The story is a time-out. A momentum slip (see stochastic bars). An end of an M leg (Measuring).
A stall at a Pro volume block (cyan).
This weakness may escalate, so my current plan is to short (/cover longs) 7-10 pips shy of the 60-sample HL2 BB on the 30 min. See below the fractals constantly missing the upper line.
Despite the fact that when the large structure is over you would see a volatility whip (in white) that would usually tag the Bollinger band one more time (1.1848+ currently).
High volume hourly prints are a great clue. Can you see the projection lines and the result of the interaction here?
Note also how there was no momentum (Stochastic Bar print) on the last pending fractal print (higher high).
The levels you map beforehand.
I was asked yesterday early morning about what the EU would do next.
I responded with 3 lines.
Top’s not in.
Low 1.17 first.
1.1784 could be EOF W2.
A thrust on the upside would take anywhere from 2.5 hours to 5.5 typically. I don’t acknowledge the move below 46 pips, and I have a 57-pip minimum for a top to be considered as a colored plot and 84 pips to be instantly called a closed top.
The movement has not been overwhelmingly strong. The fact that after the new fractal print, the following candle managed to get below the 8 EMO hints that this is going to be a yellow divergence, meaning not optimal length of separation.
There are 30 more minutes before the new fractal will be advanced on the hourly. In 1 hour and 30 minutes, it can still be voided and the 2-hour timer restarted.
…
The breaches are still missing. The breach of the market speed trendline, and a high that manages to go outside the 30-sample BB.
I can’t yet call a top.
By the way, here’s the gray volatility divergence that was plotted at the bottom.
If you are curious how the system responds to a blank shot like today’s, it calls it another HH. 21 minimum is the pips of pullback before proceeding.
The previous swing high printed a volatility compression anchor at 4.4.
Now you need a higher high with a divergence. 5.5 will do.
For a Gray divergence, you simply need the next hour with a lower high that stays above the 8 EMO (Magenta).
At resistance, for sure.
What is .11773 famous for?
The pro volume daily candle’s close.
The first house break had a 55+ pips rally. The second had a 35+ pips rallly, this one has a 16+ pips rally, making it a double divergence.
A Wave 2 from hell (deep, deep retracement), but still a Wave 2.
Update after the print:
With the new high this hour, the Vax print is now at 2.5.
Which means, if this candle settles on the high, there would be no more divergence; instead, the volatility compression anchor value would get updated.
…
Evolving situation, the June high is now within reach.
W3M is at 1.1823. On the bottom, you can see the double divergence on the Market Speed indicator.
A thrust for a finale and tomorrow’s heavy news, stochastic embedding, all-out buying – CTA style compression…
Not a gray divergence. Gainsboro. Not the final high.
So, the market remains in a Mapping mode. This means that the moves are volatile enough to ultimately get outside the Yellow lines (Yellow arrows) at least on the first legs.
The tide turn signals are not useful in a mapping market. The green and pink hoops are turns occurring about 1 fluctuation maximum away from the 9-day EMA (“the valley”). The blue marker lines are trade suggestions for a 16, 35, 55-pip break, either because of the flip at the E-32 (Khaki) or at the edge of the house (Pink shading).
On the daily, the BB squeeze is about to set in, meaning a directional, trending move is pending.
Sure, the last time it was to the upside, and I think it would be to the downside next.
The red diagonal line is a liquidity break to the upside. This one has come from the 2.8 fluctuation maximum line (white – no root), which is different from the previous, failed call that started from beyond 4.5 fluctuation maximum (deep root).
To please E.W. people, here is the 5-wave structure where Wave 3 could not be the shortest. Even if the current move down would be just an ABC (I think otherwise), we have not seen the C leg yet. A liquidity break sounds more like a Wave 2.
I believe that 1.1380 is in the cards, and possibly 1.1320 as well for the end of Wave 3 down.
Currently, there is an open top (Purple diagonal)
10 hours left to make a higher high; if that happens, the top is a bust. Beyond 10 hours, the beat (if it occurs) should be the bare minimum (1-2 pips).
Currently, I have doubts about the continuation, as the price should have returned to the E-24, but it did not; instead, it rebounded and started rallying after 16 hours, leaving this rally “in the air”, but it is right before Powell, so things may change.
If you like Madis, State Azure, you should fancy this track on album #79, Chill.
Track #6, Hay Little Dreamer is mopping the floor with this one for the views.
There’s my 5th French track here as well, Ensemble Maintenant (Track #9).
The daily RSI2 is finally getting some relief, but the stochastic has room to go more oversold. On the list of levels, 1.1445 is next.
A tide-turn warning in a Tracking market.
We can finally say that the swing high was made.
Where could the market go after losing the daily overbought status? Probably to neutral @ 50%, which is 1.09.
People who are calling for 1.40 do not seem to remember that when Europe was still functioning, 1.123 was lethally high for them. Now that the car industry, Germany is tits up, 1.18 probably just as high. So, on the way to 1.30, Europe would blow up multiple times with the double whammy of no exports (no income / no gdp) and high currency conversion rate.
My new, 15-calibre album. I went the extra mile with no compression and maxed out quality wherever I could for this re-makes and remixes of my own songs made from scratch. No parodies this time, only original material.
You should always be cautious of moves that are 93+ pips in 3 hours or less.
This market was still accelerating at the low, meaning the move will continue, until a divergence would correct the stretch achieved.
At the larger arrow the acceleration was about 3x fluctuation maximum from the mean (E-9). You would need to see a 2.85+ print with a lower low for a divergence or a larger print for further acceleration (i.e. Wave 3 commencing).
Here is a guy that you want to avoid trying to learn anything from:
This guy is a cowboy, and he’s there to take money from you monthly. One of the most F-ed up personalities ever.
As I mentioned earlier, the standout guys are the open & close of the high-volume daily candle.
[Chorus] Slick homesick Stainless Steel Rats The choke point Is the selling point Nothing to be joking about Pronounciation of pronouns In progress Paratroopers partake In a blame game What's the holdup Asks Horatio Holding up a Chorizo Smooth operators Consuming smooth jazz [Chorus] Slick homesick Stainless Steel Rats Sleeping under the blanket Of a worn society A hound dog By the zero bound A cobra-bite puncturing The space suit Dervish spinning among the debris Words of gibberish and hubris In the year 2525 - you don't wanna know - Trials and try-ons Tyranny and try-outs Total loss of conscience Nothing exciting going on On the event horizon
Album #77 is here, including the hit single, This Is Now America.
This is now America (Sha, la, la, la, la) Autocracy A little shame for me A big breach of human rights (There goes Constitution) For this is now America Healthcare coverage running out soon Try not to get hurt While engaging in raping (this America) For your Nazi leader There was democracy Before elections-rigging Bombs fill up the sky Death, no health, plague Asking about the blues, do you know why?
Soldiers & policemen wearing masks Trying to cover up their conscience We went into war the other night Who needs congress to decide When you can have a dictator! Corleone is performing a speech Make America pronounceable Again without fear Earn the right to be proud Alligator Auswitz Is not a step in the right direction
To the few, the meaning-lost Stop taking commands From a bigot monster On the top of the fastfood chain No kings - that's how it all started This is how it is going
Still in the transitory tide market, with a tide crash having just occurred on the upside.
The default target is beyond the yellow, currently below 1.1631
There is a chance that the market would transition into mapping and do not come back (close back inside).
I believe that there should be a catch-up with that started trendline. The Duds are meaningless in a tracking/tide market, just like the Tide prints will only work in one direction during mapping.
The more time wasted, the deeper the target.
The only way I could picture a sustaining turn (without a serious drop) would be an hourly down fractal followed by another one, that exceeds it by 5+ pips, a lift, and a bow-back to the low, and a purchase within 4 pips of that.
How to make a “best of” selection from 1200 songs that I made in a wide range of styles?
I only have clicks info for about the last 10 albums, thanks to the Topic.
So I decided to call the playlist Milestones. Started enrolling the most listened to, the curious, and the achievements that may outlive other works. A well-known voice does not qualify alone.
Of course, finding the most listened to album (335 listens) does not take much.
The #2 might catch on (260 listens), as someone seems to be listening to it on a daily basis.
Once I get to 2000 songs, I will re-visit the question of renaming myself to The Weekdys.
You know, no one has ever named themselves after Week Days, and the drop of the vowel would be very original too. I guess I just can’t help being a parodist.
The dilemma is always there. Is this the start of something or the end?
Your answer is the weight of the evidence, but you need enough uncorrelated things to plot, look at and evaluate correctly.
Exceptions & fake outs.
There are things you can learn & build upon.
When the Money gets this overbought, a higher high has to correct back. The one exception is when the entire volume gets absorbed.
The stochastic not being overbought can mean both: there is room or it can’t seem to get overbought.
What do you know, pro volume print on that money flow peak.
There were three thrusts (green) which meant a time out, but the bounce taking a day plus already has achieved nothing on the upside. The last leg’s first established level was bought at 1.1690, but there was an absolute stall out at the 100-pip stop.
This morning the level was cleared, but uou had 3 daily closes below it. Which is the fake out here?
There was a Tide turn warning, but the crash went on for 23 pips and we are still over the bump. Do you doubt a Tide Crash advisor?
The house is too wide (grayed out numbers in the brackets) – meaning too high volatility to start a move.
The sell off did not result in momentum detection (stochastic bar prints) on the downside, but was flashing red with this measly move back up.
Does this mean the presence of momentum of fresh overbought toxicity?
Lastly, the Daily RSI2 seems to be doing a crooked finger move, rising up for the next bite. The Nick Rhodes scale has 2 more degrees to give before a final turn back up becomes a good probability.
Due to the high energy reserves, the S20 might be taken out with ease. 3-5 days selling would bring the daily stochastic to neutral. 1.0608 and 1.1572 are two high volume call points on the way down.