Secondary Wave Structure

The Secondary Wave Structure is a volatility freak.

It is brought on by a prolonged, 3-wave quick break (the waves may be only visible on 15 min or even below).

The secondary structure does not have a good footing, for it does not originate from a stretched zone (Bull Zone or Bear Zone) and is preceded by a primary wave structure.

I call it a volatility freak, because the actual, directional turns (from Wave 2 to Wave 3 and from Wave 4 to Wave 5) only happen at extremes with a well pronounced continuation divergence.

Wave 1, 3 and 5 in the secondary wave all set up reversal divergences (30 minute chart) and Wave 5 has a defined 3-wave push playing out.

One hint would be looking for a red tail + higher high / lower low (depending on direction) on the 30-minute.

The Liquidity Break goes too far: a Wave 1 would fail not much beyond the sound barrier.

The daily fuel limit was known even before the day had started.

The final Countup is on.

The 5th Wave is expected to start from beyond E-16.

finding these two red tails:

ExtDownFractalsBuffer[i+3]!=EMPTY_VALUE && High[i+1]-Low[i+3]>80*Point && High[i]<High[i+1] && High[i+1]>High[i+2] && iMA(symbol,0,32,0,MODE_EMA,0,i)>iMA(NULL,0,135,0,MODE_EMA, PRICE_HIGH,i) && Close[i+1]>iMA(symbol,0,32,0,MODE_EMA,0,i+1)
      && Low[i+2]>iMA(symbol,0,32,0,MODE_EMA,0,i+2)
&& Low[i+3]>iMA(symbol,0,32,0,MODE_EMA,0,i+3)
&& Low[i+4]>iMA(symbol,0,32,0,MODE_EMA,0,i+4)
&& Low[i+5]>iMA(symbol,0,32,0,MODE_EMA,0,i+5)
&& High[i+1]>iMA(symbol,30,414,0,MODE_EMA,PRICE_HIGH,i+1)