Based on the long-term stochastic range, we had a reaction off the upper reversal zone, then found some support at the overbought neckline.

Based on weekly pro volume prints, there’s a resistance zone 1.1786-1.1836, a support zone 1.1437-.1.1393. We are at about 40% of the range, and the vax seems to be suggesting a back test/undercut closing the volatility imbalance (crappy word still).

The upside seems complete, with 3 stalls around the 4H 30BB. Time to print a new comfort box (blue box with red opposing magnet) lower.

The upside was a no-momentum crown, a bear flag. On the downside, there was one stochastic bar print so far. There should be more.

High-volume nodes at 1.1542 and 1.1440.

It has been crazy difficult to trade the bear flag, as any volatility above 24 was bought without exception, but the rallies have been resulting in subsequent lower highs. The last liquidity break showed a balance of 46% longs. Friday was the first day when the daily 19 SMA was not touched all day after 10 trading days of revolving around it.

I’m 5 lots short on balance.

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