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MarcinO
Rep: 67
Posts: 5,506
I'll start with the Euro again.
1.2385 is my next strong area, assuming continuation of a downtrend.

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6e 2014 11 30 png
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MarcinO
Rep: 67
Posts: 5,506
Deep W2 in the Euro would be nice.

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6e 2014 12 05 png
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rat89
Rep: 0
Posts: 7,015
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screen shot 2014 12 05 at 10 13 29 am png
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rat89
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Posts: 7,015
perfection is in the blue fib box where all the lines meet.....not saying it will get there, but it's the perfect short setup

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screen shot 2014 12 05 at 10 18 39 am png
RA
rat89
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Posts: 7,015
hard to tell if there is another higher high as indicated in the 15 minute chart, which would basically put price at the upper green line on the 60 and cause a redraw of the blue set, or if the .786 - .886 area at the upper blue liine from 117.93 -118.33 is a retest that will govern. Either way there is a short already in play, or coming soon. I kind of lean toward the coming soon scenario, but that could change.

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screen shot 2014 12 05 at 10 22 36 am png

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screen shot 2014 12 05 at 10 22 45 am png
JI
jimkane
Rep: 3,058
Posts: 33,089
This is really just nuts. Look at this stock (CTRP) on first say a daily, then a 15-min, then 5-min, and then you can see this clearly on a 1-min. It is plain crazy.

http://www.zerohedge.com/news/2014-12-05/skynets-favorite-harmonic-oscillator-algo-back
JI
jimkane
Rep: 3,058
Posts: 33,089
That might be it on the downside.
JI
jimkane
Rep: 3,058
Posts: 33,089
If this did sell, something I doubt will happen going into a Friday close on a day another new all-time high was put in, it might go to around 70. Woo-hoo, that's about four whole points. Some sell, that.
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jimkane
Rep: 3,058
Posts: 33,089
Okay, 70ish at least has a shot.
JI
jimkane
Rep: 3,058
Posts: 33,089
Nope, they don't want it. So, they do the pop, like always. I'll watch to see what they do at the trend flow, but I think it's the last hour on a Friday, so it pretty much can only go one way.
JI
jimkane
Rep: 3,058
Posts: 33,089
That was a snappy reaction to that 1-min downsloping TL. But I expect the recovery will be just as fast. Once over it, it is free to run.
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rat89
Rep: 0
Posts: 7,015
you have a key line pie?

Originally posted by jimkane

Yes, but add in a key line that this was the third time it used, and you really have something.