Hard Count

The tromf is the fractal count. 30-min, 30BB.

We care about fractals in increments outside the BB. Black numbers.

A regular wave would print 2 fractals. When the count does not get interrupted by counter 2, you are in the same wave. The second counter fractal after the 4 up was a new leg up starting. There would be more than 1 fractal following. After the first fractal, the pullback between the 16 EMA and the 44 EMA was a buy.

Now?

A peak is in. What is a double white? A white vertical line coinciding with a white arrow down.

White vertical, 4 pixel wide: 7-sample MFI[i+1]>71 on top of the green line filters - if (RSI2[i]<RSI2[i+1] && RSI2[i+1]>RSI2[i+2]  && RSI2[i+1]>95.5
  && High[i+1]>iHigh(symbol,0,iHighest(symbol,0,MODE_HIGH,4,i+4))

white arrow down: the distance from the 9-day EMA is greater than 51 pips, on top of the down arrow filters with a real high daily RSI2 print
(Close[i+1]>iBands(symbol,0,60,2,0,PRICE_MEDIAN,MODE_UPPER,i+1)
|| (High[i+1]>iBands(symbol,0,60,2,0,PRICE_MEDIAN,MODE_UPPER,i+1) && iRSI(symbol,1440,2,PRICE_MEDIAN,0)>93)) && Low[i+2]<iBands(symbol,0,60,2,0,PRICE_MEDIAN,MODE_UPPER,i+2))

Now, the long compression is currently at 17 pips.

Below 17.5, you are in the same wave; you are looking at a dip or a pullback.

When the 1.1697 low was hit, I told the following to my co-worker: this could go back up 16 pips, which would put it at 1.1713.

Should you buy after 2 fractals below the BB? I would go to full hedge for a trade back, up – but if it gets stopped out at the trail, do not go in long again.


My personal channel started seeing some traffic thanks to posting short music clips, extracts to YouTube Shorts.