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1d and 4h showing potential bully
Already tapped 100% of 1M atr to the downside
1M/ 1W/ 1D all would allow further downside extension - watch for price retest @ longterm ST from OCT 2022 and 1D interim sup @ 4291.
Note: 1M and 1W both bearish
1M macro rt @ 4566, interim rt 4522
1W macro rt @ 4358, s1 @ 4215
Upsides to be marginal until wkly sustains north of 4400, and 1M above 4500 -
should be noted that to date, 12m range is @ 81.5% of 12M atr.. thus hh or ll is feasible before year end.
appreciate the risk
Already tapped 100% of 1M atr to the downside
1M/ 1W/ 1D all would allow further downside extension - watch for price retest @ longterm ST from OCT 2022 and 1D interim sup @ 4291.
Note: 1M and 1W both bearish
1M macro rt @ 4566, interim rt 4522
1W macro rt @ 4358, s1 @ 4215
Upsides to be marginal until wkly sustains north of 4400, and 1M above 4500 -
should be noted that to date, 12m range is @ 81.5% of 12M atr.. thus hh or ll is feasible before year end.
appreciate the risk
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.