So the consolidation continues with now 8 consecutive bars with similar highs. On 2 previous occasions earlier this year something like this happened to be top formation:

There was no pattern, but a nice geometry at HOD:

Could this have been an "unfinished" bearish EXP ABCD? Initial reaction is quite strong:

I can't help myself looking for bearish setups these days :-) Here is the next one:

Is it going for new highs?



Mats

Possible ?


Mats

It seems that it feels the area here.



Mats

I already lost faith that any selloff could happen before Nov 2 meeting. Looking for bullish setups now:

Yes I agree, I do not know what century with had an sell off last day in a month!!

Mats

On a larger timeframe we could be in early stages of the W3 of the move off the bigger bullish ABCD Mats showed above:





But it could also drop hard as this looks like Roofer's medianline handoff.
Either way it should accelerate from here