Watching the 5m chart as the EMA's gathered again. The
earlier compression was distorted with the lower periods
releasing early (up) and a tight configuration failing. It has
given some good movement but not with much force.
Now again they have drawn together and if the PA will
move back up to pull the lower periods (EMA's) back towards
the bunch then we could see a good release and separation
off of that point. If it lingers down below, the pattern will
break apart and the energy for a large move will be lost.
A move upward will lend energy to the larger TF's which
have been in separation since the 4h drop. Generally the
next higher TF such as the 15m which has been in separation
could also draw together jointly with the 5m for an even
bigger move.
Just my perspective.
Dr. D.
earlier compression was distorted with the lower periods
releasing early (up) and a tight configuration failing. It has
given some good movement but not with much force.
Now again they have drawn together and if the PA will
move back up to pull the lower periods (EMA's) back towards
the bunch then we could see a good release and separation
off of that point. If it lingers down below, the pattern will
break apart and the energy for a large move will be lost.
A move upward will lend energy to the larger TF's which
have been in separation since the 4h drop. Generally the
next higher TF such as the 15m which has been in separation
could also draw together jointly with the 5m for an even
bigger move.
Just my perspective.
Dr. D.
Attached Images