LNG developed a very strong geometrical pattern with the
following ratios:
A=D
CD= 0.382 XA
CD= 0.764 AB
CD= 0.5 BC
These relationships are showing that LNG is really very strong
and most probably has finished the correction. I am looking for the
next breakout next week.
on the daily chart we have also formed a very nice base for a
nice entry point on friday. I assume that on monday we will start a
new upleg. My next target to reach is $6.35 (point D) correcting to
$5.72 (point E) before going to about $7.20 (point F).
I am not looking for channels break or similar techniques. I am
trying to pick it right at the bottom, when i can identify a strong
harmonic pattern. The desicion to go long has been made at $5.12.
At this point my pattern has been completed
the pattern is getting much weaker. I would be concerned if
the XcD Retracement exceeds 0.618 ( at the moment it is 0.382). But
it`s looking good so far, beautiful relationships.
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LNG bullish Pattern
Posted by joseph1 on 18th of Dec 2010 at 04:58 pm
LNG developed a very strong geometrical pattern with the following ratios:
A=D
CD= 0.382 XA
CD= 0.764 AB
CD= 0.5 BC
These relationships are showing that LNG is really very strong and most probably has finished the correction. I am looking for the next breakout next week.
LNG Price Projections
Posted by joseph1 on 19th of Dec 2010 at 04:36 am
on the daily chart we have also formed a very nice base for a nice entry point on friday. I assume that on monday we will start a new upleg. My next target to reach is $6.35 (point D) correcting to $5.72 (point E) before going to about $7.20 (point F).
LNG nice breakout today
Posted by joseph1 on 20th of Dec 2010 at 01:51 pm
My view on LNG.
Posted by attila on 20th of Dec 2010 at 03:01 pm
Needs to overcome upper trendline I think.
LNG nicely broke the upper trendline, LAST $5.56
Posted by joseph1 on 20th of Dec 2010 at 04:11 pm
I am not looking for channels break or similar techniques. I am trying to pick it right at the bottom, when i can identify a strong harmonic pattern. The desicion to go long has been made at $5.12. At this point my pattern has been completed
LNG Thanks for posting
Posted by snowcrow on 18th of Dec 2010 at 06:41 pm
Thanks for posting-- it gives me hope. I didn't take profits on the last rise.
If the retracement continues...
Posted by joseph1 on 19th of Dec 2010 at 02:34 am
the pattern is getting much weaker. I would be concerned if the XcD Retracement exceeds 0.618 ( at the moment it is 0.382). But it`s looking good so far, beautiful relationships.