Small changes this week – I would not be looking for downside here.
There was a double divergence made on the downside, and as you may notice, albeit above 66, I did not paint 74 red.
The reason is the lack of volatility. The filter I use now is having to poke outside the 30-sample BB on the 30 min. I do not know if the market maker would be pressed to buy in already here, but that mean reversion has been put off for too long now.
The orange moat hanging above like a cloud. Doesn’t it bother your eyes? I sure think that it would be walked in on next.
I wasn’t betting on the bowback either, but now I’m thinking that, on a close-up, this is how a volatility whip should register: Money flow going from one extreme to the other (re-calibrating the meter).
This move is to start expanding on volatility in preparation for a larger move next, typically in the opposite direction. We are also building on higher lows, if you have noticed.
There are a lot of professional volume prints lately, like during an accumulation you would see.
I’m not paying much attention to some prior plots I made, but here there’s a rounded triangle that was meant to gauge the downside pressure by pointing out the strength to the downside based on where the lower low would get between 3 and 18 pips. In this case, it did not ever reach 3. That’s weaker to the downside than the lowest normal reading.
Like that animated movie. What was it called? Up!
This was a more popular one as of late:
…and let’s do two editors’ choices.
A calculated note
A calibrated path
Blood on the soul
A scar on the hand
It was so nice and dandy
But it was just a pretense
[Verse 1]
The sharpest pain is not the way
He let go, she chose not to stay
He loved, then lost it
No claim, no gain, no final scream
She needed nothing but her dream
[Chorus]
Her name was Summer
And she loved like summer
Yes, she loved like summer
Left with the wind
Forgot to say bye-bye
[Verse 2]
Everything went
Capilation, time dilation
The epillator, the smell of dinner
It was a true capitulation
Like Napoleon losing it all for once
[Bridge]
Dislocated like layers of the Earth
Sinking memories, all hope deceived
No final call - the heart had stalled
[Final Chorus]
Yes, she loved like summer
She loved like summer
Gone with the wind
Forgot to say bye-bye
[Outro]
The ballad of esoteric joy
Washed down with ascorbic acid
The next POC up is at 1.1333
