Raindrops are falling in the brain…
Living’s in the way we die. (Few understand this).
What is happening?
Does this look good?
Does this volatility crush / mean reversion freak you out?
Blinded by the light?
Oh yeah, back to the topic. Traps. ET.
Now, counter moves fizzle out on two Excessive peak prints & their initial drive is usually a subdued acceleration not achieving a 30-sample bracket break on the 5-min.
The thrust of the correction is also volatility based. 26+ pips is high relatively high, 16+ is two steps down, then 8 and 4. The highest reading would just exceed 32 pips.
So is this setup bullish then? Remember the E+E. Look at those trip wires right above. Think of the embedding come next week… and hedge for crying out loud.