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:



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

Originally posted by jarek

... Is it aiming at this confluence?

Nope - an important line at .447 of the whole drop stood on its way there:

It would be just "creme de la creme" of all Roofer's teachings if EUR reversed strongly somewhere here:

0.886 is 1.39683, the high so far was 1.39700 for a difference of 0.00017 or 0.012% ...

red line = .447.....let's see....

and 128.41 = .447 of move down from 133.00
128.44 was .886 of last small swing down......price at line....

The high in EUR was taken out by 0.0005. I forgot to add Schiff set and its upper ML apparently needed to be reached:

Such rounded bottom around x marks the spot suggests, that first reaction after Fed announcement should be up:

... and it was, but just to the Game Zone off which it fell straight to the ... next Game Zone. Will this KZ 4PT drive it higher?

Just great posts, crew. I'm impressed evey day. Remember when I was thinking of shutting the forum down due to lack of anyone posting? What a shift.

Just a 'guess', but I think we are in strong up mode now.

Originally posted by jarek

... Will this KZ 4PT drive it higher?

Sure it will They probably won't rest before reaching this upper ML:

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.