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

Next low on the green lower ML to the tick:



What a ping-pong!

if it fails, it fails, but strong zone from 5217 - 5261

Let's try another ABCD at the same Schiff's ML as before:



The problem of the bulls is lack of short term upsloping MLs in this area that could contain the decline (or at least I can't find any...)

... and this one failed as well. Today is a good lesson on how a Kane pattern may not be worth much without a set of good lines

or when you have hundreds of stocks continuation signals to downside look at large kane 4pt in AMZN.....

First upsloping line came at the Game Zone. Clue time:

Jarek -

Please keep up the good work. Your charts are fantastic! I am going to pore over them later today.

As usual, I am still struggling with context, and am still a "fool for my tick charts."

The green lines are the GLOBEX Hi & Lo.

Comments welcome.


Good Trading to everyone.

Al Kamego

Interesting 3D at NDX with all points on same division line:



I wonder if it respects the green set now

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.