Is it possible to see another driven thrust on the upside first? Yes. Likely? No.
At the top, you had multiple driven thrusts even after the price had consolidated below the 80-pip line.
They were playing out of the net, the price dipped below the 80 line 3 more times, before a Driven Thrust made a lower high – but things were still hopping back then.
If they wanted another go they would have bought starting the 63-pip line, but certainly before the 80.
Going forward I have an 80-80-80 rejection before leg 3 starting from beyond the upper BB30 as my base case.
You hit the first 80, which is the brown horizontal line. There was a pullback to beyond the 8 EMO.
The red arrow is where currently price is at in a mirror.
The cyan 80 should come next. This would mean dipping below the 80 SMA (cyan) and also the BB30. That would make a Lower Low in this case, or the second 80 encounter.
The pullback seems to be to the mean of the area where price spent time before and then the 3rd 80 encounter—80 SMA again before a higher high that would most likely touch the BB120’s top and certainly be outside the BB30. This point would be excellent for a new Driven Thrust to start on the downside.
It’s an interesting one. A wave structure has gone too far by plotting a driven thrust.
I auto-plot the Thrusts in purple.
The bottom color-changing line is called the Master. It is only affected by the Accelerations (green/orange diagonals and Thrusts).
A cascade is rare, but you should spot it within 3 hours of the last thrust – price going stubborn and bowing back to the terminal.
The upper line is the Directional logic. This one is also affected by displacements and Bollinger Band rejections.
When it plots yellow, both sides have the chance (not entirely equal) to grab the lead and print an Acceleration (Drive).
There is actually one other thing that can be useful sometimes. The CounterForce52 is set to 18 samples and it plots purple bars after a 93-pip range. After the first finished purple, you want to scale out / scale in in the following 10-15 pips.
dire[i]=dire[i+1];
master[i]=master[i+1];
if (master[i]>0 && dire[i]==0 && Low[i]<iBands(symbol,0,30,2,0,PRICE_MEDIAN,MODE_LOWER,i) && Close[i]>iBands(symbol,0,30,2,0,PRICE_MEDIAN,MODE_LOWER,i)+100*Point && Open[i]>iBands(symbol,0,30,2,0,PRICE_MEDIAN,MODE_LOWER,i)
&& MFI[i]>25)
thrust[i]=1;
if (Drive[i]>0) dire[i]=1;
if (Drive[i]<0) dire[i]=-1;
if (thrust[i]<0) dire[i]=-1;
if (thrust[i]>0) dire[i]=1;
if (disp[i]>0) dire[i]=0;
if (disp[i]<0) dire[i]=0;
if (thrust[i]<0) master[i]=-1;
if (thrust[i]>0) master[i]=1;
if (thrust[i+5]>0 && thrust[i]>0) master[i]=1;
if (thrust[i+5]<0 && thrust[i]<0) master[i]=-1;
if (Drive[i+5]>0) master[i]=1;
if (Drive[i+5]<0) master[i]=-1;
Had enogh of dreading
The police pulling you over
With an expired license
Having no pension
No health care
Never had a paid day off
And been working 7 days
With 2 jobs all along?
[Pre chorus]
On the way on I-95
Your I-94 has expired
[Chorus]
Let's do a self-deportation
Tonight
Let's do a self deportation
To destination unknown
Carolina-O
Of the Sanctuary City
Any misstep now
Shall get you
Detained, your vehicle
Impounded
Your are a criminal
Your sin is wanting to live
Wanting to provide
You know you are not gonna survive
Without a cash paying job the
Implosion will mean total
Destruction and ultimately suicide
[Pre chorus]
Been in the US for a decade or more
Even have a small citizen child
Never mind
[Chorus]
Let's do a self-deportation
Tonight
Let's do a self deportation
To destination unknown
You don't have a home
The thrust achieved a lower high at the Weekly R1.
The upside is over for now.
I made the HH red for it took longer than 28 hours to play out (40+ in fact). That’s the time-out I was trying to refer to earlier. I also gave it the feature of a Displacement: turning the green dots to yellow (neutralise).
Since the partial gap fill, this one is the 3rd affair with the upper 30 BB, no matter how constrained it is.
A squeeze released to the upside.
Look at the money flow below and compare it with the recent peak.
The price is lower, yet the MFI is more overbought. This is what I call a continuation divergence (down of course). The moat is finally reversing the price at the 1.0570 level.
All that extra energy pointed out, and the lower 120 BB is hovering around 1.04. Travel towards it, and you are talking 1.038x.
The end-of-month money is about to arrive. Are they going to buy Euro over USD? Doubtful. We are due for a Wave 2 down.
Don’t forget that the configuration is still bullish as well as the drive and the energy reserves are extra high.
The fractal nature of a thrust becomes obvious here.
After the LL print the entire structure was 158 pips long. Yes, a thrust can have an acceleration in it, in fact they all do under the hood. This was the breathe-in move.
The breathe-out was 164 pips. On lower timeframes, the above structure should become visible. Only the speed was faster. And yeah, my plots may only highlight the end of the Thrust in purple.
Remember my powder boxes?
This is on the 4H. The powder box gets shaded if a bumper line gets crossed, which is a 200-sample high/low pushed out by 100 pips shifted by 21×4 hours.
if (High[i+20]>iHigh(symbol,0,iHighest(symbol,0,MODE_HIGH,200,i+21))) upperbumper[i]=High[i+20]+1000*Point;
if (Low[i+20]<iLow(symbol,0,iLowest(symbol,0,MODE_LOW,200,i+21))) lowerbumper[i]=Low[i+20]-1000*Point;
Everyone is still calling the low an end of Wave 3. I’ve been calling this leg down a Wave C (that ended in strength) for several months now.
You could see an outsized move soon, CI (Choppiness) went above 62 not long ago. We’re talking a 100-120 pips.
A Displacement brings on a balanced market but is time/event constrained.
A Drive following a Displacement in the direction of the last Thrust is reinstating the original direction.
There are implications such as against the move away from the Thrust is the move until a Drive shows up in the opposite direction – and this cannot be the case while the configuration is bullish, since Drive can only develop in line with the configuration. Therefore the only way to turn the market back in a lasting manner is by printing a Thrust in the opposite direction.
Bullish configuration means that the market is in the 200-sample hourly block that is closer to the 200-sample high than the 200-sample low – chasing new highs so to speak.
The only example I have for the Thrust not exceeding the HH print is this:
The whole pattern was sort of an inside job. The drive was engulfed by the prior move and the low that came out of it was a higher low.
Now, the little yellow lines I was drawing on the daily chart.
I was trying to plot an “M” that seems to happen after every 3rd Fresh Out (F) daily print. The Right Shoulder ought to be recessed. It did not happen in this falling wedge. The 100-pip stop loss was tagged instead 3 days in a row. Something was up – this Coda is a unique feature with its volatility expansion.
This is a bull market currently.
The black line suggested a Limbo below the 1.0531 level – it barely tipped in the block by a pip.
I kept on going back to this gap-up for ideas: this one opened up and pressed higher, then closed the gap and even went lower by 30 pips.
The current gap acted similarly, but it never even fully closed the gap – making the current move up even more bullish.
The fact that we had this pullback now to below the S-30 would hint a new leg up, and instead of a HH, we may see another acceleration next.
By the way, the easy, safe entry is the pullback after the HH print for a 46-53 pips move.
Talking to Spock
Taking stock
Drinking tranquilo tequila
Irregular arugula
Served on a contem-plate
Beam me down
While Stiletto is still at home
I'm at the point of failure
At the point of Disco break
Retro stereo
O-LED in Technicolor
Misfit drone war
[Chorus]
Clam calamity
What's in your holster?
Save our holes
Save our shells
I find you too smug for a slug
Bacardi Buck
Twist on the rocks
Paint me some relief
Cure my disease
High hopes
Dressed in ropes
Reading your bio
Passing a laugh
[Chorus]
Clam calamity
What's in your holster?
Save our holes
Save our shells
I find you too smug for a slug
Meek shrieks
You're going to inherit the world
Sorry I can't be paying
Any More
Attention to you
You screwed it up
Having been born dull
...the biggest cardinal sin
is Being Boring
We were never...
[Chorus]
Oh, clam calamity
What's in your holster?
Save our holes
Save our shells
I find you too smug for a slug
It looks like the downside is being postponed for a while.
A Driven Thrust’s characteristics on the upside.
The drive phase ends in the Higher High.
After the acceleration (1) the pullback can be a graze to a 12-pip undercut of the 8 EMO.
The HH is a small beat. Statistically 4.5-18 pips.
After the HH there is a pullback 1/2 to 3/4 ways towards the 30-sample BB’s other end. The 7-sample MFI would drop below 15 (yellow ovals, picture 1).
The thrust would be a further beat (6-27 pips on the upside, typically around 15 ) that would get close to or exceed the future location of the cover line (10-sample hourly low + 53 pips) which would put the final leg up at around 53 pips from the green box buy after the HH, and it would stay outside the overbought field (76) on the MFI.
Also, back to back 2 Driven Thrust sequences are a theme.
After the first Thrust, there should be a drop to the 80-pip line and outside the 30-sample BB.
The previous example of how a Total Regime Change may play out.
Notice the numerous attempts before managing to flip between the two configurations.
After every spike out there would be a move back beyond the 30-sample BB at a minimum, but there may be multiple driven thrusts (purple diagonal lines) that each would take the price beyond the 120-sample BB.
The big question is whether we are at the first or the second arrow. If we get a consolidation in the new configuration (above the 80-line), it is the second up arrow, otherwise, it’s the first.
The upper guard rail was hit along with the hourly 356 SMA.
I think the moat did its job—it halted the move. To make the crossing unobstructed, it has to slim down from the current 46+ pips width to below 27. (The moat is between the 207 EMA band (E-9 daily) and the 356 SMA (hourly metrics).
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