Analog

This is what I’ve been looking at for guidance.

Early March peak. RSI2 floored, then a V top with a 6-pip beat before a 220-pip decline. 2 days down, 3 back up.

The impulse wave structure does not end in strength. A divergence is there to take away the edge (orange line connecting the magenta with the green box on Nick Rhodes).

At least 4 pips, but probably less than 16 for the beat. Wave 5 is still on for a day or two longer. A bow back that will eek out a higher high with the momentum lost on the way.


Album #75.