What is up?

For one thing, the lack of supply.

It may not sound like much, but a 22+ pips 30-min candle is rare.

Here’s one.

…and above is Friday’s. Like a left and a right shoulder.

Of course, if it plays out. What normally happens after an extended range is an additional 100-pip move, so a 1.1310+ move may be in the cards.

Currently, in terms of bias, I keep track of two different systems.

My Echo system shows a buy (control function 1)

(the red strike out is too eager selling, not enough separation from the 8 EMO, the yellow divergence has the same issue)

Control function #2 also had the last print in yellow for a buy.

Being all out short may not be the best idea here. We could see a bow back to the lower Bollinger for a “h” print.

---

Yup, #27.