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Lack of any reaction to the downside here would be quite surprising for me.
JA
jarek
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Posts: 3,474
Major indexes hit last week 1.272 of the April - July decline. And they did it in a very interesting long term spot, as pointed already by Eric earlier in the week:
Lack of any reaction to the downside here would be quite surprising for me.
Lack of any reaction to the downside here would be quite surprising for me.
JA
jarek
Rep: 94
Posts: 3,474
Bullish 3D at a spike line immediately produces the desired result. Let's see if the KZ will hold the bounce this time as well:
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JA
jarek
Rep: 94
Posts: 3,474
Originally posted by jarek
... Let's see if the KZ will hold the bounce this time as well:
Not a chance this time - straight up off this bullish 3D. Looks like the time for the bear hasn't come yet:
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JA
jarek
Rep: 94
Posts: 3,474
Why did the last KZ to the downside fail? Because this late day LOD completed the biggest today bullish 1.000 KZ ABCD, so it was a small KZ against a big KZ, and the latter one prevailed. Should have noticed this earlier
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RO
roofer
Rep: 3,689
Posts: 3,574
when i showed joed the setup... he had one thing to say....time was in direct conflict with price... time always wins...the indicator setup at the vertical line is as precise as a buy signal gets....and so it was....
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JA
jarek
Rep: 94
Posts: 3,474
There is an interesting development with yesterday's end of day bullish ABCD. The price went straight up to the green upper ML and failed there. It's not The Trade (probably never was) cause this setup doesn't need retests, but the green set contained the price action one more time:
Later on it was pure geometry: 1.272 for the low and downsloping TL for the high
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Later on it was pure geometry: 1.272 for the low and downsloping TL for the high
AL
albert
Rep: 99
Posts: 3,094
Kane Double Top ABCDs & Double Barrel Shotguns
Chart 1 shows DBS & Trader's Dream on 610 tick chart.
Chart 2 shows terminus of DBS at 1274.75, GLOBEX Lo, at 7:20:21am
Price forms Kane TD ABCD completing at 0.685 fibo, off GLOBEX Lo.
Price rises & reverses at 1.618 fibo, forming Kane DT ABCD, which completes at 0.382 fibo.
Price rises, forms combo Kane EXP ABCD & DT ABCD at 0.382 fibo.Point c' of this Kane DT ABCD forms terminus of Double Barrel Shotgun.
The DBS extension line is offering resistance to price rise.
Al Kamego
Chart 1 shows DBS & Trader's Dream on 610 tick chart.
Chart 2 shows terminus of DBS at 1274.75, GLOBEX Lo, at 7:20:21am
Price forms Kane TD ABCD completing at 0.685 fibo, off GLOBEX Lo.
Price rises & reverses at 1.618 fibo, forming Kane DT ABCD, which completes at 0.382 fibo.
Price rises, forms combo Kane EXP ABCD & DT ABCD at 0.382 fibo.Point c' of this Kane DT ABCD forms terminus of Double Barrel Shotgun.
The DBS extension line is offering resistance to price rise.
Al Kamego
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Click image for original size
JA
jarek
Rep: 94
Posts: 3,474
In the light of today's developments there is no other way, but to treat the recent action as a bullish .382 DT ABCD:
This is third time in a row where a smaller ABCD becomes just an AB leg of a bigger ABCD.
Interestingly the typical play out area of this last ABCD lies in Eric's long term target area posted here 2 days ago.
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This is third time in a row where a smaller ABCD becomes just an AB leg of a bigger ABCD.
Interestingly the typical play out area of this last ABCD lies in Eric's long term target area posted here 2 days ago.
JA
jarek
Rep: 94
Posts: 3,474
The recent bullish ABCD in Bonds played out exactly as expected:
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