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.

Watching the move in EUR we now know what to expect next time after such collection of bullish ABCDs:

I see something like this on eur/usd.

I guess your ABCD letters point to something else than a Kane ABCD?

It's 5-0 pattern from Harmonic Trader 0XABCD.

Ok - thanks. That's what I thought.

Comparing stock market to other rising issues I can't help the feeling that there are serious sellers at current levels:



And they need to be taken out first, if new highs are to be reached

EUR accelerated through the top of the target area for the move off the last bullish 4PT:



It won't stop this ride until each and every bullish ABCD is fully playing out.

It's strong trend, we cross weekly channel trend line on eur/usd. It looks very bullish.

Is the 4PT that you refer to the last ABCD on the chart? The very last ABCD doesn't look like a 4PT from the book because the D pt is below the B point. Can't pull up 6E to check the distance but maybe you are talking about the one before.

Originally posted by jarek

EUR accelerated through the top of the target area for the move off the last bullish 4PT:

Click image for original size

It won't stop this ride until each and every bullish ABCD is fully playing out.

jarek where You live in Poland I live in Koszalin.

Thanks - I must have been sleeping indeed