Slowly but surely Crude continues its decline...But before it drops below this Kane Zone at line, bulls might feel still safe
This last assumption proves correct time and time again
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jarek
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In its move up EUR is throwing in one bullish Kane ABCD after another:
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jarek
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If this is not the correct count, then Gold bulls may find themselves in troubles:
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ixon
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(Edited )
Good chart Jare, eur/usd.
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jarek
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(Edited )
I'm not sure if Jim allows for DB ABCD retracing so much of the preceding leg, but for sure ES tries to turn at .886 to the tick, very close to the major Schiff upper ML:
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rat89
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morning jarek, hope you had fun
today we have .886 at 4102 to the penny....though I have my eye on 8527 iwm, which has not been hit....is this the turn we should be watching here?
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rat89
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jarek
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Originally posted by rat89
morning jarek, hope you had fun
Sure I did!
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jarek
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(Edited )
Originally posted by jarek
...Bulls need to get over this Schiff upper ML as soon as possible. Otherwise my recent itching could prove justified
They tried few times, but were not able to. Is Big Dog showing us the direction?
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jarek
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(Edited )
It's smaller cousin doesn't look any better at all and starts running away from a broken upsloping very important line: