Daily Data for Wednesday 14 August 2019 In Bear Territory Price Projection: 7587 HMA: Very Strong Bear BSI: Bearish Bull RSI: Neutral Bear RSI: Bear 5 RSI: Negative Consolidation:Broken to the low side Price- Trend: 2.1x ATR
Prices are now 2.1x ATR away from the mean. Expect some mean reversion (return toward the MAs) before any further movement. Attached yahoo finance article regarding the futures position for the 15 August 2019. This is an example of set-up for a reversion to the mean. We may start there and fall or we may start low and move high. What ever the case may be. Prices don't like being 3x or more away from the mean.