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    JA
    jarek
    Rep: 94
    Posts: 3,474
    2
    There is not much to add to the extensive coverage of the recent weeks here. While looking for geometry of Friday's turn on the continuous contract basis I came up with the following picture:

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    We have an almost ideal .382 bullish ABCD here. Thanks to Roofer's findings based on thousands of examples we know that probability of taking out the high equals in such case 87%. What's more in order to hit Jim's target zone at the line, a pretty fast move would be required... We'll see next week if we are on the right track and ... in the right train
    JA
    jarek
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    Posts: 3,474
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    (Edited )
    If ES declines just to a marginal new low around the open and starts bouncing from there, it would be a great looking 3D at a spike line, right at that upsloping lower ML from the longer term chart on continuous contract:

    Click image for original size
    RO
    roofer
    Rep: 3,689
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    j- what your euro chart does not show was that yesterday's high was a .886 on gap on 5 at key downsloping line in rth
    JA
    jarek
    Rep: 94
    Posts: 3,474
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    (Edited )
    I see that you are following currencies as well!

    Click image for original size


    Do you use just RTH charts for this?
    RA
    rat89
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    Posts: 7,015
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    a beautiful long setup, but the failure to get to the median line puts it in the failure category at the moment.....failed at .618 of larger move down.....support lines shown at .886, 1.128 and 1.27 might be of interest depending on the context when and if they are hit....
    Click image for original size
    JA
    jarek
    Rep: 94
    Posts: 3,474
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    (Edited )
    Originally posted by jarek

    If ES declines just to a marginal new low around the open and starts bouncing from there, it would be a great looking 3D at a spike line, right at that upsloping lower ML from the longer term chart on continuous contract...

    It was close, but didn't get there:

    Click image for original size
    JA
    jarek
    Rep: 94
    Posts: 3,474
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    (Edited )
    IF this bearish ABCD at major ML is taken out, chances are higher that current LOD will stay with us for little longer:

    Click image for original size
    RA
    rat89
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    Posts: 7,015
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    some interesting spots coming up....
    Click image for original size

    Click image for original size

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    RA
    rat89
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    does this roll at the .382?
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    JA
    jarek
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    Are Crude bears gathering forces for the final descent?

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    RA
    rat89
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    and what about the well mannered bears?



    Originally posted by jarek

    Are Crude bears gathering forces for the final descent?


    TX
    tx_ches
    Rep: -10
    Posts: 514
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    Practice work. I consolidated what Jarek did on the ES 15 minute chart. I'm only showing the last 2 days -- from where I left off on Wednesday.

    Click image for original size