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.

If it has 'momentum' then 55.75 here is all it should drop.

The next area is around 61, but if it takes out this high it blows out a major area, and 61 is just local stuff.

See? See how this works?

Watch here now for the next clue.

And they come in, right on schedule.

And the roll on cue. Even on the tick chart it is just pure technical movement, in my opinion.

And the bounce there off the backtested TL from before. Yawn. One little area to the next, over and over. It's just nuts.

'My' AZO is just exploding. It's a stinking auto parts store. Why are they so favored for pumping, except that they aren't that liquid and are easy to push around?

Yawn. Chop, that's all so far. Been there, done that.

I am 80% chop, 20% upside breakout from this obvious coil right now as my odds.

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!