St. Elmo's fire is a weather phenomenon in which luminous plasma is created by a coronal discharge from a sharp or pointed object in a strong electric field in the atmosphere (such as those generated by thunderstorms or created by a volcanic eruption).
St. Elmo's fire is named after St. Erasmus of Formia (also called St. Elmo), the patron saint of sailors. The phenomenon sometimes appeared on ships at sea during thunderstorms and was regarded by sailors with religious awe for its glowing ball of light, accounting for the name. Sailors considered St. Elmo's fire as a good omen (as a sign of the presence of their patron saint).
– Wickipedia
Another short term target acheived, opening up the possibility of higher prices.
Echo high today, endgame of major and minor T structures early next week.
Significant improvement in the T volume oscillator which removes the previous warning and if it continues could unlock further sections of the cash-build up line.
Be prepared for whatever comes next:
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