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JI
jimkane
Rep: 3,058
Posts: 33,089
Any chance of more than one or two people in this topic for the whole week?
JI
jimkane
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Posts: 33,089
Watch closely...
ER
EricD
Rep: 63
Posts: 692
seen that ,,if we make a new high at the 1.27 and back off is tha taclue that we will be going back down to 57.50?
JI
jimkane
Rep: 3,058
Posts: 33,089
Well, it's tough to say where it may go, so for clues I am more looking to understand if it is still following the current premise, in this case up impulsively off the key area at the LOD. It hit into an area where that move may end. So to manage a long I want to see how it handles the various areas on the way up. And if I have an area for a short, I want to watch that because perhaps I want to be on that side.
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jimkane
Rep: 3,058
Posts: 33,089
The really curious thing is how the area stopped this dead and caused it to chop. I think it is most likely a complex W4 type of thing here and it will burst up and over the area, but the way it stopped it like a brick wall is very noteworthy. Now I just wait and see what it ultimately decides. It is an area worthy of respect.
ER
EricD
Rep: 63
Posts: 692
ok,,watching the little ABCD here at 58.25-57.
JI
jimkane
Rep: 3,058
Posts: 33,089
Yes, at a .300 and .382 with a key line. It may come in more than here at this .886 ABCD, but shouldn't trade into those previous highs at say 57.75. If so, the strong impulsive nature is shot.
ER
EricD
Rep: 63
Posts: 692
looks like trendline creep on 3 minute
ER
EricD
Rep: 63
Posts: 692
nice ..really nice
JI
jimkane
Rep: 3,058
Posts: 33,089
That area I mentioned, with the VAH in it, was exceeded by one tick to 61 (I wasn't trying to hit it that close anyway, just point out the meat of the center of the area to watch) is just giving this thing fits. Very cool.
JI
jimkane
Rep: 3,058
Posts: 33,089
Note there is a bigger ABCD here at the most key line and a small higher low now, so watch this to see if it can launch this possible W4 up and over. They have to reveal their hand very soon in here I think.
JI
jimkane
Rep: 3,058
Posts: 33,089
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.