Starting it off.
I'm not sure if I will be able to place anything valuable today, as I have just arrived home and need to see what happened on Friday and Thursday.

No way! I just started this topic, and I got an error message. Marcin was starting it at the same exact time, and his posted right before I hit post, so it saw there was already a topic with this title. Crazy!

Sometimes a coincidence is just amazing!

Originally posted by jimkane

No way! I just started this topic, and I got an error message. Marcin was starting it at the same exact time, and his posted right before I hit post, so it saw there was already a topic with this title. Crazy!

Friday's HOD for the Euro was on a very strong area. If this is going to be a repetition of very common fractal for this issue, it will result in a rapid move down.



Even if this scenario doesn't play out I would expect a serious bearish correction. Tomorrow Euro is likely to hit 1.0720 or even 1.0660.

Just woke up and checked things. I'm almost too groggy to post, but I will. The long area from Friday is paying off handsomely, as expected. It up on a key area from here to a little higher. It will be interesting to see how it handles it. I'm not really expecting much down, but if it is going to dump this area is a good one for it to do it off of. Back to bed, just wanted to point out my thoughts.

1.0720 has produced a very nice reatcion so far.
I have a plenty of stuff that can send it down around 1.0790, although it's a wide area.

.886 is at 20.15 - retest one penny over if they want it:

You know, sometimes I wish I would just post every thought I have when I do a post. But, when I wake up groggy and make a post, it's hard. Last night I wanted to say if it continued up and didn't respect the area there (which I posted I didn't think it would respect), 97 (center of area) was the next spot, and the magnet I thought it was headed for. All I can say is all my recent students should be able to find that in a blink, since it's using one of the newer basic tools I now teach. The high was 97.50, which drew a nice checkback so far. It will be interesting to see if it really does some selling off this, or if they just go for the all-time highs like I expected before. Hard to believe it's up 43 points by my data off the Friday afternoon low. Holy cow this thing can move. What a play! That Friday low was within one tick of a particular calculation I do in situations like this, from the 240-min chart. Just nuts.

And yes, I could have posted the 97 level before my wake up post, since I had that level even before the Friday low was put in. So I have no excuse for not posting it, expect I didn't think about posting it until I saw it getting close. My enthusiasm for posting, like I said, has been severely crippled. I don't know if it will ever recover.

Big pop there in the ES. It sure looks ready to take out them highs. That was a nice ABCD there around the close to set up this move. Nuttin' but up. I can't imagine when it gets back to that key downsloping TL and price flow, now at about 2104, that it will be denied. But, who knows...

Bathroom run and back to sleep. 2105.25 draws the checkback. Now we see. I figure the odds at about 85/15 they take it out and take the highs. My only question is do they bring it in for better prices in the AM before they launch. BTW, if this thing wasn't so manipulated I'd say there is a moderately good chance of some selling off here. But, that's not the world we live in. Back to bed, I just wanted to post that. Oh, and the play off the RTH close area, the methodology indicated rapid scaling out off this area, and depending on trader preference, a partial being held with a wider stop, or ready to wrap it up.

Watch this 97.25 area very closely. Okay, now I go back to bed.

bear abcd within the bigger bear abcd - in other words, the c-d leg contains abcd