The Big Baluga

Quoting Macdulio’s Trading a Break Away Gap article from the 12th of September.

Actual stretch achieved: 9.4x

The market stayed outside the 5x stretch marker (in white) and made a push from beyond the 8-hour EMA of opens.

The counter effect is in progress as long as the new 4-hour low would be a higher one at settlement.

Friday’s close was another acceleration (2nd Blue Line)

Oh yeah, I forgot to mention. The bottom in the Euro is in.