Here are my lines for today:

I already wanted to post something like: "I bet Jim had a setup at recent LOD" while I saw your last post. Good Lord - I forgot the commentary. Chapeau bas !!!

Watch 76 and 79 next (if this can even get off the floor...).

And where else then up could it go after a 3-4-5 sequence right into the heart of your area posted in the commentary?!

Originally posted by jarek

Originally posted by jarek

... Not a good sign for bulls:

And yet after reaching 1.272 of that ABCD to the tick it is bouncing up strongly. This could be a 3-4-5 sequence or a bigger ABCD is forming

Great chart (it was what I was looking at there), and analysis. Combine this with my area, and you can see it 'should' 'see' this and bounce strongly. Imagine if it doesn't. If this pattern and area fails, watch out. It might mark a sea change that heads this to the lower areas in the commentary.

How funny, I was typing my comment there when you posted yours :-)

Jim I followed your monthly commentary and your clues...Truly unbelievable but that is what I should expect when it comes from you.

Here is Jim's chart from commentary updated with recent price action:

Jim - doesn't this 3-leg structure in CD leg bother you at all? Or shall we move point C to yesterday's high assuming that BC leg was a 4PT?

Originally posted by jarek

Jim - doesn't this 3-leg structure in CD leg bother you at all? Or shall we move point C to yesterday's high assuming that BC leg was a 4PT?

BC was a 4PT. Notice how the price projection was far bigger than a 1.000 for this to be an ABCD in the CD leg, as per my post awhile back on that.

So now we have this bullish TD ABCD on 5-min as a possible confirmation of pending reversal:

Jim and George - thank you for the compliments. Your efforts here have always been a real inspiration for me