has been trading sideways for almost the whole month of October as the 1,485 - 1,520 High Volatility
Zone on 1D has been weighing neutrally on the price (High Volatility
Zone since August). Naturally 4H is highly volatile (ATR = 6.7236) and 1D still neutral marginally ( RSI
= 46.423, Highs/Lows = 0.0000) as it is currently testing the bottom (Support) of the Zone.
Based on the 4H RSI
which appears to be repeating the last August-September sequence, we are expecting the 1,460 Gap to be fulfilled. After all 1,460 - 1,453 is the current 1D Support Zone
. Above 1,520 the pattern is invalidated.
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