Here is this potential bearish ABCD looming over the market for some time already:





Unfortunately it can go much higher and still remain a Double Bottom ABCD, so the picture is rather unclear at the moment.

So, where in here (intraday) will the bulls try to make a stand? Was that it there at 72? Or will the bears grind it down all day? Are you looking at the higher timeframe setups? I can't trade the 3-min ES unless I know where the weekly, daily, 60-min, and 13-min charts are, what they are telling me.

Originally posted by jimkane

.. Everyone saw the incredible ABCD at completing at 10:26, right? What a day.

Yep - Kane classic

Originally posted by jimkane

So, where in here (intraday) will the bulls try to make a stand? ...

I guess this lower // should produce some reaction since all the lines of this set were "seen" on the way down:

Will this be an ideal .685 Kane 4PT?

Great work, jarek. That's why I am watching for potential upward pressure in here. If that first chart area goes (goes here means 'gives way'), this might take out the key 1040 area and really get moving. And that last chart shows why I think this is stalling here, and how I am using that for clues for the push up off 72 that I mentioned.

Now staying with the long side bias intraday off the 72. I'm watching here at 78.50 (in case), but more interested in the ABCD area just above.

At recent high both today's bearish ABCDs would be well balanced:

Great chartwork, jarek. Most of your charts look like near clones of mine now. Hence my 78.50 watch. But, it wants higher, and I suspect more than that full ABCD, but that's where I'll be watching now.

I came back to my original downsloping set. Here also the two ABCDs would be balanced 1:1

And here's where we see it's a 'W3' after all???

roofer, do you have a list of the stocks that you track?