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jimkane
Rep: 3,058
Posts: 33,089
The best area I have now is from let's say 1370-80, coming together this week. For a pattern the size of this, that is as narrow as I can get it. It then becomes about triggers and price action. But, recall my quote about trading bearish 'W2's' unless the start of 'W1' is clearly a PTA or end of the bull market ([url="http://www.mypivots.com/board/topic/4568/5/cant-miss-quotes#96489"/]click here for quote[/url]).

Although I'd love that March high to have been the end of the bull market, or even the start of a bigger correction, that is not a given at this point, and pretty much consensus is new bull market highs are coming, and coming soon. Normally I'd say from a contrarian standpoint that implies it will be headed right down, but those bulls sure seem to have it nailed dead on right now, so probably they'll be right about new bull market highs. After all, they are spot on for this move, right?
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MarcinO
Rep: 67
Posts: 5,506
Nice chart ixon.
I 've been working on 30 min EURUSD chart lately. Black ML gave 2 entry points. On the 2nd July .886 Roofer's set-up, if I get it right, and on the 3rd after ABCD.

Originally posted by ixon

and EUR USD Daily


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JI
jimkane
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It sure 'sees' that EXP ABCD area. But, is it just coiling here to take it out?
JI
jimkane
Rep: 3,058
Posts: 33,089
Nice charts, crew.
JI
jimkane
Rep: 3,058
Posts: 33,089
And that's exactly what it did. 59-60 seems a clear shot now.


Originally posted by jimkane

It sure 'sees' that EXP ABCD area. But, is it just coiling here to take it out?
JI
jimkane
Rep: 3,058
Posts: 33,089
.447 here. Time to prove itself, right now.
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jimkane
Rep: 3,058
Posts: 33,089
And so far it's not able to do that. But, the size of the checkback right now is right to the area they would come back in hard for it. So, watch here for clues. You all know I'm hoping for a sell into close...
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jimkane
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Last chance for 58-60, guys, you better punch it up now.
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jimkane
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Posts: 33,089
Look at how nuts this is going in here on a tick chart. Crazy.
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jimkane
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I'm curious to see if we get a wild after-cash pop, like they sometimes do.
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jimkane
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Posts: 33,089
Okay, let's see if they do the gun it into the futures close game now. 58-60? That would be something.
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jimkane
Rep: 3,058
Posts: 33,089
Darn, Sunday at 3 PM is a long ways away...