We have work to do, and the class is in session.

Besides the sell and the buy market, there are different phases.

The market is considered “tendered” after it has made a charge for the cover level and has not yet made the final thrust.

This is a protected mode, where there are at least two distingishable fractals, “1” is the initial charge. The HH or LL print is another (unsuccessful) reach for the cover level.

The green ovals are the “tendered” period. They end in a higher low (lower high) before the final thrust (2), which usually would tag the cover line one more time – it fell short in the second example.

After the market has “thrusted”, there is a window of opportunity for breaking the 80-pip line from the 200-sample high / low, which is what happened here.

A 250-pip day does not happen often. However, impulse waves do not end in strength, and this Wave 5 would not be an exception.

I would like to call your attention to the market maker squaring wick back to the 80-pip line where they dumped out long holdings (arrows) and the little hoop shows how much the 80-line was respected a bit later.

Right now, there is time needs to be burnt, so that the cover line would end up lower than the swing low (relative to the 10-sample high) and then onto the LL print before the red box and the final thrust (2).

We are going for that 1.0670-1.0643 block.

The pro volume block got picked up in one go, but the low would have to be cut under for max damage.

Wave 3’s waning end missed the cover level even on the first try.