Things are changing rapidly currently.

I thought I would explain some of the dynamics a little more.

The first thing to understand better is the failure level, which is 40% outside the statistical range (pendulum) drawn around the condolidation weight. I drew in the black line for you. That line has been in place since the last CI cross over above 53.

 ObjectCreate("Pick", OBJ_RECTANGLE, 0, Time[i],taxi[0]+570*Point, Time[0],  taxi[0]+680*Point);
                      ObjectSetInteger(0,"Pick",OBJPROP_COLOR,clrWhite);
                      ObjectSet("Pick",OBJPROP_WIDTH,1);
                      ObjectSet("Pick",OBJPROP_BACK,1);

The white field is 57-68 pips away from the TAXI line, which is the consolidation mean, and as I mentioned before, the failure level is about 60 pips out. It is also about 10 pips shy of the Goldilocks level, which if it was hit would grant further rights for a no break extension move.

The second thing is the re-emergence of the red CounterForce signals. With a 6-hour delay this would eliminate the current S1 and S2 levels and use these lines from then on to represent R1 and R2.

If you follow the black arrow heads, you can see how the S1 line is yielding to the new born R1. S2 does the same for R2.

For the code, see the CounterRejoyce blog entry.

Now, let’s pull up an example of what preceeds a radioactive close.

For a radioactive close outside you would need the S2 to be re-applied, so counter-intuitively enough you would need Green Stretch Marks appear which would mean at least a 58+ pips stretch upwards. I highligthed the first green that coincided with a move above the R1. See how the S2 although was removed, price ended up coasting all the way to where it at was prior. It is also a possibility currently that price could make it to the where the S2 was, at 1.0885 – barring the Opex Futures expiration level to be adjusted by tomorrow. It now stands at 100.50 on FXE and that would mean price to settle at least 30 pips higher than where it is at at the monent (1.0916).

By the way, the radioactive print saw no continuation on the example above, as there was no close below the low of that candle. Multiple flips of resistance and support configs are also possible as you can see.

I have already talked about the stages of the start of a run including the signal blockout hours.