They are squaring now. T is a terminal distance, Thrust or No Break Extension relative to the consolidation mean. Since the price has been avoiding the S30, I would think that the lower 30BB would be touched at a minimum. Scale in nearby.

Once the purple line (FFF++) gets trampled on, the move is over. If it falls shy, like an FFF (10 pips shy this was), there is a free spin.

The idea of fluctuation maximum is a statistical figure. Here it is calculated as 46 pips from the consolidation mean (Thistle Arrow). I calculate this mean for better accuracy using 15-minute data and 48-sample CI. In 15 minutes the price usually does not move much, and I halve the last one where the CI went above 53.

In short, 1.0336 should be around the extent of the down move. Place orders 5, 4, 3 pips apart depending on the total size and what size chunks you’d prefer. Once you see a long squaring (14 pips+ wick on the bottom), you can add the missing size at market.

…

They tagged the Wpivot for good measure.

The T got rounded up to Head depth.

A high volume churn (see red bar) not reaching the yellow line (13,300) is counterproductive. It was not the market maker that dumped it.

The red volume shelf was left behind by the U-turn that kicked off the gap-down run.

…

They are now net short, so it is in their interest to take the price lower.

The lower Bollinger is still the area of interest. That’s a fixed point, even if the slow motion makes the price fully consolidated and the mean moves closer. Things have been programmed already. One change does not make everything change.