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 is the KZ for the last little leg. A move off that would show immense strength. Off a key, profound area like this there should be zero reaction here. If there is, I would only have one reaction: 'Uh-oh'.

'Uh-oh'. But it's forming a lower high here now, right?

No, wait... Like this isn't a tease below the 1-min TL...

'Uh-oh'.

'Ruh-roh'. It's a lower high, I'm sure. Just a shake out.

finds support just below the first hour high

'So far, so good' - check
'Uh-oh' - check
'Maybe it's forming the lower high' - check
What's next?

Originally posted by jimkane

First there's the 'So far, so good' part. That's followed by the 'Uh-oh' part. Then comes the 'Maybe it's forming the lower high' part. After that is the 'Nope, there it goes' part, as yet another beautiful piece of technical art goes by the wayside. This is all easy to avoid, just stay away from late day shorts, which, as a general rule, I think is a very sound approach nowadays (until the worm turns). But, sometimes something is so profound it requires action even when the outcome is almost inevitable.

I may have forgot to throw in a few 'It's teasing me, again' parts...

It's coiling for the next phase. You know, the 'Nope, there it goes' phase.

And there it is...

Originally posted by jimkane

It's coiling for the next phase. You know, the 'Nope, there it goes' phase.

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