Originally posted by jimkane

...the A point of that bigger bearish ABCD is a big, key area on the higher timeframes. So, it really comes down to if one thinks a bigger correction is at hand, or that was it and new highs are coming.

So we may expect stronger move either way in the coming week:

4th in a row bullish ABCD in ES played out:




Have you ever seen anything like this, Jim?

After "consolidating" some smaller ABCDs into a bigger one I got something like this:

Kane TD ABCD. Price breaks up thru blue trendline, which shows strength, & then price gets support from blu TL & 21 SMA confluence at 0.382 fibo. Simply amazing!

Love those Kane ABCDs.

Al Kamego

On my medium term chart ES reached the upper ML from a set that was well respected in the past:




The success or failure of my last bullish ABCD above should thus have some medium term influence

First hurdle on the way up cleared with no problem at all:

In case of Gold still long way to go, but it may find some support here:

It should coincide with silver reaching its target for the move off this big bearish 3D:

It is interesting to see how the Bonds stubbornly respect for few weeks already this slightly upsloping Schiff set:



But the end of the coil is approaching, so it should resolve one way or the other.

If the decline in Crude is not contained at recent low with the help of 1.272 DT ABCD than much more bearish scenario would be in cards heralded by this return move to the broken trendline:

Another hurdle in ES cleared with the help of a small KZ DT ABCD. Are we really the only ones who know the power of .447??




The intentions should be clear by now.

clf has long been one of my favorite traders that i have kept to myself..... here is a peak