4h on left showing hma and dmi setting up to bear cross. However, current di- structure presents potential bull div with LL price on Jan 31 not reflected in HH on Di- within DMI.
Sell pressure still present but projected targets downside (post mercy pomp on 30m to 3841, give or take) would be mid level, 3796, 3786, 3768 , and 3754. From current HOD @ 3843, all targets to 3754 are feasible based on 1d atr @ roughly 89 pts.
Weekly atr @ 146 pts; from the current low @ 3656 to the High @ 3843, we've done roughly 128% of the weekly atr all to the upside. Current price @3829 is roughly 167 pts or 112% of the weekly atr from the weekly low.
Possible to push higher? Always, but probabilities would favor a dip.
Across the board: 4h bearish , 1d bullish , 1W bearish
Appreciate the risk.
Sell pressure still present but projected targets downside (post mercy pomp on 30m to 3841, give or take) would be mid level, 3796, 3786, 3768 , and 3754. From current HOD @ 3843, all targets to 3754 are feasible based on 1d atr @ roughly 89 pts.
Weekly atr @ 146 pts; from the current low @ 3656 to the High @ 3843, we've done roughly 128% of the weekly atr all to the upside. Current price @3829 is roughly 167 pts or 112% of the weekly atr from the weekly low.
Possible to push higher? Always, but probabilities would favor a dip.
Across the board: 4h bearish , 1d bullish , 1W bearish
Appreciate the risk.