The first one is that one filter of the Echo is counterproductive, and thus should be eliminated.

The Low of the 2nd hour of selling does not have to be lower than the first hour’s.

The Echo print is yellow at first, meaning pending – the next two candle prints can confirm it or eliminate it completely if the second hourly candle is to print a lower low stripping away the fractal status.

Counter to what everybody holds as a belief, that the market can do whatever it wants at any given moment, I am firmly in the camp that it can rarely do whatever it wants.

My proof is the volatility compression, which has different degrees.

In the image below I made an Orange shaded field. This was an R minus 1 compression, the strongest there is. Meaning that they were shorting starting 20 pips out from the recent low not letting the market to reach the dashed line (I call it E). Who are they? Something that does not sleep. Programs. CTAs, bots algos, pick.

When you have 40 hours of R minus 1 compression, the Shot Over the Bow level is E. You can bet that with this strength of compression, the market cannot gap in the opposite direction.

The last thing is paying attention to an hourly candle that exceeds 1 fluctuation maximum (here meaning 45 pips).

This size of free movement requires that the buy programs to be turned off.

The last image shows 3 range candles. Their body becomes crucial. 3 consecutive closes outside are a confirmation of the new direction. The yellow arrows are where they turned the volatility compressor routines back on – this time on the opposite side.

…confirmed in. The moratorium line pushed 10 pips down.