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jarek
Rep: 94
Posts: 3,474
This is already 70 points straight down. If this rising TL doesn't stop this, it could go much lower:
JI
jimkane
Rep: 3,058
Posts: 33,089
Watch how this acts in here. If they were going to drive it up into the European open, that's a prefect spot for them to do it from. If they don't, that tells me something. I will still watch how they handle the run up to the European open, and it is still possible they want to drive it lower first to get better prices. But, if they had the intention to run it up with little correction, that low there is where I'd expect it from. Now I watch...
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jimkane
Rep: 3,058
Posts: 33,089
It forms a bearish ABCD right at a key Fib area and line, and drops right to the low for the down move. Anyone think how it handles this isn't a key clue?
JI
jimkane
Rep: 3,058
Posts: 33,089
And it drops to within one tick of the 1.272 off the ABCD (which also has a line there), and then jumps up to the .300 off the session high (which also has a line there). See what I am getting at, about reading price action, and the areas it uses?
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jimkane
Rep: 3,058
Posts: 33,089
Please note that Thursday is rollover day for the ES. It moves to the Dec contract.
JA
jarek
Rep: 94
Posts: 3,474
Originally posted by roofer
...and i am sure eagle eyed jarek already saw this....
JA
jarek
Rep: 94
Posts: 3,474
It should be either labeling in blue or in black:
The difference in the final outcome is fundamental
Click image for original size
The difference in the final outcome is fundamental
JA
jarek
Rep: 94
Posts: 3,474
Interesting - what on old series was a new high for the move, after rollover was just a retest of the same upper ML
Click image for original size
RO
roofer
Rep: 3,689
Posts: 3,574
this summer i had some visitors... their insights gave me a high road way to respond to the nay sayers. in my latest at the slate pile..... enjoy...
