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MA
MarcinO
Rep: 67
Posts: 5,506
Lot of lines coming together in the KZ, just above a TL.

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es 2014 05 04 png
RA
rat89
Rep: 0
Posts: 7,015
kz strikes again



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screen shot 2014 05 07 at 10 50 39 am png
JI
jimkane
Rep: 3,058
Posts: 33,089
Important spot here to see if any more upside is coming, or if chop is the game.
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rat89
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Posts: 7,015
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screen shot 2014 05 07 at 2 27 23 pm png
JI
jimkane
Rep: 3,058
Posts: 33,089
Tiny little checkback, then up. But as rat has shown it sure is 'up against it' in here. It looks like it plans to take all that out, but we'll see. It's really about 'management mode', and it does what it does.
JI
jimkane
Rep: 3,058
Posts: 33,089
Being cautious...
RA
rat89
Rep: 0
Posts: 7,015
and they took it right where the .50 meets the .886
JI
jimkane
Rep: 3,058
Posts: 33,089
And now at the 1-min .447. Now we see.
JI
jimkane
Rep: 3,058
Posts: 33,089
See why I was cautious?
JI
jimkane
Rep: 3,058
Posts: 33,089
ABCD now with an ABCD in the BC leg, at the 'backtest' line. Now we see. Any upside momentum would be lost if this doesn't rocket it up.
JI
jimkane
Rep: 3,058
Posts: 33,089
Now here's the thing. It does, indeed, rocket right off the area, as I expected. But, now it's right at 'price flow'. If this was going to play out with a strong trend it should explode through this area. Instead, I suspect, it will chop. End of the day, time to chop everyone to ribbons instead of do something meaningful. After all, that's the new paradigm. Let's see...
RA
rat89
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Posts: 7,015
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screen shot 2014 05 09 at 11 11 24 am png