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:

the point about the bc leg was an important lesson for me, one that I would never have figured out on my own.

Originally posted by roofer

these charts suggest that the market as a whole needs some more correction before it rocks higher

this timely post from roofer is what made me take a new look and see this abcd completing right in the kz at the lower line

Originally posted by roofer

DO YOU THINK THEY WOULD TRY THIS STUNT?

Click image for original size

Originally posted by jarek

The smaller Schiff set was not it, so maybe the bigger one will be?

Neither, nor. It went higher to reach exactly same upper ML that caused the recent selloff at 1.272 of the last ABCD:

Originally posted by jarek

Are EUR bulls gathering forces before the next top attack?

Looks like this was exactly the case. But why are they retreating now??

It would be cool if ES went now all the way down to the next Game Zone at lines to form a W4 triangle. In our methodology that would be just W2 of the move off our 4PT:

now to the penny .886 at 5296

gap up and 6¢ from the .886

great eye roofer

Originally posted by roofer

lets see what the market does with the geometry of two of my favorite traders

Click image for original size

watching for .768 - .886

First bearish ABCD on the way down has already played out:

That was rather quick and we already have a bullish ABCD of which the previous bearish one was just a BC leg. Clue time:

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....