That's the best wave count I can get for the euro.
If wave 3:3 is going to be at least as long as 3:1 we won't see any significant corrective move down, on a daily timeframe, until the area around 1.3440 is hit.

Will the small abcd cancel the big one?

So, the short play off that was amazing, in my opinion. I worked this up with a student yesterday. It did the initial move, and we were doing our session. He asked about stop placement. We did some work, and I said I'd be looking 'up here', in case they ran it up say for the European open. In fact, I said, I hope it does go up to that area and then down, since that would be technically just beautiful. The time factor hit right at the European open. We did this work some 5-6 hours earlier.

It went up to the area and time factor dead on and started to drop. It followed the two key downsloping lines until it broke down. It formed a bullish ABCD in the KZ, dead on my x marks the spot time factor. There are many additional things here for those who know the work. It does some signature price action, and up it goes off the ABCD. Where does it race to, and stall a little? Right back to the key lines, and a TL. Wow.

I mention this not only so those who know the work can try to work up all this absolutely (to me) amazing price action, but also because of the discussion rat and I had about time. Dead on the time factor on the checkback (the BC leg of that ABCD), and dead on on the ABCD completion. Just amazing stuff.

As an aside, the time factor for the high was also dead on.

Originally posted by jimkane

That 75.25 is a very key area, so time to watch closely. This will say a lot in here.

We are starting our final ascent into the lower to mid 80's price flow area, in our Friday into the close game. The question is, will it stop there? Or will it do that 'throw over', closing in an ecstatic burst? Market looks pretty giddy to me.

It might 'fail' here at 79.50, four ticks shy of the high. I can't imagine they don't fulfill their destiny, but you never know, so I'm watchful.

Destiny has a funny way of coming true...

Something I have tried to live my entire life by. It's why the entire KT methodology exists.

"Find and fulfill you destiny."

From the movie Clash of the Titans

I try to fulfill mine by figuring out what the market's is. Ponder that.

http://www.youtube.com/watch?v=oP74g7kY7XQ

High hit to the tick. Be very careful in here. Very careful.

C'mon, gun those stops for me.

Fulfill your destiny, Mr. Market.

in the context of knowing the odds of closing at an extreme on an opex friday you had to kind of expect a midday low and squirt up into the close....fib city at the low too