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.

2100 has some stuff, so watch closely in here.

I'd be so jazzed to get that 96.75 area...

One of my favorite tricks in my book.

Originally posted by rat89

All a trader has to do is say "nothing will ever go down, ever again" when price just keeps going. It worked for gdx just now

Give it to me, baby. I'm going to be pleasantly shocked if it can overcome this area right here.

Yeah, they crushed GDX, nearly a 5% move in not a lot more than a blink.

The ES is really teasing me. 2 points away...

Give it to me, baby. Uh-huh, uh-huh. 1 point away, 97.75.

Notice it's hit the .382, so the area starts here. I hope for a little more...

I'm calling gdx 23.82 the end of wave (5) of minor 1 of C
minor 2 targets .618 at 20.85 or possibly .786 at 20.05

Originally posted by jimkane

Yeah, they crushed GDX, nearly a 5% move in not a lot more than a blink.

Pound is finishing ABCD to the area posted before. That might be it for today.
Time for W4 and another drop overnight or tomorrow.

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!