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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:
RO
roofer
Rep: 3,689
Posts: 3,574
it is a legitimate question in the case of X of how much leeway to give it if the double top is not exact... i even use the tools of this forum for that.. if it is less than1.06 difference, i consider it a dbtop.
JA
jarek
Rep: 94
Posts: 3,474
Our big bullish ABCD has formally not failed yet, but is still very close to it with all possible consequences:
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MarcinO
Rep: 67
Posts: 5,506
Long term structure prevailed as you expected.
Euro retraced only 30% of CD leg and started to rise.
Euro retraced only 30% of CD leg and started to rise.
Originally posted by jarek
Your D point Marcin would fall nicely on the rising TL, but such ABCD would invalidate my current long term count.
If this is big W3 up, EUR simply has to go up from here
JA
jarek
Rep: 94
Posts: 3,474
Yep - the bullish geometry in the Kane Zone was respected. But bulls are not completely out of the woods yet:
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JA
jarek
Rep: 94
Posts: 3,474
Interesting spot in ES:
Yesterday's low was exactly at x marks the spot formed by Schiff major ML mentioned here earlier and Schiff lower ML from another important set. If it is about to hold, than this rising lower ML above should not give way IMO
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Yesterday's low was exactly at x marks the spot formed by Schiff major ML mentioned here earlier and Schiff lower ML from another important set. If it is about to hold, than this rising lower ML above should not give way IMO
RA
rat89
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Posts: 7,015
two levels I'm watching are 8123 at magenta line and 7965 at green line....
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