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MarcinO
Rep: 67
Posts: 5,506
ES still in a decision area. So far it is still unclear whether the move down to 1818 was the whole correction or W1 / AB leg of a bigger pattern.
Structure of the last advance indicates that the latter is more likely to be true.

Click image for original size
es 2014 01 12 png
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jimkane
Rep: 3,058
Posts: 33,089
Give me 23.25-24.75, pleeze. (Yes, I know how to spell it properly.)
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jimkane
Rep: 3,058
Posts: 33,089
'They' really want to call it quits at this ABCD, and I really want it to be a 'W3' and not a CD leg. Ah, the classic standoff.
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jimkane
Rep: 3,058
Posts: 33,089
Anyway, great charts today, crew.
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jimkane
Rep: 3,058
Posts: 33,089
Straight up. Of course...
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jimkane
Rep: 3,058
Posts: 33,089
I guess best case scenario now is weakening into the close, but no more real selling.
RA
rat89
Rep: 0
Posts: 7,015
gotta love the way they picked it up right at the .447
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jimkane
Rep: 3,058
Posts: 33,089
Yes, with the B point at the .300. Totally random, yeah, right. It was too much to ask for this to be a 'W3' into the close. But, I can at least dream...

Edited: Corrected 'A' point above to the correct 'B' point.