Welcome back everybody! Good to see so much activity and some new faces here

There was also a lot of action in the market while I was away. The basic question is, as Jim pointed out already, whether Thursday's 3D ended in a meaningful PTA or not. The best lines I could find for this area are following:



They don't look very convincing and there is no pattern, so the reaction at the current area should be very important:

Reaction to this KZ ABCD could be key for the rest of the Globex session:

ericd- absolutely beautiful charts!such a gann mind!

if we are simply rushing from price point to price point as corrective action often does.. then this geometry should turn down price once again... the ideal would be price rushing to geometry on gap..then quick sell off... then .886... which would look like test retest on larger chart.....

today is mob for one of my fav traders.. let's see what happens...

Originally posted by jarek

Reaction to this KZ ABCD could be key for the rest of the Globex session:

... and it was. ES behaves now like it was in W3 of the move off our big bullish 4PT:

First target of the move off the big bullish KZ ABCD in EUR was just met:

... and right before this explosive move up there were 2 attempts to get rid of the weak hands by moving below the old top support:



They had to respect however the geometry at the Kane Zone

The only thing one needs to control in W3 is the geometry in the Kane Zone:

First real test on the way up:

what now??

iwm bounced at line, at .941/ .618......how far will the bounce get? interesting how the new schiff set sits right on top of the last one....