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...
The What: 1d chart on left shows +/- 10%, 25% and 50% levels based on the monthly atr (roughly 450 pts) and the 4h chart on right showing +/- 10% and 50% levels based on the wkly atr (roughly 186pts).
The Why: +/- %’s levels serve as vola filters to map directional trend of a move within a given range, as well potential markers to gauge an extension in pa....
