The Clutch

This is where they put the gear in parabolic.

/// clutch on the upside
   if (Open[i]<Close[i] && High[i]>High[i+1] && Open[i+1]>Close[i+1] && Open[i+2]<Close[i+2] && Open[i+3]<Close[i+3]  && Open[i+4]<Close[i+4]
         && High[i+2]>High[i+3] && High[i+3]>High[i+4] && Low[i+2]>Low[i+3] && Low[i+3]>Low[i+4] && High[i+1]>weight+960*Point){
           ObjectCreate("Bacadiy"+DoubleToStr(i), OBJ_TEXT, 0, Time[i+6], Close[i]+20*Point);  
             ObjectSetText("Bacadiy"+DoubleToStr(i), "CLUTCH!!!", 47, "Impact", MediumSeaGreen);                  
   }

The exit needs to meet 2 criteria: the move has to end in a capitulation that bounces back 100+ pips within 2 hours, and the momentum has to be gone = absence of a stochastic bar.

A couple of things I did not know the right answer to until today:

The flick flack around the BB is not a prerequisite; a rat poison sequence followed by a clutch is enough. However, I think you want to see the clutch pressed far enough from the consolidation weight i.e., past the “180 break” line. This means 96 pips.

As long as there is momentum still, further capituation moves can & will follow.

Now, let’s talk about the other catastrophic feature, the CAT HOT V. This is a fractal that is preceded by stochastic bar prints.

The take back of the high/low is a continuation entry, although when things aren’t hopping, price may need to return twice before the ball gets rolling again.

The V works wonders during a thrust/capitulation move.

 ///hot fractal on top (must overhedge for the break)
     if (iFractals(symbol,0,MODE_UPPER,i) && ExtMapBuffer3[i]!=EMPTY_VALUE  && ExtMapBuffer3[i+1]!=EMPTY_VALUE 
     //&& ExtMapBuffer3[i+2]!=EMPTY_VALUE 
     && (Close[i]>iBands(symbol,0,30,2,0,PRICE_MEDIAN,MODE_UPPER,i) || Close[i+1]>iBands(symbol,0,30,2,0,PRICE_MEDIAN,MODE_UPPER,i+1))
     
     )   {
        ObjectCreate("Daltoni"+DoubleToStr(i), OBJ_TEXT, 0, Time[i+5], High[i]+20*Point); 
        ObjectSetText("Daltoni"+DoubleToStr(i), "CAT V BACK", 22, "Impact", DarkGreen);
 }

Now, check out what happens when a capitulation is qualified & sticks.

Within 9 hours, a consolidation takes place, and the E-16 gets touched. Since during the parabolic move, full consolidation does not

There may or may not be an echo move triggered here. Obviously, the capitulation / catastrophic terminal isn’t gonna be reached, but the price could come within 10 pips of it.

After the E-16 affair and/or the lastful reach, I would say the next call point would exceed the 30BB on the opposite end by 10 pips.

I liked today’s price action as well as the new lessons I was taught.