Flat top/drop. I just reminded myself of Omni Oscar Mahoney and the time when I commented on one of his videos: Coke?

So yeah, I do not like this top for a swing high due to the lack of volatility (here meaning less than 2.5x fluctuation maximum stretch from the E-9 band). The bow back counter requires the tag of at least the gray line. Gladys & Gentlemen, the moment we’ve all been debating for…

…is still not happening – or is it?

The gray, flexi line is at 2.5, whilst the white is going with the 2.8 standard.

It feels like 3 participants are holding maximum longs and no new money coming in.

It reminds me of a Pif gag, where they are trying to get into a pyramid, and the riddle they find is this:

“You hold each other’s chin, and whoever laughs first, gets slapped”.

The CTAs are not about to blink that’s for sure. Either the small or the large speculators have to start selling.

There is a major squeeze going on right now.

Finally, there’s a yellow line. With divergences, the steeper does not mean better. I changed the value cut off to 31, so the first divergence shows up in pink, which is an “early” divergence, not a final one.

A yellow should mean 210+ pips down from the high ( 1.0845->1.0630- )

I’m thinking about making an R&B/crunk album next.

Now I have to start worrying about systematic traders as well.