On Friday Pound stopped right on a monster level, so the move up might be done, at least for a while. However, it likes deep W4s testing W2 highs (in a downtrend), so one more impulse to 1.4260-70 won't be any surprise.

I know what I think is going to happen...

For fun, look at, in rapid succession, SPY, IWM, MDY, and then QQQ on say a 1-min. Notice anything? Yeah.

Okay, so we've had all this action, all these clues to read, it's been great so far, right? Very technical. The range for the day so far? 7.25 points by my data. Wow, that's pretty poor. The days of 20+, 30+, even 40+ moves multiple times intraday, even five or six moves, well, that's been gone for how long now? I miss them.

40 pips reaction so far.

Originally posted by MarcinO

Pound broke decisively above the previous area, but 1.4410-20 is a strong resistance level.

We need some talk about some type of barnyard animal and a shortened lifespan.

I'd love to see at least a 1.272 ext ret off that ABCD...

Originally posted by MarcinO

40 pips reaction so far.

Originally posted by MarcinO

Pound broke decisively above the previous area, but 1.4410-20 is a strong resistance level.

Here they come.

That would be great, but the more realistic level is a typical W4 AOC at low 1.42 or maybe even around 1.4150.

Originally posted by jimkane

I'd love to see at least a 1.272 ext ret off that ABCD...

Originally posted by MarcinO

40 pips reaction so far.

Originally posted by MarcinO

Pound broke decisively above the previous area, but 1.4410-20 is a strong resistance level.

That would be great, but the more realistic level is a typical W4 AOC at low 1.42 or maybe even around 1.4150.

Originally posted by jimkane

I'd love to see at least a 1.272 ext ret off that ABCD...

Originally posted by MarcinO

40 pips reaction so far.

Originally posted by MarcinO

Pound broke decisively above the previous area, but 1.4410-20 is a strong resistance level.

lolol....long live the sheep?

Originally posted by jimkane

We need some talk about some type of barnyard animal and a shortened lifespan.

It's been a wonderful week for me. I want to thank everybody for their comments and charts and I'm really happy to be included here. This is a breath of fresh air to be with a group like this. Thanks to all for putting up with my "newbie" questions and learning process. Hopefully I can climb the learning curve and be up on the slope where you all are! Everybody have a great weekend and will see you on Monday!