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    JA
    jarek
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    5
    Here is the update of my longer term ES chart:

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    I know this potential drop of 10% in a couple of weeks is hard to conceive for some. But I can't find a better explanation for the corrective nature of the March-May rise
    RA
    rat89
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    Posts: 7,015
    2
    turn the charts upside down?



    Originally posted by jarek

    Originally posted by jarek

    Maybe to cure myself a bit I'll start to show bullish setups...

    I see only bearish ones in ES at the moment...


    JA
    jarek
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    Does it help?
    MA
    MarcinO
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    Definitely. The bull turned upside down poses much weaker resistance.
    RA
    rat89
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    why does it feel like a sharp move is coming? which way?
    TX
    tx_ches
    Rep: -10
    Posts: 514
    1
    Yeah, it is confusing. I have an abcd that could be bear - its structure of the legs is bearish but the fibs work better as a bull.
    "When in doubt, stay out" as others have said.
    TX
    tx_ches
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    Posts: 514
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    Most of the Spdr ETFs are sideways but Financials and Discretionary have a direction picked - down.

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    RA
    rat89
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    AL
    albert
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    KAne EXP ABCD completing at 0.486 fibo.

    Good Trading,

    Al Kamego

    Click image for original size
    JI
    jimkane
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    And yet another bearish ES ABCD plays out...
    TX
    tx_ches
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    NEM 5 minute. Will bulls overcome?

    Click image for original size
    JI
    jimkane
    Rep: 3,058
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    (Edited )
    Okay, see everyone later. I'll try to do those updates on copper and the Swissie like I mentioned in those sections, and get to jarek's question on that being a KT rocking chair pattern failure setup, some time this weekend.