Head Depth

The third time this has happened.

The head depth is 130% (58 pips) of a fluctuation maximum (45 pips) from the consolidation mean.

The next move based on history should be to counter this top with an hourly candle print outside the 30BB, like so:

A head distance is shy of the area that comes with a new dice roll flag, not by much. Nevertheless, merely 10 pips more would have registered as a W1, and continuation would have been an option.

The one curveball in my opinion would be if they would buy the oversold level (1.0348).