The Euro made it to a serious support area. The heart of it is around 1.2250 so a deeper move into it might still be in play.



The curious thing about this layout is that it doesn't really matter if we get one, ore more, push to the downside, geometry indicates 1.2330 region as a serious correction level. What's even more interesting, if someone wants to play aorund with Fibs and MLs and adjust it now at 1.2250 (although it has not been hit yet), they will give additional confirmation of the 30s importance.

Cable is in a similar position to the Euro - some small downside is still possible, but it looks ready for correction.
My areas are: 1.5605, 1.5625, 1.5655-65. The last one seems too large, but it moves in more overlapping way than the Euro, besides it falls between .685-.786 - a ratrecement zone it follows recently quite frequently.

Cable close to 1.5605.
For me the most probable scenario right now is a bullish correction after hitting it and continuation to the next level higher.

Apart from the areas posted tomorrow, 1.5640 may be also a serious level.

The Pound stopped exactly at the lines crossing. 1.5610 is a nice correction level if they are going to push it higher to .15665.
With respect to the Euro it made it right to 1.2250 and reacted but I'm not really sure it has shifted yet.

ES.
65-67 and up?

Jackrabbit start off of the top of the area.
Be quick or be dead.

Cable in 1.5610-15. This might be it.
If not, my next levels are 1.5593 and 1.5575-80. The latter has the best timing factor around RTH close.

It's backtesting two price flows now. If they fall upside scenario chances will increase greatly.

Originally posted by MarcinO

Cable in 1.5610-15. This might be it.
If not, my next levels are 1.5593 and 1.5575-80. The latter has the best timing factor around RTH close.

Crude has a super-key TL around 47, and I'd think they'd want to screw with that. Then the key area is around the previous low, 33-36 and change. If crude gets into the 30's I plan to 'go all in' in every way, shape, and form I can on crude. Whether I will have the nerve when the time comes to break the rules and put a goodly portion of my eggs in one basket will remain to be seen. Many will be looking for a repeat of the last time it hit that level, and that worries me tremendously. But, crude staying in the 30's for any period of time? That could only happen if we are in complete collapse mode, and that would have to include China, who would be willing to buy the entire world's supply almost indefinitely at that price. it's all very 'odd'.

Bottom line, crude is at a monster area right now. The 47 TL area is obvious. And the 33-36+ area is known to every person on earth, even the handful of people in indigenous tribes who have never had outside contact. Even they are talking about that level. So, all I can say is, this is ripe for insane levels of games. It's going to be a lot of fun, let me tell you that!