What happens when evrn the gray volatility box gets exceeded?

Well, the above image shows already the divergent leg, but there was an even larger beat with the first, measuring leg. Below are the two locations where CI went fishing barring from a consolidation.

The reversal divergence is setting up using the distance from the last consolidation mean, and my ruler is there to help.

The start of the gray box is the 3-day ATR times 1.3, the end of the box is 20 pips lower.

Between the two legs there was a crack 4 (F1 pullback), so I would expect the next break to achieve a crack 5 (F2 – 62 pips up from the nrw swing low) at a minimum, arrow again. S2 would hold by the close.

Back testing the prior channel

Did I say 4-4.5x stretch from the mean next?

Bingo.

The Weekly S2 is at 1.0633

…RSI enough to turn.

…4.25x strongest stretch.