Welcome back everybody! I just returned from my longest holidays in many years. And it looks like the best trading action of the year started just after I left and lasted for whole that period... Coincidence? :-)
Fortunately charts tell us, that it should last for at least some time to come:
JA
jarek
Rep: 94
Posts: 3,474
Nice overnight rebound, but bulls are in trouble one more time:
Click image for original size
JA
jarek
Rep: 94
Posts: 3,474
Let's see how ES reacts to such a bearish abcd:
Click image for original size
JA
jarek
Rep: 94
Posts: 3,474
... and if it plays out, we will have a failure of such a bullish 4PT:
There is usually a sustained move both when 4PT plays out and when it fails. Which way will it be this time?
Click image for original size
There is usually a sustained move both when 4PT plays out and when it fails. Which way will it be this time?
JA
jarek
Rep: 94
Posts: 3,474
... OK - not even to the Kane Zone:
Bullish 4PT above still in play
Click image for original size
Bullish 4PT above still in play
JA
jarek
Rep: 94
Posts: 3,474
They like to play games, don't they?
Looks like they wanted Kane Traders out before declining in earnest...
Click image for original size
Looks like they wanted Kane Traders out before declining in earnest...
