Capitulation!

Rather illusive subject.

The first thing to say is that the distance beteen the final left shoulder and head is often 100 pips.

(Will insert more images after work)

The second thing is the daily close that may be tipping you of about what was to happen overnight / the next day.

The lack of re-balancing counter directional move means holding. I am monitoring for 27 pips.

It looks like I also have an E44 filter.

You would normally have a number of daily BB breaches leading up to the flush.

The latest tool in the box is the 30 min 240 sample BB: the daily close 2 sd away is a useful warning.

Blue is the 2 sd band, blue + yellow is the S240 HL2.

Capitulations can be rather large. One way to measure their strength is relative to the previous low/high they just surpassed, but there is also the spike pullback (last fail to close back beyond the 8 EMO this was at 1.0814) and go with the 60-100 pips stats.

Look at this caution of not getting outside the BB for the 3rd time:

Spike 3 still has not been outside the BB.

This is how the embedding neutralizes the opposing momentum:

I’m thinking to change the greens to gray during embedding.