Taking It On The Chimp

The first time in English history, a double U makes sense. & the Unicorned beef too.

The Umpires, as a reminder require a 4H RSI 14 HL2 72+ print outside the 2-std Bollinger Band, with the RSI print being the highest in the last sequence of 7.

RSI[i]>upper2[i] && RSI[i]>72 && High[i]>iBands(symbol,0,30,2,0,PRICE_MEDIAN,MODE_UPPER,i)+50*Point && Close[i]<High[i]-30*Point && RSI2[i]>RSI2[i+1] && RSI2[i]>RSI2[i+2] && RSI2[i]>RSI2[i+3] && RSI2[i]>RSI2[i+4] && RSI2[i]>RSI2[i+5] && RSI2[i]>RSI2[i+6]

Instead of the Umpires Striking Back, this time they took in the chimp for a good 64 pips. Yet the last word remains theirs.

At the moment this break out is a weekly fake out. I would not be surprised if by the close only the wick would remain above the interrupted line.

An ABC is the current plan. 14-sample Window Envelope was discharged on for the 2nd time.

Now, let’s ask New Money how they felt about going in again in the double premium.

– Not even for a double rainbow!

What can you do when you are Big in U-pan?! The brick wall (Risk off limit) next to the Q could never be closed above twice in a row, not even with a fake gap up.

The double premium is outside the 480-sample 15-min Bollinger Band.

This is a reversal with no hope of anyone wanting to pay premium for it.

Now, let’s talk effing broker.

I can’t prove it (maybe I could by looking at other feeds), but at 3 PM GMT sharp the 20-pips gap up would not be possible by mere spread expansion, they had to shift the qoute feed as well. See, if they raise the spread to 20 pips, then the ask would move 10 pips out and the bid would do the same. All in all, on a bid chart you should see a 10-pip change. The psychological effect, that the market is suddenly running away urges you to play along and sets you mentally eager to take on longs as price decends. How bizarre, Bizarro.

See how the upper continuation divergence held, and the lower one broke. (Brown Lines)