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JA
jarek
Rep: 94
Posts: 3,474
I was not aware that ES is trading today despite the Memorial Day. Here is the update of our bearish ABCD:
JA
jarek
Rep: 94
Posts: 3,474
Bulls may only keep their fingers crossed that our bearish ABCD was a W4 of the move down:
Because if not ...
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Because if not ...
JA
jarek
Rep: 94
Posts: 3,474
This thing is getting really nervous. Lets see how it reacts to such bearish TD ABCD:
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TX
tx_ches
Rep: -10
Posts: 514
That is close to the 61.8 retrace of the lower swing high. So will RIG make another 1.618/1 move? It'd put it close to 65.40-.35 area.
Originally posted by rat89
abcd to 447
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JA
jarek
Rep: 94
Posts: 3,474
Originally posted by jarek
This thing is getting really nervous. Lets see how it reacts to such bearish TD ABCD...
Definitely not the way the bulls could have hoped:
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But this bigger bearish ABCD could also have been W4 of the move down, especially that the usual target area falls exactly at major ML of a Schiff set, which was so well respected recently
