The Middle Of The Boat

Total Speculation article.

The first thing is this shape, the Megalodon and a glitch from history.

See the red thing and price in the middle?

I remember this one clearly, the market gapped to the other end of the Megadolon 149 pips away, then made a good attempt for closing the gap before running 360 pips again in the gap’s direction. There never was any explanation for the oversized gap away. Purely mechanical stuff.

I am not calling for a gap, not calling for a direction, just want to say that really anything is possible here.

The next shocking thing to talk about is the Money Flow continuation divergence.

Currently the money flow is more overbought than it was at 1.1275

The white palm highlighted is calling attention to not closing down even 10 pips on the week – and at the same time the Stochastic is not Embedded.

if (Close[i]>High[i]-100*Point && !embedded[i]) ObjectSetText("Mile"+DoubleToStr(i), CharToStr(73), 29, "Wingdings", clrWhite);

Say Goodbye to the Bad Guy…