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Click image for original size
JA
jarek
Rep: 94
Posts: 3,474
With the bearish case on Bonds being so touted recently I'm wondering whether it's not a big smokescreen suggesting that quite opposite may happen... Especially after looking at the following charts:
JA
jarek
Rep: 94
Posts: 3,474
Bulls are still fighting but this looks more and more like a fake breakout above our TL:
In such case the usual strong Wave after our big bearish 4PT may come to fruition
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In such case the usual strong Wave after our big bearish 4PT may come to fruition
JA
jarek
Rep: 94
Posts: 3,474
Did we move in EUR from a string of bullish ABCDs to the string of bearish ones??
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JA
jarek
Rep: 94
Posts: 3,474
The move of our bearish 4PT in Gold respected the geometry in the Kane Zone:
The necessary condition for a strong W3 was thus met (necessary condition is unfortunately not the same as sufficient condition )
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The necessary condition for a strong W3 was thus met (necessary condition is unfortunately not the same as sufficient condition )
JA
jarek
Rep: 94
Posts: 3,474
Nice initial reaction to such nice bearish TD ABCD:
Bulls can't get over this TL for good. The longer it takes them, the higher the chances of continuation to the downside
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Bulls can't get over this TL for good. The longer it takes them, the higher the chances of continuation to the downside
JA
jarek
Rep: 94
Posts: 3,474
Silver is giving respect to the upper ML of our downsloping set:
It's a classic TL creep and quite recently an upside breakout would be a certain thing in such case. But you never know these days...
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It's a classic TL creep and quite recently an upside breakout would be a certain thing in such case. But you never know these days...
TX
tx_ches
Rep: -10
Posts: 514
Spy 5 minute.
Friday saw an abcd bear - c at 61.8 and d at 1.618 with ab=cd.
Pre-mkt saw a drop to 1.46 level. Will open see it drop further to the 1.618 level? Or is that it?
It may need to go up to get steam to go down past the gap from 04/20 at 132.79.
Friday saw an abcd bear - c at 61.8 and d at 1.618 with ab=cd.
Pre-mkt saw a drop to 1.46 level. Will open see it drop further to the 1.618 level? Or is that it?
It may need to go up to get steam to go down past the gap from 04/20 at 132.79.
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RA
rat89
Rep: 0
Posts: 7,015
"da creep"
Originally posted by jarek
Silver is giving respect to the upper ML of our downsloping set:
It's a classic TL creep and quite recently an upside breakout would be a certain thing in such case. But you never know these days...
JA
jarek
Rep: 94
Posts: 3,474
After taking care of the TD ABCD above bulls in ES encountered resistance at bearish EXP ABCD:
Poor bulls - the market "sees" every bearish ABCD on the way up. It's not so easy now for them as a couple of months ago...
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Poor bulls - the market "sees" every bearish ABCD on the way up. It's not so easy now for them as a couple of months ago...
JA
jarek
Rep: 94
Posts: 3,474
They took the last hurdle as well:
The final clash should come in the Kane Zone
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The final clash should come in the Kane Zone
RO
roofer
Rep: 3,689
Posts: 3,574
just traders trading..... if the red line green set on yesterdays close was to be valid,in the face of the insane last hour bullishness, then OUR TOOLS, AND NOTHING ELSE.... should have pointed to RISK OFF!!! in the face of the manipulation in the indexes.... i think they did their job.... and all the way down today... they said repeatedly trend day shooting for targets...