JI
jimkane
Rep: 3,058
Posts: 33,089
13.50-14.25 is a super-key area. Big clue time. Super-key. Time to see if they are serious about this upmove, or not.
JI
jimkane
Rep: 3,058
Posts: 33,089
But, I think this area here is a far better one if they intend to roll it back down.
JI
jimkane
Rep: 3,058
Posts: 33,089
Last post for me here and it's back to bed. I just love these Sunday night GLOBEX sessions, I think they are by far the most productive time of the entire trading week. If this breaches this area here, and it shows no signs right now of any intention to slow down, I'm next watching two things. Just above (you check the numbers) is a big bearish 4-Point. If one likes 'early' 4-Points, it is in the area at this current level already. If it doesn't like the 4-Point, then the 1.000 ABCD comes in at 28.75, which is also a significant SL. I think it most likely wants to get there ASAP.
As an aside, I showed a student a GLOBEX setup I had from Thursday night, and an interesting entry trigger. One should be able to see a very similar entry trigger for tonight's long entry, too. Very, very cool stuff, IMO.
P.S. Didn't even get this posted and through the area it goes. Note that the posted areas so far are 'shorter-term' areas, now fully expended, and it is moving on higher timefame areas now. Before I give up on the lower timeframe areas, though, let me mention that there is a very key line, and the .786 start of the 4-Point, here at 19.50-20.00, so this may just all be 'the area' from 17.50-18.00 up to 20.00, given it is overlapping with the higher timeframe influence.
I know this sounds like I'm hedging my bets, but I'm just saying somewhere in here this may be done. I'd be looking at price action now, to see if it shows anything, or just keeps rising. I'm strongly long-side bias off that retest of the low, so I'm loving this, but I'd also love it to react technically, too, and set up another move.
As an aside, I showed a student a GLOBEX setup I had from Thursday night, and an interesting entry trigger. One should be able to see a very similar entry trigger for tonight's long entry, too. Very, very cool stuff, IMO.
P.S. Didn't even get this posted and through the area it goes. Note that the posted areas so far are 'shorter-term' areas, now fully expended, and it is moving on higher timefame areas now. Before I give up on the lower timeframe areas, though, let me mention that there is a very key line, and the .786 start of the 4-Point, here at 19.50-20.00, so this may just all be 'the area' from 17.50-18.00 up to 20.00, given it is overlapping with the higher timeframe influence.
I know this sounds like I'm hedging my bets, but I'm just saying somewhere in here this may be done. I'd be looking at price action now, to see if it shows anything, or just keeps rising. I'm strongly long-side bias off that retest of the low, so I'm loving this, but I'd also love it to react technically, too, and set up another move.
RO
roofer
Rep: 3,689
Posts: 3,574
ok // i'm at my desk
$dax held key line/but i think it is just part of a larger picture
$dax held key line/but i think it is just part of a larger picture
Click image for original size
Click image for original size
AL
albert
Rep: 99
Posts: 3,094
Kane 4pcp completing at 0.382 fibo
Al Kamego
Al Kamego
Click image for original size
JI
jimkane
Rep: 3,058
Posts: 33,089
19.75 was it, and the 4-Point did play out. Although I did think it more likely wanted the full ABCD, the line was what cinched the deal for it. It was just too much for it. Just amazing stuff.
Originally posted by jimkane
...Note that the posted areas so far are 'shorter-term' areas, now fully expended, and it is moving on higher timefame areas now. Before I give up on the lower timeframe areas, though, let me mention that there is a very key line, and the .786 start of the 4-Point, here at 19.50-20.00, so this may just all be 'the area' from 17.50-18.00 up to 20.00, given it is overlapping with the higher timeframe influence.
I know this sounds like I'm hedging my bets, but I'm just saying somewhere in here this may be done. I'd be looking at price action now, to see if it shows anything, or just keeps rising. I'm strongly long-side bias off that retest of the low, so I'm loving this, but I'd also love it to react technically, too, and set up another move.