Blue CL , Grey A&R, Black U-MLH = nice confluence.
Price is producing "air" between the last bars, shifting to the right so nothing is in it's way to go down to the (black) centerline(?)
TradingView Blog: http://www.forktrading.com/tradingview-blog
In elliott wave terms, the correction duration is important as well.
In time at mode terms, we can observe it to time the duration of the next leg.
It's interesting when I see confluence with timing in key's charts.
I'd like to know what you guys think of eurusd right now, and usdjpy, if you have some time.