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jarek
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Posts: 3,474
The question is: was this already it, 1 day and 9 points away from our perfect 'symmetrical' target or yet it needs to reach the 1.000 ABCD regardless of the time factor:


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This 3D at spike line might suggest the former, but if it breaks to the upside it might break the whole ABCD as well and go up, up and away as per Jim's scenario
JA
jarek
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Posts: 3,474
Small bearish ABCD in the 'Kane Zone' against a bigger one bullish 1.000 ABCD:


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JI
jimkane
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Posts: 33,089
Boy, I hardly ever have to explain anything or post any charts when jarek is on the job. From my thoughtwaves and working charts to his hands to your screen, folks. The miracle of telepathy.
JA
jarek
Rep: 94
Posts: 3,474
JA
jarek
Rep: 94
Posts: 3,474
Looks like they wanted to play some games again and now we have another bearish 4PT today:


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jimkane
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Posts: 33,089
They resolved that 4PT quickly with a move to the 1.000 ABCD to the tick, right at your line. Now?
JA
jarek
Rep: 94
Posts: 3,474
Yep - bears not giving up yet:


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jimkane
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Posts: 33,089
It's a grind, but I think the odds are better the bigger pattern plays out a bit, and they go up from here.
JI
jimkane
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Posts: 33,089
Just as he says that...
JI
jimkane
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Mr. Market: "I've fallen, and I can't get up."

For my foreign readers, that's a take off on a stupid TV commercial from years back.
JA
jarek
Rep: 94
Posts: 3,474
They need to call Life Call
JI
jimkane
Rep: 3,058
Posts: 33,089
Too frickin' funny




Originally posted by jarek

Yep - very interesting finish to what looked like yet another day from "Reminiscences of a Grilled Bear"