We have the biggest drop in 2 months right after the breakout to the new highs for the year:




(in fact only after preparing this chart I noticed that all the corrections on the way up were so similar in size...)

In my opinion the odds are high that this was a fake breakout and at least the recent leg up should now be corrected. I'll stick to my bearish stance until the bearish ABCDs in the Kane Zone stop to be respected (and that might happen as soon as Monday night ):

roofer,

Awesome stuff!

Good Trading,

Al Kamego

Kane TD ABCD completing at 0.382 Fibo of GLOBEX Hi-to-Lo confluent with Trader's Dream. Thanks, Jim & Thanks roofer!


Al Kamego

All our yesterday's KZ ABCDs played out already and respective sets are still working remarkably well:

This overnight continuation TD ABCD haven't quite reached the Kane Zone, but surely confirmed the direction:





We are almost at short term target for the decline

Just great work, everyone. Is this market a blast, or what?

Anyone dabbling long intraday in here? Or is everyone just addicted to this great short side bias we've been having?

The price action is super & the postings are awesome!

Al Kamego

Anyone intraday long on crude? Everyone just staying with the trend? I guess all my hammering is taking hold. Just asking if anyone is playing any 'countertrend' plays in here.

Bulls still have problems with even reaching the Kane Zone today:

Lightning trade this morning.

Al Kamego