Reversal help.

Why now?

3rd Divergent Pitch print. Yes, but there’s more to it.

1st thing to metnion about the return of counter volatility is that there would be phoney prints due to the 10PM GMT forex broker re-balancing, where they smack up the spread to call in all nearby pending orders within 20 pips, see below.

Nevertheless, someone did end up turning off the buying program that did not allow dips to form in excess of 25 pips on Friday, see Arrow.

Hitting the lower Bollinger Band for the first time is also a clue, but remember, that the bands could contract below 30 pips, so the overall 30-pip dip criteria may not get fulfilled.

On a previous example, the buying wasn’t so extremely intense. The below 30 dips were more like counters. Again, count 3 was Dracula.

As you can see, the dip after the D Pitch went below the BB, but did not reach 30 pips.

The last example shows a volatility taper & explosion. The top wasn’t much further out

Either way, monitoring counter-directional volatility development is a great too to have, escpecially when price gets outside the Valley (Guard Rails).

The 3 mentioned “Trending” makets are very different from one another. Trending by itself does not say much. Parabolic? Channeling? Tapering?

As far as the correction goes it should have two legs where price would get below the 30-sample BB and show for 50+ pips of downside volatility.