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.

It's struggling a little with the area/pattern, but it's almost over. The struggle is almost over...

1.000 ABCD to the tick... Key line to the tick...

Checks back, again, to almost the .382 of the last leg... We've seen this before.

Watch 88.50 area next.

In the KZ now, though, off the low, so that may be it.

There is so much at this ABCD it's just crazy. If it doesn't turn this down, that says something. But remember, setups don't turn markets, 'context' does. Setups tell one where to get in, they don't say what will happen. The greatest looking setups fail all the time, with this or any methodology, if they are set up against the 'context', against the desire of the market. Such it may be here.

But, it is also possible they are doing everything they can to make it look strong. And in that regard they are doing a great job, because I can see no way this ABCD won't get blown out to the upside. No way. If it is to play out, what better of a way to make it look than that?

But that's just dreaming on my part as I try not to fall asleep waiting for 'the move' as the time of day gets right.

Those buyers should be showing up any time now to get this blasting off.

Ready? They're here...

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