avpcap, if the market breaks below YL expect the expansion to the yellow zone (set based on prior's day volatility) Also, you can use the ATR indicator as @HaLBot mentioned in his post. I use an 80-120% zone for this indicator to look for a ...

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TV, you are cutting the learning curve with unbelievable strides...I am out today. Good luck to all of you.

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Anytime TV, if I may suggest, just keep it simple... 2 patterns work for me well, I look for ABC or AB=CD forming than when ABC is completed I set the zone for potential W4. Keep in your mind (or on the screen) picture below, try to determine the ...

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TV, here is what I use to set my zones in advance... url

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TV, I mentioned 2-3 days ago that GU might be forming ugly W4 on the daily chart, so far support for this wave 4th on lower TF holds...we will see.

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Here is the PA inside previous week range...and decision time is coming

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TV thanks, ...Agree that Dow Theory and a few horizontal and diagonal lines would do the same trick but we humans like to complicate things. ...My zones are set in advance please check my posting in EUR/AUD from May/June. Below is the same 5M chart ...

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khalid33, don't forget before GU hit your 2400 level this scenario might be in play...just the thought

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and now back to our GU charts...

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...

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Moty, I will play devil's advocate...you know everything that is on my chart.

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possible, for now, I play daily range day after day until GU gets there... if gets there at all

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yes, possible triangle in W_4 equals mess for the next few days...

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Moty, why do you go always for the home run?...singles and doubles will build your account faster...

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knkie, roger that... Edit: correct chart, sorry

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navk, neither do I...bulls aggression at demand zone was huge, now bears have an enormous task in front of them to get thru it.

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some of the traders missed @navk's memo on Thursday about a candle in the red circle...oh well...

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@fontu, @Moty, @asgcorp, @b_hand excellent analysis. I won't bring anything new to the table with my post because you covered the topic extremely well, I just want to join your club.

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the second deviant joined my ignore list

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