Any chance of more than one or two people in this topic for the whole week?

Careful here...

It must prove itself right in here.

Outside of the methodology work, look at say a 15-min all-sessions chart (showing GLOBEX) and look to the left at the data from last night. Tough area it has to overcome.

i am looking at 28 area and then 33-37

Well, this little potential bullish ABCD here on the 1-min is the first place to look for clues. I think it is possible that's all they have.

I'm curious to see if this tick chart ABCD with an ABCD in the BC leg in crude can push another leg up.

Nice reaction so far. But, why am I curious about this particular tick ABCD?

watching for it..

quote:

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Originally posted by jimkane

I'm curious to see if this tick chart ABCD with an ABCD in the BC leg in crude can push another leg up.

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This was a bullish ABCD at the 13:40 low of 69.38, that has already played out, in that it has hit the 1.272 off the pattern (within 3 cents).

And look at what happens after that! Ah, I love price action.

The ES is also weakening off the area there, but now watch this new, slightly bigger bullish ABCD for the next clues.

Interesting, a little ABCD fake up and then they dump it. I don't put too much stock in what happens here, but it would be curious if they could get it back to the RTH LOD.