Okay, folks, we need to get organized. Let's drop the old topic for the ES 4-Point CP and start a new topic each day for ES discussion (and we can discuss TF or whatever in the same topic). This way, if we want to go back and look at postings for a given day it will be easy to find, and we won't have a topic with a zillion pages on it. If no one wants to post on a given day, fine. But we'll have a topic if anyone wants to. Sound good? Here's our start for Monday, and I'll try to start a new one before each day. If I forget, feel free to start one, but use the same title format as I used here, please.

ominous bearish cup forming TF 3 min

I know this is coming off a big pattern, but that's a sweet looking ABCD right here

I've coined a new acronym: HC, for 'heinous chop'. Notice the HC dead at the ABCD M mentioned. I think it will blow out to the upside, but it does tell us it's a battle between timeframes.

This is a near perfect setup, too, with key Fibs and key lines.

it's not acting like they are going to let this go

quote:

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Originally posted by jimkane

This is a near perfect setup, too, with key Fibs and key lines.

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Too perfect maybe

now that's just nasty

When you have HC in the PTA, that's a big clue.

When you see that, among other things that can happen, you will almost always have a 'stop sweep', usually both ways.

now a small ABCD to resume uptrend?

Here was the TF setup