Coitus Prerequisitus

The condition is known as Double B which prompts a triple breach.

The double B marks the end of the middle wave, i.e. wave 5 of Wave 3. After the triple bypass a Wave 5 would follow to apply a further divergence finishing the direction for good.

 
 ///RSI2 divergence dn
 
 if (i>0 && RSI2[i]<RSI2[i+1] && RSI2[i-1]>RSI2[i] && RSI2[i]>3 && RSI2[i]<10 && iRSI(symbol,0,14,PRICE_MEDIAN,i)<30 && Low[i]<iBands(symbol,0,30,2,0,PRICE_MEDIAN,MODE_MAIN,i)
 && RSI2[ArrayMinimum(RSI2,9,i+1)]<RSI2[i]
 ){
      ObjectCreate("Talm"+DoubleToStr(i), OBJ_TEXT, 0, Time[i], Low[i]- 50*Point); 
            ObjectSetText("Talm"+DoubleToStr(i), "B", 42, "Impact", DarkGreen);
 }

So it’s like a good news bad news situation.

There will be more downside from the 30-sample upper BB, but not a whole lot beyond the current low.

The 3 lines are the S-120, the E-207L and the BB30 HL2 upper.

The one thing that may be different this time is getting a new consolidation. Following the earlier plan, the S1 daily (1.0816) – S1 intraday (1.0808) would be expected to hold.