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.

Yep. Looked for all the world to me like they were trying to make it look like it was an 'obvious bull trap reverse psychology not really a bull trap' scenario. So, they make it look like it's a bull trap that is so obvious to see that you figure it won't play out. But this time it was so obvious it was ridiculous, and it was exactly what it looked like. I guess, like obvious trendlines, if some of the very obvious ones don't play out exactly as they look, no suckers will play them any more, so they have to have a certain amount of them do just like what they 'should' do. Usually I can tell, this time I got fooled completely.

Originally posted by rat89

bull trap in the kz on iwm

Looks ready to dump hard. The usual read in a layout like this is it's a trap and it's going to pop up. Now, when does second guessing become third and fourth guessing? I think this will dump this time.

And while I was trying to fix like four typos in that short post it started to dump...

But, it swept all that out, and sits on a key spot. So, if it was a sweep down trap that was make to look super-weak, now is the time for a pop up.

in my bigger picture view, this is most likely the short setup to drive it down into the bear trap area around spx 2050, to set up the move to 2200 area...

Let me just say that right now my reads are at about 0%. Like I usually say, I'm either about 100% on with the reads, or 100% off, nothing in between. I have theories why that is. By this I don't mean finding the areas technically with the techniques, I mean reading the second by second action and trying to read the tenor of the market at that moment, what it intends.

Yes, your last chart shows clearly why that is a likely scenario.

Originally posted by rat89

in my bigger picture view, this is most likely the short setup to drive it down into the bear trap area around spx 2050, to set up the move to 2200 area...

Time to blast up now. Let's see if I'm still in the 100% off category.

Pound is testing my patience for the whole day. Timing factor shows that it can get to my area now or a bit later.
The risk is that the high of the move will take place at 20:30 EST (middle of the night in Europe), as it did yesterday.

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.