Let's see if this works....never tried to start a new topic...

having bounced off the .886 friday, will it aim into the area of interest up at the .886 of last week's high, or into the box at 1.128 - 1.27, and what will it do up there?

There is some symmetry in that both blue arrows are at .886....ultimately you might expect a move that mirrors the mid march - may move, but without a significant pullback into an abcd, which we haven't seen yet?

1319.75-20 and 17.25-18 are my levels if this ABCD doesn't hold.

Originally posted by jimkane

So, this HOD here at 27.75 is in a key, key area. And it pulls back, but right into a bullish ABCD. Now we'll see. What a launchpad for a move up and over this key area. I'd like to say the most likely scenario after a big move is to trade the rest of the day in the upper range area (how many times, up or down, have we seen this?), but I think today it is likely to run further, maybe much further. We'll see. I'm not into fighting this. Look at gold, the Swissie, the Euro, crude, the grains. Unreal. I'd love to see this sell off from here, but I am wary...

acceleration phase...

Ex-aaaaaaaaaaaact-ly.

Originally posted by rat89

Originally posted by jimkane

So, this HOD here at 27.75 is in a key, key area. And it pulls back, but right into a bullish ABCD. Now we'll see. What a launchpad for a move up and over this key area. I'd like to say the most likely scenario after a big move is to trade the rest of the day in the upper range area (how many times, up or down, have we seen this?), but I think today it is likely to run further, maybe much further. We'll see. I'm not into fighting this. Look at gold, the Swissie, the Euro, crude, the grains. Unreal. I'd love to see this sell off from here, but I am wary...

Click image for original size

this is making more sense to me here.....I could see how this gets to the upper line area soon, but also the resistance in the larger timeframe....

Treasury report top of the hour. Not that it matters...

Resistance? What's resistance? I'm not familiar with that term. I know the term 'support', but this resistance, I don't know that one...

Originally posted by rat89

this is making more sense to me here.....I could see how this gets to the upper line area soon, but also the resistance in the larger timeframe....

Click image for original size

Click image for original size

I believe it's French

Originally posted by jimkane

Resistance? What's resistance? I'm not familiar with that term. I know the term 'support', but this resistance, I don't know that one...

So, it 'saw' the ABCD, bounced up to the KZ at a line, and rolled over.

Now, is this an Elliott abcde, and straight up it goes?

roofer,

I am very sad to hear about your recent misfortune. I will keep you in my prayers. I pray you have a complete recovery and return to your full strength and health. God bless you.

Good Trading, Al Kamego