Scooter is the 4H 216 sample HL2 BB with 2.5 std deviations.

Did price catch up with it?

At 1.0637 it did.

Do I like the divergece of the wave 5 of Wave 5 of WAVE 5?

I like it fine.

Is a 3x stretch from the mean a good starting point for a reversion?

Perfetto.

The new beams? Along the lines of the volatility breach reversal, it is a similar filter trying to tackle a reversal condition. Still about the brief action outside, the close back in and a clean RSI2 peak printed.

if (i>0 && RSI2[i-1]<RSI2[i] && RSI2[i]>80 && RSI2[i+1]<RSI2[i] && RSI2[i+2]<RSI2[i+1] && High[i]>iBands(symbol,0,30,2,0,PRICE_MEDIAN,MODE_UPPER,i) && (Close[i]<iBands(symbol,0,30,2,0,PRICE_MEDIAN,MODE_UPPER,i) || Close[i-1]<iBands(symbol,0,30,2,0,PRICE_MEDIAN,MODE_UPPER,i-1) ) ){
      ObjectCreate("Nickergence"+i,OBJ_TREND,0,Time[i],High[i],Time[i],High[i]+640*Point);
                 ObjectSetInteger(0,"Nickergence"+i,OBJPROP_RAY_RIGHT,false);
                 ObjectSet("Nickergence"+i,OBJPROP_COLOR,clrRed);
                 ObjectSet("Nickergence"+i,OBJPROP_WIDTH,9); 
                 ObjectSet("Nickergence"+i,OBJPROP_BACK,1);   
   }
    if (i>0 && RSI2[i-1]>RSI2[i] && RSI2[i]<20 && RSI2[i+1]>RSI2[i] && RSI2[i+2]>RSI2[i+1] && Low[i+3]>iBands(symbol,0,30,2,0,PRICE_MEDIAN,MODE_LOWER,i+3)  && Low[i]+50*Point<iBands(symbol,0,30,2,0,PRICE_MEDIAN,MODE_LOWER,i)
    && (Close[i]>iBands(symbol,0,30,2,0,PRICE_MEDIAN,MODE_LOWER,i) || Close[i-1]>iBands(symbol,0,30,2,0,PRICE_MEDIAN,MODE_LOWER,i-1) ) ){
      ObjectCreate("Nickergence"+i,OBJ_TREND,0,Time[i],Low[i],Time[i],Low[i]-640*Point);
                 ObjectSetInteger(0,"Nickergence"+i,OBJPROP_RAY_RIGHT,false);
                 ObjectSet("Nickergence"+i,OBJPROP_COLOR,clrGreen);
                 ObjectSet("Nickergence"+i,OBJPROP_WIDTH,9); 
                 ObjectSet("Nickergence"+i,OBJPROP_BACK,1);   
   }

Since the Magic Box was busted, I don’t quite know what this means. There would be a move to the upper guard rail (approx 175 pips from the low), like I have been saying. It is unclear at the moment if this move would continue afterwards.

There was a Push scare on the 14-sample weekly Window Envelope.

The resistance levels are on the image (R1-R3). We may have seen the running flat correction. Price is closing back above the S3.