Summary:
1D presenting bear divs and pending bear x
8H/4h showing mixed signals between DMI/HMA rotations, and printing bear div.
100% of wkly atr to the upside would allow push to 4389, and though 8H signaling potential bounce, weakness in buy pressure on 1d and 8h, suggest marginal highs. Anticipate exhaustion @ 1d rt's between 4327/4314, if not the 200 HMA on 4h @ 4312, which would roughly be a 2nd tap on long term RT from ath.
Downside targets feasible within wkly atr would allow dip to 4187, though unlikely as 91 pt dip from even the current HOD (@ 4288) would need damn near 240% extension of current 1d atr @ 38.42 (not impossible, but also not probable.)
Keep targets within feasible extensions of 1d atr, roughly 4250/4240.
Should be noted that 200 hma on 8h (@4197) also feasible within the 1w atr.
Never be the last one out.
Potential plot twist: Giga pump to 4349 for no reason other than that the ghost in the machine is a sadist.
On Left:
1d chart with buy/sell zones based on wkly and 1d atr.
100% of wkly
to the upside: 4389
to the downside: 4187.5
100% of 1D
to the upside: 4314.5
to the downside: 4250
HMA and DMI both read pending bear x, with hma rt's @ 4314 /4327
DMI printing no HH on di+ (buy pressure) since
1.) July 28 close @ 4133.5
2.) Aug 11 close @ 4209.75
3.) Aug 16 close @ 4307.75
Current price @ 4280, still roughly 147pts higher than last July 28, with still no signal on increasing strength on buy pressure.
Bear Div
On Right:
8h chart with buy sell/zones based on 8h and 4h atr.
100% of 8h
to the upside: 4303.75
to the downside: 4263
Both 8h and 4h (4h not shown)show pa above hma sup and pending bully, despite dmi pinching with next cycle to be a bear x. Price also printing hh but growing strength in buy pressure not presenting on di+.
Bear Div
200 HMA on 8h @ 4197, on 4h @ 4312
Appreciate the risk.
1D presenting bear divs and pending bear x
8H/4h showing mixed signals between DMI/HMA rotations, and printing bear div.
100% of wkly atr to the upside would allow push to 4389, and though 8H signaling potential bounce, weakness in buy pressure on 1d and 8h, suggest marginal highs. Anticipate exhaustion @ 1d rt's between 4327/4314, if not the 200 HMA on 4h @ 4312, which would roughly be a 2nd tap on long term RT from ath.
Downside targets feasible within wkly atr would allow dip to 4187, though unlikely as 91 pt dip from even the current HOD (@ 4288) would need damn near 240% extension of current 1d atr @ 38.42 (not impossible, but also not probable.)
Keep targets within feasible extensions of 1d atr, roughly 4250/4240.
Should be noted that 200 hma on 8h (@4197) also feasible within the 1w atr.
Never be the last one out.
Potential plot twist: Giga pump to 4349 for no reason other than that the ghost in the machine is a sadist.
On Left:
1d chart with buy/sell zones based on wkly and 1d atr.
100% of wkly
to the upside: 4389
to the downside: 4187.5
100% of 1D
to the upside: 4314.5
to the downside: 4250
HMA and DMI both read pending bear x, with hma rt's @ 4314 /4327
DMI printing no HH on di+ (buy pressure) since
1.) July 28 close @ 4133.5
2.) Aug 11 close @ 4209.75
3.) Aug 16 close @ 4307.75
Current price @ 4280, still roughly 147pts higher than last July 28, with still no signal on increasing strength on buy pressure.
Bear Div
On Right:
8h chart with buy sell/zones based on 8h and 4h atr.
100% of 8h
to the upside: 4303.75
to the downside: 4263
Both 8h and 4h (4h not shown)show pa above hma sup and pending bully, despite dmi pinching with next cycle to be a bear x. Price also printing hh but growing strength in buy pressure not presenting on di+.
Bear Div
200 HMA on 8h @ 4197, on 4h @ 4312
Appreciate the risk.