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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:

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JA
jarek
Rep: 94
Posts: 3,474
Medium term it now looks pretty ugly for the bull after the failure of our big bullish ABCD:

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JA
jarek
Rep: 94
Posts: 3,474
... and longer term it's already almost half a distance into a proposed CD leg:

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RA
rat89
Rep: 0
Posts: 7,015
double or nothing



Originally posted by jarek

Looks like nothing...


JA
jarek
Rep: 94
Posts: 3,474
This sling shot in Gold reached very interesting altitude... :

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JA
jarek
Rep: 94
Posts: 3,474
No change in Silver and Crude:

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RA
rat89
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Posts: 7,015
oopsy....how did that blue line slip way down there...ignore that one



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RA
rat89
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roofer taught me that a long setup based on three points based on the tools that fails to get to the median line is a failed setup.....this one, based on the green set would still have made a decent profit, but was a failure.....and turned into an abcd to the 618 at the median line of an old schiff set.....you have to wonder what this has in mind, but an abcd usually means the low gets taken out...


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RA
rat89
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Posts: 7,015
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RA
rat89
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Posts: 7,015
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JA
jarek
Rep: 94
Posts: 3,474
I think bulls realize how important it is for them to break this bearish ABCD to the upside:

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RA
rat89
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interesting symmetry at the lines...

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