Current thinking?

This is a liquidity break, no question about it. Volatility is on the rise.

There is a little bit of extra the 2nd time around (red circle) compared to the channel’s size. 120 pips would not be unusual.

It is always the one chart that you temporarily stopped paying attention to. 14x 4H of immunity.

The bumper line is at 1.06. The box of the low therefore was not shaded. Another leg is coming to a shaded box.

The third x1 without a single x3 is still an x3, but made of three x1s, capiche?

The strong uptrend with this kind of velocity / ascent cannot stick.

The money flow extreme on the weekly cannot be the high / low. This is certain to go outside the Window Envelope (Blue Line). Coul see a 4x-4.5x stretch, and that would be still just regaining regular volatility.

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It is good to know that someone can hold a candle to Morten Harket after all.

That spinner was most powerfl down there.