Understand what today’s & yesterday’s whiplash did:

It shook off as many holders as was possible and re-calibrated the market. There is a near equilibrium with a bit of a bearish tinge. The 0.59 got pierced whilst the 5.9 got just missed.

The market went from the Fake out line on the downside to the Tolerance level on the upside.

The range has remainded the same for 2 days, price is consolidating after a volatility crush just below the current consolidation mean (purple arrow), right on top of the daily E-9, just below last week’s pivot.

These are the current W3 brackets (close and far ends of the expansion zone), and Ci has yet to cross above 53 (now 44.92).

I was surprised to see a Patient 0 print, since a liquidity break is usually a right shoulder, so this lower low did not really fit the bill, yet the rally from it was tremendous. Black ball with a dot = 95% chance that the top is in. QE: +20% chance.

There would be a minimal shift of the range and a bit of expansion of the 3-day ATR due to the last few days having larger ranges.

The daily stochastic is embedded to the downside, a lower low with a higher stochastic reading is a must to be able to get anything going on the upside. The 19 SMA is at a steep decline. I think 1.0775 would be attainable in the coming days.

I dumped almost all longs today, and am 95% short.

The push on the lower Bollinger gets postponed till tomorrow.