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MarcinO
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Posts: 5,506
On Friday the Euro hit new high at 1.1470 as expected.
Apart from geometries shown below the structure of the move, let's say on M60, is very similar to patterns that has preceded previous correction recently.
It might be current level that will stop it for some time or 1.1520 after one more move up. If these areas don't hold the next serious level before low 20s is about 1.1750.

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6e 2015 05 17 f png


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6e 2015 05 17 2 f png
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jimkane
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Posts: 33,089
Reading that imminent sell dead on really made my day. I totally saw it at 31.00. That was amazing. I mean, to have enough clues to read it that early, that was what was amazing.
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rat89
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Posts: 7,015
oh, around... ;)

Originally posted by jimkane

Where's you learn to talk like that, rat? Too funny.

Originally posted by rat89

come on....give it to me at the lower line....


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jimkane
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Posts: 33,089
They sure look like they want to sweep the downside (again). But now we hit into the dead zone for awhile, so I'm not sure how this may change as the European open draws closer. This should be an interesting overnight session.
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jimkane
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It sure acts like they want to sweep it out well before any European open action. Interesting. That may be a sign of a change of character.
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rat89
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screen shot 2015 05 20 at 5 52 43 pm png
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jimkane
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Posts: 33,089
That was a sweet drop there. This short has really been a lot more impressive that I expected when I first saw it.
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rat89
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my gut says they trap the bears tomorrow or the next day and either send it up for a retest or a marginal new high. Perfection is just above the high hit today. But bigger picture suggests this area is the exit.

Originally posted by jimkane

That was a sweet drop there. This short has really been a lot more impressive that I expected when I first saw it.
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rat89
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Click image for original size
screen shot 2015 05 20 at 6 17 09 pm png
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rat89
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Click image for original size
screen shot 2015 05 20 at 6 12 21 pm png
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jimkane
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Posts: 33,089
I've been watching that blue set for over six years now, waiting. It is going to break my heart (real bad) if it doesn't turn it down hard, or worse yet, if it blows it out to the upside.

Originally posted by rat89

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screen shot 2015 05 20 at 6 17 09 pm png

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rat89
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they had everyone waiting for that area just overhead where there are half a dozen fibs, but just couldn't get there yesterday. I was surprised by that, and thought they would manage it today. It's very possible it's set up for a gap and go to the downside Tuesday.