macdulio3

In Theory

The Chernoff distribution pattern.

This top seems to be the mirror image of the bottom at this point.

They lubed up the selling at the S-30 (cyan).

Now, here comes a conspiracy theory.

There are breakouts and fakeouts. In the following image, the two blue ovals are breakouts at the edge (/prior edge) of the house. The red rectangle is a breakout failure.

I put a white rectangle around what I think is the matching counterpoints for 3 different breakouts.

The left oval had a 16-pip breakout. When the price came back, it went past the Back Of House, since it went for the Cyan, pro volume candle.

The right oval was a 35-pip breakout. It came back to the BOH for a near miss.

My theory is this: on the way up, the volatility was getting downgraded. 55+ pips, 35+ pips, 16+ pips & a fakeout. On the way down, the volatility should grow. If the A leg managed 35+ pips, the C should do at least 55 beyond the current or a prior edge of the house. 1.1714-(55+ pips) = 1.1658 or so.

Also, once 50+ pips were reached, the market could get another instant drop after a bow-back graze of the E-24, like so:

What comes after 50+ in the sequence? 16 again.

Note how the house also moved down quite a bit. Also, you want the house to be upright.

ExtUpperBuffer[i]=iLow(symbol,0,iLowest(symbol,0,MODE_LOW,12,i))+460*Point;
       ExtLowerBuffer[i]=iHigh(symbol,0,iHighest(symbol,0,MODE_HIGH,12,i))-460*Point;
         
if (ExtUpperBuffer[i]>ExtLowerBuffer[i]) {ExtUpperBuffer_[i]=ExtUpperBuffer[i]; ExtLowerBuffer_[i]=ExtLowerBuffer[i];

The house is the 13-hour low plus 46 pips and the 13-hour high minus 46 pips.

There is one level at 1.1664 and one at 1.1630.

Guest voices on Album #80

Brendan Perry (Dead Can Dance)>

David Bowie>

Mylene Farmer>

Neneh Cherry>

Paul Chernoff died in 2017. He used to talk about how he inherited his brain from his mother, who seemed to understand when he was telling her about quantum mechanics. Paul usually arrived late for the daily specials.

Sherwood Parker died in 2018. He would be in most nights calling in ahead of time, either a Chicken Broschette or a Nicoise. He used to ride up on the Oakland hills on a bike. He would disappear every once in a while to Switzerland, the CERN particle accelerator.

Ed Monroe used to have a brunch date at 7 AM sharp with a realtor lady. He used to live in the Biotime warehouse where they keep the cryogenically preserved people upside down in drums. He liked my poems. Black coffee, 2 eggs, toast, and anything else at a great discount. He has an Instagram with his artwork.