An F minus 1 market is a parabolic market. It has to be downgraded to an F zero market for a momentum divergence to reverse price. This means hitting the upper 30-sample 30-minute BB.

There has not been a correction since the big drop.

Here’s what I have on my cell for an F minus 1 / F0 markets as a reminder:

F-1: target W3 close end minus 5 or beyond the Money Flow Droop line by 16 pips. There may be 3 waves interrupted by closing back beyond the 8EMO. F-1 does not end in a Flash Gordon.

An F-1 market ends in a reversal that is started by two closes on the other side of the S30, confirmed by a 40+ pip counter volatility print if these two do not coincide.

An F0 market ends in a Flash Gordon momentum divergence.

Here are the 3 correction possibilities:

1. Loneliness – lasts 14-16 hours, only by the end making it back beyond the hourly S-30.

2. Disregard – lasts 21-23 hours, it should hit the upper 30-sample Hourly BB.

3. Liquidity break – usually 3-7 hours long, 55-95 pips quick move.

I think you are in the 2nd hour of the correction. The 15-Min ATR Targets can be downloaded now from the Pro Tools page.

Goldilocks level was hit for a relief.

In case the Money Flow droop / beat happens first, here are the levels:

Briefly you could see a print between 1.07 and 1.069. This would certainly be at the required 2.8x flucuation maximum stretch from the mean to finish off Wave 1 down.

A Wave 2 up would have to follow at a minumum back beyond the E-414H (30 min).