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JA
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:
JA
jarek
Rep: 94
Posts: 3,474
... not necessarily. It's magnet is still pulling:

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JA
jarek
Rep: 94
Posts: 3,474
Could this small 3D deny the line when it was so close?!

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JA
jarek
Rep: 94
Posts: 3,474
Originally posted by jarek

I thought that after this test and retest of the lower ML, there should be now clear sailing to the Schiff major ML:

It really was!

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Now what: acceleration, coil or reversal?
JA
jarek
Rep: 94
Posts: 3,474
Was there a small coil and now up like there is no tomorrow?

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It's already 50 points straight up in 24 hours or so...
JA
jarek
Rep: 94
Posts: 3,474
If this is the count (which is still possible despite the current run), then this downsloping upper ML shouldn't give way:

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JA
jarek
Rep: 94
Posts: 3,474
It's also interesting to note, that when we move Schiff set anchor from August 26th low, to August 21st low, then it points exactly to the current HOD:

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JI
jimkane
Rep: 3,058
Posts: 33,089
So it is written, and so shall it be...


Originally posted by jimkane

...A much, much more likely one to me is it keeps rising and we have one wicked up day tomorrow. I think that is the highest probability scenario by far. Maybe I'm not getting the right read on it at all. All I know is I'm long-side bias, and I'll be that way as long as it keeps rising.
JA
jarek
Rep: 94
Posts: 3,474
Here is the close up look at the current spot:

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If not here to look for a potential reversal, then where?
JI
jimkane
Rep: 3,058
Posts: 33,089
Keeping an eye on this high, in case it starts more than just another tiny checkback.
JI
jimkane
Rep: 3,058
Posts: 33,089
You beat me by one second!!!
JI
jimkane
Rep: 3,058
Posts: 33,089
I think they want up, big up, real bad. Just a sense I get.