A lot going on this week.

Most importanly I latched onto the 8 EMO like a hawk. Things escalated to the point when I even went into a loop thinking about having to find a protege.

So, thunder, outage, having to walk up 12 floors with my heavy backpack (both lifts down, good thing I did not choose the 17th floor), finding no hot water (boiler needs to be reset too) and a number of light bulbs lit up.

Quickly about Goldie, Silvergate and Scooter.

I measure a fully consolidated charge on the 15-min 48 sample CI above 53.

if (ChoppinessIndex(12*4,i)>53 && ChoppinessIndex(12*4,i+1)<53) break;

weight=(iHigh(symbol,15,i)+iLow(symbol,15,i))/2;

I measure distance probabilities based on the 3-day ATR (starting last day).

      ATRA = 0;
   for (i=1; i<=3; i++){ 
     ATRA = ATRA+iATR(NULL,1440,14,i);}
   
   for (i=0; i<=160; i++){ 
     ATRAVG[i] = ATRA/3; }

   BowBuffer=(iClose(symbol,15,i))-ATRAVG[i]*1.30;
   BighBuffer=iClose(symbol,15,i)-ATRAVG[i]; 
   BowBuffer2=iClose(symbol,15,i)+ATRAVG[i];
   BighBuffer2=(iClose(symbol,15,i))+ATRAVG[i]*1.30; 

The Goldie Locks level is 10 pips shy of the 3-day ATR measured from the consolidation weight.

The Silvergate is 10 pips shy of the 130% ATR measured from the consolidation weight.

My theory is if the Silvergate is hit, the next target is set at Scooter.

Scooter is the 4-hour 216 sample 2.5 sd Bollinger Band. As a complication it may not always be hit, but on the upside it has been bullseye.

If you need to know, the ultimate target is brought on relative to the last impulse wave that made it out of the 14-sample window envelope on the weekly, but it is not the case currently.

So, the bottom indicator.

It is an ATR with pips in plus minus for the last 8 hours & there is a capping at 80 pips and there is a highlight beyond 60 pips.

 ExtATRBuffer[i]= -1*(iHigh(symbol,0,iHighest(symbol,0,MODE_HIGH,7,i+1))-Low[i])*10000;
 if (ExtATRBuffer[i]<-80) ExtATRBuffer[i]=-80;
 ExtATRBuffer2[i]=(High[i]-iLow(symbol,0,iLowest(symbol,0,MODE_LOW,7,i+1)))*10000;
 if (ExtATRBuffer2[i]>80) ExtATRBuffer2[i]=80;
 if (ExtATRBuffer[i]<-60) ExtATRBuffer3[i]=ExtATRBuffer[i];
 else if (ExtATRBuffer2[i]>60) ExtATRBuffer3[i]=ExtATRBuffer2[i];  

Think of these highlights as overheating which, if the episode is short (1-2 hours), would likely bring on a reversal, but if it was prolonged, there would be an option of cooling off by a consolidation for the continuation.

I expect price proceeding lower, but the CI has to get above 53 (plotted next to the current price on the margin), which it will do by the open to re-align the new Goldie and Silvergate levels. Silvergate in general should not be hit, you would need to scale out towards it. Only when the market is in Hyper Hyper that it would trample over to meet its Scooter fate in a last hurrah.

https://youtu.be/vvmHOKC0ZJo