The Frisby Brothers

I’m gonna make an Example out of you, because

you changed the way you throw the frisbee.

Repeating the lesson in slow motion.

Every day there is a condition and there is a level.

Conditions

Recognize one of the following on the chart that has not achieved a progression low below, and is currently an unqualified market:

Freshly oversold Money Flow (blue arrow) w/ Freshly oversold 120-sample stochastic (dean harrow)

A dip in the Municipal Trench highlighted with Snow Patrol Vehicles.

Levels

Now find the level if P/NR is not present and W3F is too far in one go (1.0881). F2++ was just missed at 1.0862 (black arrow).

What’s next?

This was a consolidation + a liquidity break.

I think that P/NR (Point of No hepbuRn) would prove to be the lower low to kick off the move down.

If the current sell condition was a freshly overbought Money Flow, then the level should be in the W3 box (1.0764-1.0748). A trip on the safety line would mean 1.0806 -34 to -46 pips or 1.0772 to 1.0760 for a cover zone. The overlap is 1.0764-1.0760. S2 is at 1.0752