EURUSD - Rising in the short termEURO / U.S. DOLLARFX_IDC:EURUSDPrinciplesofmathprobThis is what the algorithm is showing All the calculations came from the algorithm Naturally, by reversing at the lower parallel, that is where P3 is formed, even if the algorithm hasn't detected it yet, as it needs to move up another 25 pips to test P2 and confirm P3. However, we can already plot the latest median line, which is quite obvious, emerging from P3. I already had this pitchfork on the chart after the rally on Tuesday morning. There was no Test & Retest trade here; it just touched it and moved to the upside. The target remains the same: the median line (center), which coincides exactly with the range the algo is marking. Obviously, there is no setup of any kind here. Prices need to approach an extreme. The center acts as an extreme; it is not merely an equilibrium where prices remain stagnant. One could call it an "unstable equilibrium", as it functions both as a balance between supply and demand forces and as an extreme point at the same time. A balance in a system that is far from equilibrium is, by definition, an extreme. After rising, demand may exhaust, supply may resume, and a short position could emerge from it.