Postaus

Initial thoughts were price would take out the equal lows - which it has - but sweep and reclaim, before pushing higher. Instead, we've taken out the equal lows, and are forming a tight consolidation just below the former range we broke down from. This isn't bad - just a different variation of the setup that I had in mind. In the bullish case, this is manipulation before we reclaim the imbalance above (> 1.3717) and then expand higher from the overall consolidation structure.