The bear market ended when there were 3 hourly closes above R3.

The start of the bull market was 3 hourly closes below S3.

A Yellow volatility divergence normally prompts a pullback to the other end of the 30-sample BB.

F3 is approximately the same as S3.

The buy zone should be around 1.0426. The 7-sample MFI should also get down below 15.

A yellow divergence does not make for a safe top. The break out must be bought once the price has consolidated (CI>53, not far now).

The yellow divergence would have been gray if it took one more hour for the price to get back below the 8 EMO. Not enough separation is the difference.

Since they have purchased every undercut of the S2 and accumulated at S3, there is no reason to think that this behavior has changed.

---

Album #50