Some newer plays.

A fondant is one or two candles with a total length of a 1000 points with wicks both on top and bottom in excess of 24 pips. A fondant defines a trading range. A look above / below and fail would be targeting the other side of the range.

The circled areas are look above / look below and fails. There was only one instance out of the 4 where the next candle took out the terminal point and drew a new fondant. Where was this exactly?

I realize I have not covered all possible sequences just yet, but this is where this starts.

   if (High[i]-Low[i]>1000*Point && High[i]-Open[i]>270*Point && Close[i]-Low[i]>270*Point && i<30){
      ////szaloncukor kombo
   if (High[i+1]-Low[i]>1000*Point && High[i+1]-Open[i+1]>240*Point && Close[i]-Low[i]>240*Point && i<30){

The CHIGH is a Continuation Divergence High. The explanation has to do with the fact of stochastic embedding.

If the market makes a Cover high inside the oversold field, that is the start of a divergent leg down.
///////4-candle high closing back down 27-pips cover
if (iStochastic(symbol,0,18,3,3,MODE_SMA,0,MODE_MAIN,i)<18)   ObjectSetText("Bingi"+IntegerToString(i), "CHIGH", 26, "Impact", Red); 

Let’s toy around with the new boxes a little more for the remaining time.

Where would be price headed and where could it potentially fail in doing so?

Making it into the bottom half of blue box and reversing would mean failing to leave this last gray field. Making it into the upper half would make the failure even more severe: that would be a failed break out as well a failed re-entry. If you look left, you would see a cover low “C” at the same area, that wick is where I would expect the aggression to set in.

This of course if the the last C77 low does not get taken out – remember the exception shown above

or a new 2-candle combo does not come up with a new range of their own on the way up.

If you want your mind to be blown, plot some Bollingers on the hourly with 216 sample and 2.5 std dev over HL2.

Just look at how far this could go with the BB mount opening wide.

Homework: How do you grab an impulse bottom?

   if (iFractals(symbol,0,MODE_LOWER,i) && iLow(symbol,0,iLowest(symbol,0,MODE_LOW,120,i))==Low[i] && i>0){
      while (j>0){
            if (Low[j]<Low[i]) lowerlows++;
            if (Low[j]<Low[i] && Close[j]+20*Point<Low[i]) break;
      if (j==0 && lowerlows>0){
            ObjectCreate("DELIxx"+IntegerToString(i), OBJ_TEXT, 0, Time[i], Low[i]-50*Point); 
            ObjectSetText("DELIxx"+IntegerToString(i), "IMPULSE BOTTOM", 19, "Impact", Crimson);

Hello, ooh-oh, Vienna Calling

Lift up the yellow receiver, I’ll make you a believer. The vertigenta plot was courtesy of Nick Rhodes.

 ////////lower vertigenta
      if (((score[i]==0 && score[i+1]==-3 && (score[i+2]==-2 || score[i+2]==-1))  || (score[i]==0 && score[i+1]==-3 && score[i+2]==-3 && (score[i+3]==-2 || score[i+3]==-1)))
         && Low[i+1]<iMA(symbol,0,207,0,MODE_EMA,PRICE_HIGH,i+1)

End of M leg – same plot, just on the lower indicator