Jim suggested to take a look at daily charts of some secondary indexes and here is my current $RUT chart:



The green ML of a set based on big bearish 3D happens to be also a neckline of a classic head and shoulders. If bulls would not be able to defend this line next week, then a move to the lower ML should follow. This would also be a perfect fulfillment of a successful H&S pattern.
It is all the more interesting as this big bearish 3D fell dead on at the upper ML of a quite important set:

Bearish KZ 4PT in the making?

I'm pondering this bullish scenario in the TF.

I've added lines on TF 15 minute.

Originally posted by tx_ches

I'm pondering this bullish scenario in the TF.

Originally posted by jarek

Bearish KZ 4PT in the making?

Textbook reaction so far:

Looks like this upside breakout after a TL creep in Gold could have been a bull trap:

The minimum target for the move off H&S in EUR hasn't been met yet:

I noticed that recently they started to overshoot .447 slightly:

This area will be crucial for the bullish case here:

Crude started its move down from the same line as 2 previous times:

Quite the launchpad.

Originally posted by jarek

Originally posted by jarek

Bearish KZ 4PT in the making?

Textbook reaction so far:

it might have to, and we'll find out soon

Originally posted by tx_ches

I could certainly see it going lower though.