The thing about a push (which is a weekly close outside the 14-sample window envelope) is that it would likely followed by an echo within the next 2-4 weeks.

The thing about the purple boxes is that they represent some early, aggressive entry level suggestions for a push that may come on quickly.

The thing about the 3 statistical support levels (measured from the swing high) that they should provide the “home” for the price to return to after the echo had ended.

Robert DeNiro Chasing

A theme that seemed to be in place for the last couple of years is that these Push and Echo sequences did not end until the Echo went far enough beyond the last push.

I found this distance to be about 132-135 pips.

bofd[i]=iLow(symbol,0,iLowest(symbol,0,MODE_LOW,2,i))-1320*Point;   
bofu[i]=iHigh(symbol,0,iHighest(symbol,0,MODE_HIGH,2,i))+1350*Point;  
    

So what now? We should at least consider that this theme is still on.

Now, as a curiosity, my mind is currently preoccupied with flow charts based on the previous days volatility change relative to the 3-day average, because I believe this can provide a game plan with more or less binary decisions. I.e. if the Goldilocks was hit then the right was purchased for a No Break Extension for the next day, if there is a consolidation in between, another Goldilocks measurement is put in place. If the Silvergate distance was achieved (see yesterday), then the likely outcome is a challenge of the Goldilocks and a likely failure just shy of it would mean the end of the move.

Why am I doing all this? Because I’m that type…