Russell: Example of perfect structure - corrective A B C wave in uptrend on 240 minute chart. Frequency of occurrence is low on the best formations...I tee it up when they come along. (Move started in last nights evening session).
Gotta love earnings season! TWLO will open up around previous swing high. This is a great example that shows oscillators are of little value when there are no oscillations or swings. Instead, the "sideways line" sets operations to "breakout mode".
Indexes have a three bar triangle on the dailies. This means that if the LOW of the 240 minute chart is taken out it is a failure test, and better downside can unfold.