How to interpret the Stochastic Combo and the RSI2 Hedge?
When energy gets exhausted, a sideways to counter direction move is necessary to recharge it.
The upwards purple has no other meaning than showing that price recovered quickly.
Price pulled back to 1/2 way between Mr. Maroon and E32
Also, look at the subtle change on the Stochastic Bars pointing out the location of the ultimate head
So, would there be a higher high? Very likely. The question is how much the beat would be. On the downside it was 2 pips.