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JA
jarek
Rep: 94
Posts: 3,474
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
RO
roofer
Rep: 3,689
Posts: 3,574
the geometry is correct on the bigger and the smallest.... completing a 1.46/685 trend abcd. on bigger ... will price respect?
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RA
rat89
Rep: 0
Posts: 7,015
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JA
jarek
Rep: 94
Posts: 3,474
Originally posted by jarek

... Carnage of the defenders of the fortress may take place now...

Bulls returned to the gate to complete cleaning the area:

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RA
rat89
Rep: 0
Posts: 7,015
??
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RO
roofer
Rep: 3,689
Posts: 3,574
the iwm formed nice 4 pt, so i thought 12 cents was worth the risk. lloking creepy so far.. also short fdx at line
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RO
roofer
Rep: 3,689
Posts: 3,574
again, i thought i could risk the 15 cents to see if the computers were in play
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ER
EricD
Rep: 63
Posts: 692
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RO
roofer
Rep: 3,689
Posts: 3,574
CF TRADERS love to push the trend in the way i teach... but sadly, it is time to go
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JA
jarek
Rep: 94
Posts: 3,474
If this bullish TD ABCD fails, bulls should be pushed outside of the fortress again:

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RO
roofer
Rep: 3,689
Posts: 3,574
i am flat.... time and price are out of synch....could go either way ... i have no edge...
TX
tx_ches
Rep: -10
Posts: 514
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.

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