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.

After the ML of our set gave way, we know what is the next target for the decline:

Originally posted by jimkane

Long live geometry?

Yes, long live geometry.

Next line right here. So far cutting through them like a hot knife through butter, which it should, as the bigger geometry and pattern play out. This area, though, be very careful, since if the trend is still up, this potential pattern and line area here might re-exert that influence.

Yes, jarek, and lo and behold your area is also the 1.000 ABCD...

Haven't noticed that before and it is right to the tick!

But, are we feeling bullish in here?

Originally posted by jarek

Haven't noticed that before and it is right to the tick!

Yes, an ABCD with an ABCD in the BC leg, with an ABCD in its BC leg. But, are we feeling bullish in here?

They want to be bulls here...

Add to calls here?

I can picture Clint Eastwood here: "Are ya bullish? Well, are ya, Punk?"

So it was off by 1 tick and 3 minutes at our x marks the spot:

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.