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.

Hopefully the selling will resume.

This all could be a big ABCD 'W2' they just did (look on a 240-min), and now some real downside can get going.

Major key area in the 1970's, and I'd love to see that as the next stop, and then some real selling.

2016 (center of area) is the next area on the immediate timeframe.

Actually I call 2016 the center of the area, but it's like comparing median and mean. It's the spot where the heaviest things come together, hence it is my center, but that area is in the lower part of the spread of the area. Just tossing it out there, not that it's a key point or anything, and heck, we may never see it.

this has the feeling of taking out yesterday's low tomorrow

And that lines it up perfectly with the 2016 area, since the low was 23.25. and the high end is around 21.

I can't believe that quick little sell there was 15.50 points by my data. Holy frickin' cow. The action is back. Up over 30, down over 20, up over 10, down over 15, all in smooth trends off areas. This is just sooooooooooooooooo much better than a six point narrow range chop day (not that we have many of those anyway).

and they keep selling after the close....gotta run

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!