ES is shaping up nicely for my new scenario, especially with the smallest Schiff set respected very well so far:



However the W4 triangle on the main index could have already been completed on Friday and in such case the usual Sunday/Monday procedure should take place from the start of trading.

Looks like bulls in Crude may have deserted before the main battle has even begun!



That also tells a story...

What kind of game do they plan to play here in ES?? Is this a bearish 4PT at the same line?



They are really good! This triangle was on and off couple of times already

From LOD to HOD in 30 minutes. Impressive, but is this sustainable?

or is it a big retest at the .50 of three swings??

Originally posted by jarek

From LOD to HOD in 30 minutes. Impressive, but is this sustainable?

Was this a 4PT/Flat hybrid in ideal proportions with the previous bearish ABCD?

I poked spy short at .31....if this is a bear setup it should play out fast, no?

Originally posted by jarek

Was this a 4PT/Flat hybrid in ideal proportions with the previous bearish ABCD?

holy .685/ .786 batman....right at the line???

Originally posted by rat89

I poked spy short at .31....if this is a bear setup it should play out fast, no?

Originally posted by jarek

Was this a 4PT/Flat hybrid in ideal proportions with the previous bearish ABCD?

It may also grind down slowly sucking in some more bulls. But I'm mot sure if it doesn't... resolve to the upside here, denying this bearish ABCD. One way or the other they should play some more games around this whole triangle idea

my eye is on the q's, which seem weak...

It may also grind down slowly sucking in some more bulls. But I'm mot sure if it doesn't... resolve to the upside here, denying this bearish ABCD. One way or the other they should play some more games around this whole triangle idea

yes, thanks jim

Originally posted by jimkane
Hopefully at least this leaves you with some understanding of my reasons.