 AM
   of 15903
 
Message 31583331

H1 Pattern Recognition Bulletin

Whether you call it a pennant, a coil, or a triangle: this pattern is a classic and a beauty. It has been written about since the 1930's. I am using the 3/27/17 low of the parabola at 2322 as the starting point. It projects to SPX 3000, an H1 Confluence Target that I have been posting about using my own system. Other starting points will produce higher targets, but there is no reason to think about those until we see how SPX acts at 3000. Anything higher will have to be supported by seasonals, confluences, etc.

So, first things first. The first thing is SPX 3000!

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