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MarcinO
Rep: 67
Posts: 5,506
The Cable stopped at 1.5023 exactly at intersection of two key lines from weekly/daily timeframe,
That might be it for a couple of days, but I wouldn't exclude further move down to about 1.1460-70, so as to hit obvious SL, before some correction.

I'm looking at 1.5140 and 1.5220-40 levels as interim AOCs for bearish correction.

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6b 2015 11 08 2 png



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6b 2015 11 08 png
MA
MarcinO
Rep: 67
Posts: 5,506
Come on. That upsloping TL is waiting, and low fromEuropean open (1.5088), too.
MA
MarcinO
Rep: 67
Posts: 5,506
It reacted off that TL. 1.5130 may be a C point, for a nice ABCD to 5080.
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rat89
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Posts: 7,015
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screen shot 2015 11 10 at 10 30 37 am png
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jimkane
Rep: 3,058
Posts: 33,089
Yeah, rat, it's sitting on it, for sure.
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jimkane
Rep: 3,058
Posts: 33,089
If this comes out of this congestion here (chop, really), I am looking around 80 and 85, +-.
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jimkane
Rep: 3,058
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I think it has a reasonable chance of taking a shot at that today.
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jimkane
Rep: 3,058
Posts: 33,089
Is it making its play?
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jimkane
Rep: 3,058
Posts: 33,089
Okay, games right at the RTH HOD are expected.
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jimkane
Rep: 3,058
Posts: 33,089
80 on the way.
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jimkane
Rep: 3,058
Posts: 33,089
Cah-ching, cah-ching, cah-ching. My only question is 80 area, or 85 area.
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jimkane
Rep: 3,058
Posts: 33,089
I actually logged back in to make one more post. Look at how the ES finished in the little after futures Friday session! Another dump down, closing just off the new LOD, which was set at 2011.50! Sure, 'they' may come in like gangbusters on Sunday, but wow, is this weak. That change in tenor I got, it was no joke. I am so glad I posted that when I sensed it. I think the 1950's might be next.