Here is the update of my chart from last Saturday:





Last week's drop confirmed the big bearish ABCD from May 6th to May 13th. The minimum objective for the move off it hasn't been reached yet, so we should expect more downside in the coming week.
I'm thinking about the scenario of another zigzag ABCD right to the same downsloping line. It would alternate nicely with EXP ABCD from the beginning of the week and help to drive prices to 1.272 off the big ABCD.

One way or the other, it should really move from this spot, I think.

Long live geometry?

Very interesting. A little tick ABCD off the geometry. Now we see.

Tick abcde, or just chop? With such a key area, I wouldn't think this would chop, I'd think it would move, either for or against.

My, oh, my.

Right here at 81.50 is the key 'test' to see if they really plan to sell this.

So the first move off the ABCD finished right where it should

Ex-aaaaaaccccctttt-lllllyyyyy.

And now looks like somebody is in a hurry...

Let me explain my stretched out 'exactly'. It comes from Scott over at Harmonic Trader. He would verbally stretch the word out when we had discussions, to emphasize it. So, I didn't mean to emphasize how exactly it hit the area (although it was essentially to the tick), but to emphasize the concept of it doing precisely what we expected it may do.

BTW, it sure couldn't bounce much from that spot, could it? Now it has hit my second key line, pretty much to the tick, and started another bounce. This one may be the rocketship launchpad for it. We'll see. It may roll over and get crunched, too. Remember, all I can do is respond to what it does.

Jim I wish I was here also ,but was working. Jim maybe getting a private room where you can see who is actually in the room on a daily basis maybe better suited. At least then you can see who commits on a daily basis and for the ones that can't be there live for personal reasons(day Job, different time zone) can post charts at their leisure or per your request. They have software that a click of the mouse takes a screenshot and sends it directly to your room. As you usually point out with uncanny ability area after area, is it better to take a screen shot and point out the time frame you may see this on then describe it and have no response and only to refresh the forum a couple of minutes later with no response. Their can be rules in the room as if you make a comment and someone has a question but you are preoccupied with your own trading ,you flash a signal or icon saying you will answer when available. If you start to see the interaction is better and more questions arrive you may charge a fee. Your time and energy is money. I guess it is all what you want out of the forum and your members and how you want it structured. This is just my opinion to try to remedy some of the frustrating issues.