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Haven't had a continuation this prolonged in a good while, but it is nice to see the residual memory holding inside the Wave.
A very critical hour, this one. As you can see, H1 Omega-Tac has finally crossed under Omega-strategic, signaling what could be the start of the Compression Phase that I spoke about earlier. Or, it could signal a rapid expansion of price coming soon. The reason for the belief that a rapid expansion in price is still possible for today's trading session, is due to the fact that Maximum Omega-Absolute (White Solid Line in H1 Indicator Window) has not been struck yet.
There are days when Maximum Omega-Absolute Value (White Solid Line in H1 Indicator Window) does not get struck. When that happens, Daily Omega is being compressed, which typically foretells of a rapid expansion in price occurring in the next session.
And, just like that - before I could finish typing, she starts her ballistic rant to the upside. The hunt for Maximum Omega-Abs is still on and I'm in pursuit.
3723 is the Daily Omega-Tac/Omega-Sac range. Though I am using the H1 time frame, the Daily time frame sets the expected range. If the lower time frames remain active (their respective Omega-Tac over Omega-Sac) then the Daily has a better change of seeing its range fulfilled.
Right now, there is some question about M5. If you note, the Omega-Tac and Omega-Sac MA lines on M5 are scaling downward. That's not what I would normally expect to see at 1800 GMT and that give me cause to be somewhat hesitant about reaching the Daily target of 3723.
Nice little H1 Trailing Short for the scalper - it was worth more than 20 pips if you caught it.
The new hour begins now at 1900 and still no Maximum Omega-Absolute Value spike to the white line. I am concerned about this price action at this point. Typically, the Maximum Omega-Abs Val spike does not take this long to materialize.
Nice little development underway here. M5 Omega-Abs has turned Yellow again and both Omega-Tac and Omega-Sac, are starting to turn upwards. If that behavior in the M5 OmegaWave continues, then that will open the door for the H1 to finally see its Maximum Omega-Absolute Value spike to the White line.
