Okay, I guess jarek must still be skiing, so I'll start this week's topic. Let's make it another monster week for quality posts.

That's my point. Small bearish ABCD set up against a key bullish area from a higher timeframe. Watch out in here, this is critical.

Originally posted by EricD

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Originally posted by jimkane

Anyone see the 1.000 ABCD, within a penny, on CL? It's an ABCD essentially in this sideways range, but it is worth noting.

SLW hits a new all-time high today some 94 cents over the old high. I was never more 'sure' on any read than I was that SLW would set a new high...

Notice the pattern it likes? Gap up, sell off hard. Look how many days it has done that.

Notice how the market seems to want to hang around in this 'no decision' zone as long as possible? Not likely a coincidence, in my opinion.

It will have to decide shortly.

CL setup doing good so far...

Watch the smaller bearish ABCD in SLW to get a clue if this checkback is enough, or if it wants more (or, if that was it for the up run).

And what do I not want to see in CL? Weakness in the KZ.

Originally posted by jarek

...Will we see green set in action again?

It's consistency doesn't cease to amaze me:

Thanks - I must have been sleeping indeed