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:

This secondary high in Crude was exactly at .941 and the upper ML and now he have a bearish ABCD resembling test and retest, so I'm watching it very closely here:

mob

decide

.886 on 5

curious how traders here would play this.....my gut tells me to aim for the most conservative target at the median line of the magenta set, which is also around R1

I'm aware of higher price target too, and the fact that spy hasn't hit the equivalent spot...

I can't figure out why my set isn't lining up in the same way....

Originally posted by roofer

decide

Click image for original size

that last swing = to 1.27 on all indexes....a little more or a little less.....

Another bullish ABCD at geometry in the closest Kane Zone in ES:



It probably won't stop until reaching the Game Zone just above

... and it got there right at the upper ML of our short term set:



Time for games?

???

134 area seems very important

.886 at 133.34

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....