A bullish rejection from the mid-channel area potentially setting up the possibility of a small T if yesterday turns out to be a low.
Momentum slowing and an OSC Oscillator Sell Signal will occur today.
Osc signals are a lagging momentum indicator and suggest that it is unlikely that we will see significantly higher new highs if we do rally.
I have drawn in the possible new T which will not be activated unless we actually get a Buy Signal and note that it does syncronise with the scheduled upcoming pulse and echo cycle highs.
Keep an eye on the T volume oscillator for signs of life, and allow price to be the leading indicator for commitment.
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Disclaimer: This is the diary of a personal trading system, its methodology and the signals that it is producing. You are welcome to follow along but please understand that the information presented here is for educational purposes only. No recommendations are being made to buy, or sell stocks, options or futures contracts. Please consult your own financial advisor before making any investment decisions.