The market is in a weak uptrend right now, but if it does not get to the upper Safety Line within 48 hours, it will flip back into a strong downtrend.

It’s got till 12AM GMT. If the Safety will be popped by then, the uptrend shall remain in place without a time limit.

I’m telling you this to show that time, time outs are a crucial part of changes.

The vertical green was the first hour.

Once the Safety is popped the stumbling point is 34 pips higher from where the encounter would take place. 1.0694 is a good likelihood. The ultimate resistance is the hourly S-356, and Full Discharges around it would be a death sentence for bulls. The only way to clear that obstacle would be price coming back below the Safety line in a regressive manner (i.e. a volatility keel back) – at about 10% odds.

The S-356 is going to be at 1.0750 soon. A left shoulder could print in its neighbourhood (the thick part of the brown) and two more tries could follow with a dip in between that would miss the lower Safety line by 5-10 pips.