Trace Tracking.

So I made that signal that was supposed to tell me about the parabolic move setting up.

To my credit I also pointed out the 3 signs of the parabolic move reversing and that there would be no stops on the way down either.

My first thinking was having to add more filters, like a Bollinger width. But there was nothing wrong with the signal. See how only upto 2 back to back approaches are present at the beginning and there a sequences of 4 applying pressure at the end (at which point the Bears are 2/3 of the way there by having made the first two cracks)? The signal is perfect, the thinking needed to be adjusted.

I also said that Wave 1 down would be confirmed by price hitting the lower Bollinger Band. Now with this brutal approach of the other end I am all but certain of this happening.

Schmucks like Pippoletto can infuse all of their misguided bias to you, just pease stop asking money for it.

& this Elliott fixation that you have to label up every move when a Volatility Whip or an XX Energy consolidation isn’t part of any wave structure is a complete crap.

Greetings from Paracetaluma

The Money flow is extremely negative now, so a reflexive bounce of 46 pips would make sense here.