The setup

The last 2 final divergences framed the price’s playfield for Friday.

Be conscious of this bracket.

The logic behind the look for a buy is that the E-414 band is above the E-712, but it is actually not true, the 712 is inside the 414 band. This is as neutral as it gets.

Although I have a serious negative bias here (88% short) I still must acknowledge the setup. (if you look closer, the upper red divergence and the second from the bottom blue divergence provided the exact high and low).

A violation of 1.1020 would be a major offense and must have a plan for it.

The last auto trading routine I made (Beam Around) opened a short at 1.0965 and targeted 1.0875.

The monthly config remains bearish.

…

Thursday was good with $1,212 cash, but Friday I chickened out from the longs and made only $340.

The lower BB is at 1.0740. I think a big break is coming, so don’t stand in its way. Price has disconnected from the yellow high voltage, but kept on touching the low voltage life support, the E-9 in red. E-50 is the next power source and the 30-sample BB after that.

The unqualified saga may not continue much longer.

In the meantime,

therapy

& entertainment