…is what I think will happen next.

I think a divergent leg up is missing (arrow).

Divergent in terms of the distance achieved beyond the upper 30BB. Since we are talking 20 pips or so (the scale is set back by 20 pips inside the BB) it would have to be multiple pushes up or a motion that starts the expansion gradually first.

Although after 120 hours of rest, the 1.1473 is no longer safe, I do not think this would get there. The game would start at 1.1429 and could get within 10 pips of the break level, so 1.1457. Can’t narrow it further. That high should be the rest before returning below the daily E-9.

The scissor between the 30-min E-414L and the S-712 is currently 91 pips. I have not seen a larger number. It would be merely impossible to cross. A major consolidation would be necessary below the E-9 before being able to cross that.

I am on the side of Brent Johnson, thinking that the Dollar would make a new higher high next. I think the 1.30-1.40 Euro calls are utter rubbish.