Paraiso Aqui that is (Harry Harrison reference).

I have mentioned before the need to push against something.

Here’s something interesting that seems to happen outside the hourly 120 BB.

For sufficient traction for another leg the price has to push back inside the 120 BB by 3-24 pips.

With extra abundant volatility (Election night) there are two lifelines to be had. The 30-sample BB and the 8 EMO. Once these two were utilized, the reaction from the BB was a mere 43 pips, and the next entry was a bona fide rally.

Notice how the lifelines resulted in incremental beats, the total progress was 32 pips out of the two independent price reversals.

So my expectation here is a move back inside the BB by 3-24 pips.

Quasi having to balance out the hedge/overhedge. C/S stands for Continuation Sell. The 8 EMO plus 7 pips that is. A second highlight for the same area.

Yeah, this is a sell – you have a Red 9, but that does not mean at market.

I would try the red highlight instead.

There are two ways to finish this off.

The common way is a capitulation move, that is an LL fractal print about 16 pips lower, then a move back to/beyond the 8 EMO and a thrust that can be 70-90 pips lower than the swing high before the LL print.

The second way is a choke. After the LL print the price gets bent back down before the 8 EMO and makes a lower fractal 3 hours later another 8-16 pips lower.

I have scaled back in according to the plan. Missing only 0.5 lots.