Wish you all nice and successfull trading week.

Here is what I've been looking at the whole day. The .382 area was support overnight and got re-tested at the open. Easy setup and worked pretty good so far.

Marco! Thanks for starting this week's thread. Now that's what I'm talking about.

Yes, that's a nice setup, and there is a nice set line there, too. I'm getting a bit wary of the long side up here since we are so overextended, but the setup is a nice one outside of some possible 'context' issues.

Note that right here we have a 5-min ABCD at a .447 and line area. This will tell me a lot about the intention off of Marco's bigger setup.

Okay, get the obvious 1-min set on there for some clues right here...

That upper // is also very close to the obvious TL off of Friday's afternoon high, too.

Pop, goes the weasel.

Very cool action. Notice they pop it over the line and catch the stops, then it comes right back in to the line. Now we really see what they intend.

Price Action at its fullest

This could be a 4PT here, but the ABCD in the AB leg is not right at all. I rather suspect this will break down, or chop. But those end of day rampers are still hiding in the deep grass over there, so I'm just seeing what they decide to do with it. The main things I saw today were the big ABCD, and the second, smaller ABCD, both are in 'ride' mode.

Okay, after all this chop, that 4PT is playing out. The MRRD's are coming out from the tall grass to do a miracle ramp, it appears. Let's see :-)

Anyone happen to notice what happened when this hit the 1.272 off the 4 PT, which is also the POC and the DP? It stopped it dead. Maybe not for long, but the wild explosion just hit a brick wall and stopped dead at that point. Not very surprising.

And that's why I keep an eye on 1.272's, especially when supported by other work.

Yes on both, the small 1.272, and yes, the TL creep plays out once again. It's one of the most awesome observations I've ever made.