I'll start it off with the Euro.
Last week after a huge move it went up to 1.10 which was a nice technical level, although not very precise. Right now it's hard to access whether it is going to continue bearish correction or a downtrend. All I know, is that from a shorter perspective I will be looking for a play between 1.0770 and 1.0920.
One more push up to about 1.1030 before the next wave down is also a possible scenario in my opinion.

Euro opens with a gap, exactly at key long term lines (not shown i the chart above).
It seems they will close it very soon.

I wonder if this is 'coincidental'.





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Euro on the way to 1.1030.
Volatility is enormous.

1.0990, roughly, will be next test level for the Euro, I guess.

Yeah, fantastic for trading. An as I said, no SHTF yet. When it does, I think 500-1,000 pip daily ranges may be the norm. I recall the ES swinging 10-20 points over and over in several minutes was the norm, and 100 point ranges were common.

Originally posted by MarcinO

Euro on the way to 1.1030.
Volatility is enormous.

Anyway, I have been studying this monster fractal, perhaps the most complex I have ever seen, and it completed at the HOD today. It was possible it would take some time and go up another point or two, but otherwise, it's done. This may indicate some hardcore downside coming. We'll see, but it looks to be started.

And despite such dynamic moves it sees the lines. Amazing!

It's possible this could get picked up near the previous low, form a range, and roll in that, setting a nominal new high, until near the close on Thursday, but I rather suspect it's done. This scenario, though, of a few days of ranging in here, is also possible. My viewpoint, though, is heavily, heavily short. Much, much shorter than Danny DeVito.

Next stop in the 1960's in short order (in a month or less)?

They had to finish it like they ran it all day. Crap chop in a range, sitting right on the range of the last five hours. Still, for a scalp, that pop right when I said was the easiest money I could imagine.