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MarcinO
Rep: 67
Posts: 5,506
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.

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6e 2014 12 07 png


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.

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6e 2014 12 07 2 png
JI
jimkane
Rep: 3,058
Posts: 33,089
Boy, the ES is just loving that recent ABCD there. I think it wants the next level. But really, if it can get there, what is to stop it from following through to new all-times highs? Nothing I can think of.
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MarcinO
Rep: 67
Posts: 5,506
Gimme this abcd please.

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6e 2014 12 10 png
MA
MarcinO
Rep: 67
Posts: 5,506
Click image for original size
es 2014 12 10 png
MA
MarcinO
Rep: 67
Posts: 5,506
Euro looks ready to break out of congestion started yesterday in KZ.
MA
MarcinO
Rep: 67
Posts: 5,506
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es 2014 12 10 2 png
RA
rat89
Rep: 0
Posts: 7,015
.886 at line on a day that opens with a gap

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screen shot 2014 12 10 at 10 32 48 am png

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screen shot 2014 12 10 at 10 34 16 am png

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screen shot 2014 12 10 at 10 35 07 am png
RA
rat89
Rep: 0
Posts: 7,015
make or break:

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screen shot 2014 12 10 at 1 18 49 pm png

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screen shot 2014 12 10 at 1 18 58 pm png
RA
rat89
Rep: 0
Posts: 7,015
line to line

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screen shot 2014 12 10 at 1 15 41 pm png
RA
rat89
Rep: 0
Posts: 7,015
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screen shot 2014 12 10 at 2 12 55 pm png
JI
jimkane
Rep: 3,058
Posts: 33,089
Nice stuff, crew.
JI
jimkane
Rep: 3,058
Posts: 33,089
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!