You have seen a mean reversion from a 4x fluctuation stretch. The projection was 1.1750

The shorts and the longs converged. Both parties are outside the beating area / the tool shed.

The price has been positioned above the market profile.

The small hint here is that there is no bounce back up happening, and the volatility breakout to the downside is a short breath away, still at 1.1741.

I have thought of talking about energy principles again, just have not had the time.

With the help of the CI (12-sample), it is easy to spot if a move is discharging energy (pushing) or consolidating it (relieving).