Here is an interesting story. While writing the topic above I was thinking about what chart to show this weekend. Then I noticed that the second date is a palindrome or in some way it is 'symmetrical'. Then I recalled Jim saying that sometimes ABCDs like to be symmetrical around certain point. Then I started digging and ended up with the following chart:





We may see that the BC leg of our current bearish ABCD, which was an ABCD itself was perfectly centered both in price and in time around its 'hub of the wheel' point on August 17th at around 1082 level.
To share the same characteristic the big ABCD should end on September 29th at around 1162 level. What's more interesting - this point is pretty well justified geometrically. Very curious.

Notice the key 3-min TL backtest right here. Watch this for clues.

Bueller? Anyone?

40 half is key, so watch this now that it cleared the backtest with ease.

So far, so good. It saw my first two minor areas and handled them fine.

41 is a key line, with a little pseudo-3D, so I'm watching this closely. I'm after management clues right now.

Originally posted by jimkane

Bueller? Anyone?

Who's that Bueller?

It is finally breaking up through resistance from a line cluster:





Less and less time left before tomorrow's deadline...

Watch 42.75 here, it's the key line before it blows out to new hoghs. Satying long side, just looking for management clues.

You beat me by a minute. Yeah, that's the line. I even refreshed and didn't see a new post, so I posted mine, but yours posted while I was writing mine. Man, you are fast.

I doubt it will hold. It wants the new HOD and the 1.272 area, I suspect.

Thanks Jim. Have a good weekend!