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

hmmmmm......assuming the long setup does play out to the median line....it could deliver price to a continuation short....seems very tricky here

This bearish KZ TD ABCD at important line in Crude simply has to play out if the downsloping major ML is about to be reached in this move down:

Finally ES starts to move up off its bullish ABCD at major .886 and line:



And all this when NDX and SPY hit their geometries as shown above... Hmm...

Was this a back-test of this upper ML at x marks the spot in the Kane Zone for the BIG DOG?

on longer "POTENTIAL SUPPORT"...first clue is abcd right here at a key line/fib.

ABCD or W3 - that is the question:

Originally posted by jarek

ABCD or W3 - that is the question:

We'll ask one more and last time:

At this point we may safely take off question marks from the labeling above. It not only took out the last ABCD on the way up, but also corrected just to the Kane Zone, and this is exactly how W3 should behave:

heading into danger zone too.....

We'll ask one more and last time:

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.