Long term charts leave little doubt about the importance of the current levels:

Hmmm, very curious action. Again, my mentor students should recognize what just formed in the price action on the 1-min. This gives us something to watch for a reversal, or failure, at this area.

quote:

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Originally posted by EricD

really junk right now

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Yes, for me the only thing is to be on the short side off the area and just letting it play out, or not. I can't see anything else here at all to do besides sleep at the screen (except perhaps having passed on that area and just standing aside in here). On the other hand, a trigger in here for more long side could be a premise.

maybe some traps at the 91-89 area..just watching

Keep in mind, I'm just throwing out possible ideas, which if anyone has anything to say on them, that's what generates good discussion. Like, for example, what's good and bad about a long premise here off this area? What's good and bad about short off the HOD area we were looking at? You don't have to post all your thoughts, but at least my hints should get you thinking about this. It's good setup and especially 'context' practice.

And by 'you' above I mean all the forum members.

quote:

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Originally posted by jimkane

Yes, for me the only thing is to be on the short side off the area and just letting it play out...

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So far, so good.

Watching right here very cautiously, at this .447 area.

Showtime. Suh-weet. Let's see if that's the snap fake, or truly taking out that .447.

i think one more push Jim..

Watch 88 + or - next very closely.

No matter how he tried he could not break free...

Pink Floyd

Sunday night should be very interesting, with this trapped rat coil right in this key area. I hope everyone is able to put the work together to see this. It's an insane X marks the spot ABCD.