inside dristrubtion 10 /8

Here is an example of a distribution inside another distribution..completing the 4 steps in quick time , it is still part of the 4th step in the larger time frame. and this trading bracket is comming to an end .

SAME AGAIN ! WEEKEND 7/8

Another normal distribution , completing the 4 steps ..there was greater price control in this bracket with a high percentage of time slots hitting the value price of 4537.Mav's converged again going from step 3 into step 4 , and we will probably see another convergence as we wrap up step 4 before moving on.At this point no clear direction but the possibility of testing levels lower should'nt be dis regarded.

Intresting stats.

Intresting that this new trading range has stopped the market dead in it's tracks so far. There are 89 1/2 hr time slots used since we broke higher from the previous trading bracket , of those 89.. ( 44 or 50%) have traded at the value price 4535 which is just above the 50% retrace level( 4528) for the whole rally.IN the previous trading bracket there where 277 1/2 hr bars and only 48 of those or 17% traded at the control price which was higher on the re-trace scale at the 23% re trace level.
SO it's obvious the market has paused ,the current trading is between 4548 and 4520, under 4505 and where back in the old trading range with the value price down at 4467 ..it must get above 4550 to continue higher .AS fair a I can tell buyers and sellers are about even here , there is no imbalance , so there's not much to trade.

44

ONE FOR THE BEARS