I'll kick it off.

At the high of 120.47 price was just shy of 1.27 retrace of both swings shown (magenta and orange). Short targets would have been the median line and the lower line. This morning, with price at the lower line and .382 (90.62 > 120.47 = 109.07) with positive cci divergence in all timeframes, it is a clear exit and a long entry. First target is at the median line, second exit is at the upper line/ red line.

Wow. It really looks like heading towards 1900.

Ready to breakout out of 10-16 range?

Okay, watch closely here, that might be it.

How did you know that?

Originally posted by MarcinO

Ready to breakout out of 10-16 range?

Is this the ABCD that sends it to 1900? Will it go another leg higher to make it a full flat?

If that's not it, that was the dip there, so let's watch this now for a pop.

Waiting to see if they pick up this dip...

See that? Now watch this ABCD.

I think this is a good overview of the situation. No solutions (since there really are none), nothing new, but a good synopsis.

http://www.zerohedge.com/news/2014-08-02/do-over-groupthink-mass-delusion-and-hell-pay