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.

Nice discussion today, rat, I appreciate it.

50 handle on crude. Right in the heart of the area I mentioned. Now we see.

Hard to believe it has sold down over 25 points from the HOD in here and the market is up substantially. What an odd sensation that is.

Die, pig, die!

Marcin must be really busy today...

I was wrong yesterday. Euro didnt't need to make it higher. TL fakeout was enough to comeback to downtrend.
Let's check this ABCD.

Yes, Jim.
I had only some time in the morning my time to trade and then had to quit.

Originally posted by jimkane

Marcin must be really busy today...

Original target looking better and better IMHO

Originally posted by MarcinO

I was wrong yesterday. Euro didnt't need to make it higher. TL fakeout was enough to comeback to downtrend.
Let's check this ABCD.

Click image for original size

Lets see if Gold has found a bottom, interesting battle taking place, but I'm Bullish for now.

Do you mean breaking above 1.25?
I'm not sure about bias into any direction right now, when KZ ABCD failed.

Originally posted by Duane

Original target looking better and better IMHO

Originally posted by MarcinO

I was wrong yesterday. Euro didnt't need to make it higher. TL fakeout was enough to comeback to downtrend.
Let's check this ABCD.

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!