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JA
jarek
Rep: 94
Posts: 3,474
Not too much activity last week in here... Has this forum already lived through its best days in the current form??
AL
albert
Rep: 99
Posts: 3,094
Chart correction. Moved ML Point 3 from Point D to Point d.

Al Kamego


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AL
albert
Rep: 99
Posts: 3,094
Kane DT ABCD and
Kane EXP ABCD as price rises from Kane DT ABCD Point D.

Al Kamego


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Click image for original size
TO
tomo
Rep: 110
Posts: 238
Lets see if I can paste image :)

Nice 4PT at line. Lets see what happens. 1218 today?
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JI
jimkane
Rep: 3,058
Posts: 33,089
I see a 99.9999% chance this range here will break to the downside. Probably just a stop run snap trap, but the break will be down first. That's my opinion.
JI
jimkane
Rep: 3,058
Posts: 33,089
I didn't see tomo's chart when I posted that comment. My comment was based on the setup he posted. The reaction to the 4PT was not right. The first push off it was okay, but the reaction on the checkback was completely not right if the pattern was going to play out as expected.
JI
jimkane
Rep: 3,058
Posts: 33,089
And there it is, exactly as I posted. Some surprise.
JI
jimkane
Rep: 3,058
Posts: 33,089
KZ and line here. Let's see if they plan a snap trap, or a real decline.
JI
jimkane
Rep: 3,058
Posts: 33,089
Wow, real, hard-core sellers.... Cool.
JI
jimkane
Rep: 3,058
Posts: 33,089
Note the 5-waves down at this point.
JI
jimkane
Rep: 3,058
Posts: 33,089
KZ of Monday's low coming in here, but these sellers look very serious.
RO
roofer
Rep: 3,689
Posts: 3,574
now i an interested if it will hold that line AND give a buy signal.