The Vostroff-Accumulation

Sponsored by Craig &

An impulse bottom is formed with a breach of the Hourly 216-sample 2.5 std HL2 Hourly Bollinger Band and with a fractal print that is a 216-sample lower low that does not get closed under by more than 2 pips in the coming 14 hours despite of being challenged and briefly surpassed.

The middle of the text lines up with the trigger low.

The Vostroff-Accumulation starts with a volatility breach (i.e. price going above the 30-sample 2 std HL2 Upper Bollinger Band).

A crucial make or break point is the 13th hour’s close relative to the trigger low: the fire serpent cannot be get further away than 50 pips, otherwise the whole pattern would get invalidated (bogus with techno jargon).

After the volatility breach there are 3 selling legs to a support level. After the second leg down this level would become more apparent as some of the closes would start marking this level up quite clearly.

The third sell off would be a little shorter than the previous ones, making a higher low above the second low and it would merely touch it before receiving a stronger rejection.

The pattern may take 4 days to play out and would rake up 300+ pips from the low.

The bird signals? Left in from previous ventures. I now refer to them as E44 fountain switches and can’t quite remember why I did what I did with them, but they are sort of a confirmation of the new direction.

   ///E44 fountain switch
    
    if (i>0 && iFractals(symbol,0,MODE_LOWER,i) && (iHigh(symbol,0,iHighest(symbol,0,MODE_HIGH,5,i))-Low[i])>240*Point && Low[i]<iMA(NULL,0,44,0,MODE_EMA, PRICE_MEDIAN,i)+30*Point
          && RSI2[i]>5.5 && RSI2[i-1]>5.5 && Low[i]<(Low[i+3]-30*Point)
          && (Low[i]-iLow(symbol,0,iLowest(symbol,0,MODE_LOW,11,i)))<360*Point 
          ){
         j=i+3;
         while (iFractals(symbol,0,MODE_LOWER,j)==false)
         j++;
         if (Low[j]<Low[i]+30*Point){   
          ObjectCreate("VALIy"+IntegerToString(i), OBJ_TEXT, 0, Time[i], High[i]-50*Point); 
            ObjectSetText("VALIy"+IntegerToString(i), CharToStr(94), 66, "Wingdings", Black); 
            ObjectCreate("VALIx"+IntegerToString(i), OBJ_TEXT, 0, Time[i], High[i]-50*Point); 
            ObjectSetText("VALIx"+IntegerToString(i), CharToStr(94), 56, "Wingdings", SpringGreen); 
         }
      }

I believe this pattern to be a Vostroff-Accumulation suspect:

The level seems to be 1.0520

This time siphoning got carried on until the US close.

You can see the higher support level that was made with the last 2 hours of selling right into the daily Bollinger Band. Things are happening slower this time, but this does not mean that they are not happening.