Starting it off.

ABCD to 93 with TL fakeout?

But a long term line at 2001 was enough to send it up so far.
If they cannot paly with the lower TL than they will do it with this one.

.886 retest if they want it:

Okay, big stops are run at key previous support, now we see if 83 area is the plan, or if this will hold 'for now'. I can't imagine, right now, this stopping, but the game has been played, and a bounce would set up the next game, so I'm ready.

Anyway, silly as it is, I think that low was worth a shot, for those who caught the entire move, and were anxious to take profits and not let it ride any more, and thought a bounce was due.

Those doing that would have to be exceptionally responsive to any weakness after even the tiniest bounce, because fighting any 20+ point move nowadays is usually an exercise in futility, so aborting this premise quickly would be a necessity. I'm just trying to outline a very advanced setup here, for educational purposes only, of course, so it can be observed/studied as it happens.

Okay, now we see if this is a higher low, or if that was all it could do. It's not been a 'short-covering' bounce, that's for sure. It looks done.

But, they may make it look weak, then get on it, so I'd tend to be a little patient here.

C'mon, baby, come in on it.

BTW, 96.50-98.00 is the first area above the tiny little timeframe here, which may be way more than it can handle.

Too bad!

Originally posted by MarcinO

I'll be off the forum till 22nd September.
See you then. I already miss the action and all the posts in the forum during this time!