back start next[start] [1] [2] [3] [4] [5] [6] [7] [8] [9] [10] [11] [12] [13] [14] [15] [16] [17] [18] [19] [20] [21] [22] [23] [24] [25] [26] [27] [28] [29] [30] [31] [32] [33] [34] [35] [36] [37] [38] [39] [40] [41] [42] [43] [44] [45] [46] [47] [ 48 ] [49] [50] [51] [52] [53] [54] [55] [56] [57] [58] [59] [60] [61] [62] [63] [64] [65] [66] [67] [68] [69] [70] [71] [72] [73] [74] [75] [76] [77] [78] [79] [80] [81] [82] [83] [84] [85] [86] [87] [88] [89] [90] [91] [92] [93] [94] [95] 48 Bearish AB=CD with ab=cdThe bearish AB=CD with a smaller ab=cd is also a clear indicator of a potential reversal. Stocks will frequently rally strongly but form a very distinct pattem that is exactiy like the following illustration. It might be difficult to believe that stocks can form such price action - but they do!BEAmSHAB=CD MINOR ab=cd WITHIN MAJOR AB = CDSELL AT POINT D!Once you are able to identify such price action, this pattem will jump out at you. Also, the convergence of two AB=CD pattems will clearly indicate the potential reversal zone. The best way to illustrate this pattern is to show an example.Apple Computer completed a nice AB=CD with another ab=cd. The major AB=CD reversed almost exactly at the projected completion point. The major AB leg was 18 1/8 points, while the CD leg was 18 13/16 points. This large pattem had a nice ab=cd pattem as well. Altiiough this pattem was not exact, it was still harmonic. The smaller ab=cd pattem converged at projected completion point for the AB=CD, but it required an altemate calculation. The ab leg was 12 13/16 points, while the cd leg was 165/16 points. The reversal occurred exactiy at the 1.27 of the ab leg at 47 5/16!©BigCharts.comAAPLE COMPUTER (AAPL): DAILYAB4CD WITH ab=cd)) Jun Jul Aug Sep Oct Hou Dec 99 Feb Mar When two AB=CD pattems converge, the probabiHty for a reversal is very likely. Although the smaller pattern required an altemate calculation, the harmonic projections still indicated that Apple was a potential sell around 47.This set-up was harmonic because the two AB=CD pattems were distinct and generally symmetrical. Although I consider the larger AB=CD to be a more significant harmonic number, the smaller ab=cd complemented the set-up very well. It is important to recognize these situations; as such a convergence of pattems will indicate great opportunities for potential reversals. In this case, Apple sold off sharply in the weeks following the reversal.The next chart of Wells Fargo is absolutely phenomenal! The stock has two ab=cd pattems within the large AB=CD. As you can clearly see, this daily chart has several distinct AB=CD pattems that are all closely equivalent.WELLS FARGO (WFC): DAILY BEAMSH AB=CD WITH ab=cd0BigCharts.comThis is another beautiful chart to study. Almost every price move generally adheres to the AB=CD pattem with distinct rallies and declines. The price legs of the larger AB=CD pattem are approximately 13 points. The smaller legs, although not as equivalent as the larger pattem, are roughly 9 points. These projections indicated a selling opportunity in the low to mid-40s. The stock reversed just shy of 45 at 44 7/8.[start] [1] [2] [3] [4] [5] [6] [7] [8] [9] [10] [11] [12] [13] [14] [15] [16] [17] [18] [19] [20] [21] [22] [23] [24] [25] [26] [27] [28] [29] [30] [31] [32] [33] [34] [35] [36] [37] [38] [39] [40] [41] [42] [43] [44] [45] [46] [47] [ 48 ] [49] [50] [51] [52] [53] [54] [55] [56] [57] [58] [59] [60] [61] [62] [63] [64] [65] [66] [67] [68] [69] [70] [71] [72] [73] [74] [75] [76] [77] [78] [79] [80] [81] [82] [83] [84] [85] [86] [87] [88] [89] [90] [91] [92] [93] [94] [95]