(Welcome…)

This is where nothing works all of the time.

I had my heart on a gray divergence. It was not meant to be.

Normally, you have a driven thrust made up of an acceleration, a higher high, and a thrust.

The acceleration was there all right, there were 28 hours before the HH 21 min (green), which was followed by 3 more prohibitive HH-s (red). The thrust ended up being only 2 hours long and made a lower high. Do not look for any more upside.

As per the Vax, it had a sell print (the diagonal by the top), and it could also remind you that the thrust would likely arrive from an undercut of the SOB level (leaving the volatility compression zone) at 1.1732. The orange highlight is an auto plot as well.

The next thing to prepare for is a volatility breakout. It is no longer a question that you would get it on the downside. If the market does not consolidate down here, the breakout level would be at 1.1664.

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My “Madonna” tracks, 5 in total.