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

By the way looking long term EUR is at a very important decision point in the current area:

AMZN 60 minute chart has reached ML of brown set from roofer's gap set.
It made a few measured moves so will that be it or will it make one more MM? It also made a DB.

Gold bulls finally showed some signs of life in the move of our bullish ABCD. Let's see how they cope with this downsloping TL:

Originally posted by jarek

This is how real W3 behaves: if there is a geometry in the closest Kane Zone - it has to be respected...

And here is the proof that it is a 'real' W3:



First target for the move of the bigger bullish ABCD was just met, but hence there is no line, the rise should continue.

Also when we recall this great RTH setup with 0.886 and test with retest, then we have yet another confirmation of the fact, that when great setups fail - they usually fail badly.

quite the path to get there too

Originally posted by tx_ches

AMZN 60 minute chart has reached ML of brown set from roofer's gap set.
It made a few measured moves so will that be it or will it make one more MM? It also made a DB.

Click image for original size

one from yesterday only a kane trader could appreciate

AMZN ..... I THINK IT IS ABOUT TO PLUNGE TO MEDIANLINE ON THIS SET...which would be lower line on gap set....

Yep, it was really good trading.

Originally posted by rat89

quite the path to get there too

that one is a beauty

Originally posted by roofer

one from yesterday only a kane trader could appreciate

I was away for some time and see that my overnight level to watch was hit spot on, only couple of hours earlier. Very curious...

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.