*** Comments prior to evaluation summary ***
Orion:4Sight Range for coming week 27.36 - 36.67 (Mean: 32.02)
Orion:4Sight Range for November 26.28 - 36.80 (Mean: 31.54)
Standard Deviation has narrowed significantly due to in a narrow consolidation range "flat trading" (34.38 - 43.75) since week of June 8th.
Analysis is done based on the attitude and strength (or lack of) set up in the indicators on a weekly chart as of close Friday. Any news released over the weekend or during the follow on week can greatly impact the charts. Under normal world circumstances, I would say that most of the news is already playing into the charts as traders anticipate. However, 2020 is a little more different isn't it? So, what is the news?
Covid cases increase, they say maybe no vaccine until 2021 and world wide distribution until 2022, Europe locks down (Spain, Belgium, France, Germany), Winter sets in, Movie Theaters close, Restaurants and bars close, economy slows. America is getting ready to vote.
2020 by itself could be a Billy Joel song. "We didn't start the pandemic".
Trend Analysis:
The current trend is defined by the last price and it's relationship to specific moving averages.
Check the MA strategy for more specific suggestions.
Weekly: The relationship to the primary trend MA is bearish. The price in relationship to the other averages suggest short positions
Price Action:
Weekly: The average price range currently is 3.4 points/ticks/pips. Prices are currently 1.01x the normal trading range. Prices are trading within the mean range for activity. This generally indicates a healthy trading range.
Prices have broken through the low value of the consolidation range.
Standard Deviation
Weekly: Standard deviation suggests a range from 37.32 to 34.12 for the following week.
Calculated Price Strength:
The strength of the trend in conjunction with specific averages.
News announcements can change the strength and directional attitude.
Weekly: Trend strength suggests trading between a range of 33.62 to 37.82 for the following week.
Price Projection:
The price action has generated a projection signal for the underlying.
Weekly: Price currently displays (if strength and attitude continue) a desire to move toward 31.44
If strength and attitude continue, it could take between 2 to 4 trade periods (weeks) to reach the projection.
Indicators Summary.
A collection of technical indicators whose directional attitude has been summarized.
Weekly: Out of the cumulative indicators monitored, 18.18% are bullish, 54.55% are bearish, 27.27% are neutral
The CCI indicator trading strategy suggest the following:
Weekly: Strongly bearish - short entries.
Confirmation Signal
6 indicators combined to confirm entry/exit.
Weekly Bearish - Open directional trades
Orion:4Sight Range for coming week 27.36 - 36.67 (Mean: 32.02)
Orion:4Sight Range for November 26.28 - 36.80 (Mean: 31.54)
Standard Deviation has narrowed significantly due to in a narrow consolidation range "flat trading" (34.38 - 43.75) since week of June 8th.
Analysis is done based on the attitude and strength (or lack of) set up in the indicators on a weekly chart as of close Friday. Any news released over the weekend or during the follow on week can greatly impact the charts. Under normal world circumstances, I would say that most of the news is already playing into the charts as traders anticipate. However, 2020 is a little more different isn't it? So, what is the news?
Covid cases increase, they say maybe no vaccine until 2021 and world wide distribution until 2022, Europe locks down (Spain, Belgium, France, Germany), Winter sets in, Movie Theaters close, Restaurants and bars close, economy slows. America is getting ready to vote.
2020 by itself could be a Billy Joel song. "We didn't start the pandemic".
Trend Analysis:
The current trend is defined by the last price and it's relationship to specific moving averages.
Check the MA strategy for more specific suggestions.
Weekly: The relationship to the primary trend MA is bearish. The price in relationship to the other averages suggest short positions
Price Action:
Weekly: The average price range currently is 3.4 points/ticks/pips. Prices are currently 1.01x the normal trading range. Prices are trading within the mean range for activity. This generally indicates a healthy trading range.
Prices have broken through the low value of the consolidation range.
Standard Deviation
Weekly: Standard deviation suggests a range from 37.32 to 34.12 for the following week.
Calculated Price Strength:
The strength of the trend in conjunction with specific averages.
News announcements can change the strength and directional attitude.
Weekly: Trend strength suggests trading between a range of 33.62 to 37.82 for the following week.
Price Projection:
The price action has generated a projection signal for the underlying.
Weekly: Price currently displays (if strength and attitude continue) a desire to move toward 31.44
If strength and attitude continue, it could take between 2 to 4 trade periods (weeks) to reach the projection.
Indicators Summary.
A collection of technical indicators whose directional attitude has been summarized.
Weekly: Out of the cumulative indicators monitored, 18.18% are bullish, 54.55% are bearish, 27.27% are neutral
The CCI indicator trading strategy suggest the following:
Weekly: Strongly bearish - short entries.
Confirmation Signal
6 indicators combined to confirm entry/exit.
Weekly Bearish - Open directional trades