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.

It was good for a nice 4.75 point pop by my data.

Now, let me toss out a few clues without saying too much that is proprietary in the forum. See, the question arises, why would the ABCD be so 'shortened'? Do the two most obvious sets, on say a 1-min, for the setup. The first two you'd see me put on if you were watching me. Look what it did. See the sense of it all?

Originally posted by MarcinO

Got it!

Originally posted by jimkane

Perhaps my favorite pattern just triggered to the upside on the 1-min.

Watch this flat/4PT hybrid right here.

Yeah, that one it is exploding off of.

It sure acts like it wants to take a shot at that next level. But, I don't see how...

As I mentioned earlier, here's what it likes to do. Not in the RTH this time, though. Maybe later, but I'm thinking likely not.





Source: http://www.zerohedge.com/news/2014-12-08/stocks-suffer-mini-flash-crash-just-4th-hindenburg-omen-spotted

And that's pretty much what it did. I still sense they want to gun it up, but every time they try, it fades off.

Originally posted by jimkane

The most 'normal' behavior would be chop within the bounds of the LOD and the bounce high, with some 'testing', but when is this market ever normal? Watch the little bullish ABCD here for clues. I know what I expect...

I wants to run.

I can't get over how many times they gun it up hard and fast, and it comes right back down.

Basic stuff. Once you have a key area you may trade corrections in the trend satrting off of the area.

Originally posted by jimkane

Now, let me toss out a few clues without saying too much that is proprietary in the forum. See, the question arises, why would the ABCD be so 'shortened'? Do the two most obvious sets, on say a 1-min, for the setup. The first two you'd see me put on if you were watching me. Look what it did. See the sense of it all?

Originally posted by MarcinO

Got it!

Originally posted by jimkane

Perhaps my favorite pattern just triggered to the upside on the 1-min.

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!