I will start this discussion topic with EURUSD chart.
On Friday it reversed six pips below the zone. I assume it may hold for a while and give some reaction but then it will be crashed.
Just my opinion.

Now here's where the ES just breaks my heart, crushes my dreams as they swirl down the drain. It drops right to the little 'W4' ABCD low there, and now it will explode up. Watch and see. A little bounce here for a little bearish 'W2', one with (obviously) a low high, and then a crushing roll into 'W3' would be nice, but it's just a fantasy. The market would never respect such a beautiful area when it's so strong, would it?

I'd say this is for my newer readers, but it's for almost all my readers, because most still don't 'get' my way of teaching. If most don't 'get' it, then in reality, it's not that effective for the majority. Those that 'get' it tell me they love it and don't want me to change, but the rest, especially those (which are a big part) who don't speak English as their first language, struggle with my points. Anyway, I am trying to make a point or two in my last posts (well, in all my posts), so try to grasp what I am saying. It's more than just the technicals I am presenting there.

So, look what just happened. Now reread the posts. Now look where it is at this point. Reread the posts.

From the movie Searching for Bobby Fischer:

"Don't move until you see it..."

Why did it stop here? It was dropping like a rock, then it just stopped dead. Like, out the the blue, it just stopped. Why? KZ off the morning low C point (in my opinion), which also overlaps with the .300 from the A point. Now, if an ABCD isn't going to play out (but does have an initial reaction), where does it go in my experience before it heads back up? The KZ of either the A or C points.

Understand, I'm not saying a reaction there means it will fail, I'm saying if it does fail my experience is that is how they fail them many times.

Bounces up in a little bearish ABCD right to a key line, and there's the new low. Now watch to see if this is the one more push into the A point KZ and that's it. Just follow the technicals step-by-step. Use all the tools all the time, for clues.

And yes, next watch the ABCD (with an ABCD in the BC leg, the one that sent it down here), to see if that's what it wants.

It may be done in here at this ABCD area. If not, I'll post lower levels in case, but this is probably all they'll do before they start their games again. 76.00-.50 and GZ at 72.25-73.50. And what I want, 'the move down', which is around 68. But, alas, I'm dreaming again.

i hope traders can grasp this.... it is why i watch for the rotation thru the index etf's..... though the geometry was radically different in each etf, price at 1130 aprox was at support given by our tools in all..... and at 100aprox upside resistance had been hit in all, despite the different geometry

Pretty disgusting, huh? And 1,000% what I was expecting.

I realized it now ..... Thanks Jim .