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.

Recall the GZ. It's on the terminology page.

.886 qqq - love this game

is there an entry for "die pig, die"?

Originally posted by jimkane

Recall the GZ. It's on the terminology page.

That's a great question. No, and there should be. I'll get on it.

Originally posted by rat89

is there an entry for "die pig, die"?

Originally posted by jimkane

Recall the GZ. It's on the terminology page.

ES done testing now, time to pop big? Or just more chop and fake out traps?

It's done.

http://www.mypivots.com/board/topic/4214/1/kt-terminology

Originally posted by jimkane

That's a great question. No, and there should be. I'll get on it.

Originally posted by rat89

is there an entry for "die pig, die"?

Originally posted by jimkane

Recall the GZ. It's on the terminology page.

What a beautiful bearish 4 PT this just formed. We'll see if it plays out. It may just chop endlessly. 'Chop on the low end of the range'. It used to do that all the time, not so much nowadays. But maybe in here. Low 70's is a nice area if it wants to flush a bit but not get all the way to the next higher timeframe area I mentioned (mid to upper-50's).

Every time now they try to sell it at all 'they' come right in on it.

Well, I'll watch the regular bearish ABCD area coming up, but this is acting more and more like a Friday run into the close is shaping up.

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!