If they want to announce the end of the correction they have a nice spot at .382.
JI
jimkane
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Now, if this is headed up, I have areas around 22.00 and 25.50 next. I can refine that a bit more as it moves.
JI
jimkane
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Right to the first area. Let's see what it does.
Originally posted by jimkane
I think it will bounce, though. I'm watching 12.50-13.25, and then around 14.75-15.00, which is more the key area.
JI
jimkane
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It reacts, and then heads through, to the second area. No surprise there. I think it's 'headed up'. We'll see at this second area, though, it'll have to prove itself.
JI
jimkane
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Watch this 5-min bearish ABCD here with a 4PT in its BC leg, in case.
JI
jimkane
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And it reacts right off it. But, alas, it pulls right back to the first spot one would expect, and starts to bounce. Now we see. Same game, different day, different timeframes, but always the same, in my opinion...




