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JI
jimkane
Rep: 3,058
Posts: 33,089
Does everyone see the big flat (actually a slightly tilted up) ABCD that just started to roll off the .685 almost to the pip, right at a key line? Is this a W2 leading to W3 (or a CD leg) for a monster move down now as the USD squeeze starts and the market dumps off the end of the bear market rally? The traded timeframe is actually just under a monthly. Things sure are set up for a huge sea change. Now we see. All I can say is that for me looking to be short side Euro and ES and long side USD is surely a reasonable premise. If it is to play out the market should roll soon, or give one more last dying gasp up to a 1.272 off this latest ABCD, and then that's it. I'd much prefer that we are in W2 on the way down now, but we'll see.
MR
mreiserer
Rep: 110
Posts: 2,220
yup, it's a key spot.
DU
Duane
Rep: 100
Posts: 1,095
Nice, Thanks Jim

How about one posting one of those sweet charts of yours
It's gotta be easier than typing!!
DU
Duane
Rep: 100
Posts: 1,095

Jim, how many weeks has this set been on your chart?


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JI
jimkane
Rep: 3,058
Posts: 33,089
That's the one. Been waiting a long time for the sea change in the USD. So, this has been on my chart going on a year now...