Where are the purple lines from? They are the Divergent Bats (D| = S). Fire sales without getting up to the 30-sample BB.

The thing about trading is that everybody seems to talk about volatility, yet nobody seems to understand it intimately since John Bollinger.

A single number cannot substitute the two, directional measurements.

It is always the one chart that you stopped looking at that holds all the keys.

The neon blue people were sitting on that ask. E-50 is what they had in mind.

The opportunity is excellent to talk about a feature of the Conveyor: a 30-minute close outside is a buy. A 30m close back inside, and the market has to prove that the momentum is still present. Otherwise… this very thing can happen. Outside day down.

The Magenta line is the 8 EMO. Candles are a must for this one.

The Guard Rails are a product of my vivid imagination. They don’t exist.

h2 I would put somewhere above 1.1095. From there there may be a fork. If h2 gets broken after some retracement, the whole thing flips bullish and starts a new H-h count to the upside. Otherwise an H3 should make a beat beyond the H2, 1.0923 would be the next logical level down.

Since this is going to likely print a Divergent pitch here (DI), the bears would get an opportunity to run with this momentum by stepping in just beyond the S30 (blue), somewhere in the 1.1044-1.1088 area.