DebtCeiling/ShmetShmeeling, trade the range🔮On the left, 8h showing pending bull x on hma and dmi, hma sup @ 4130, rt @ 4170, and 200 hma @ 4187
On the right, 4h showing interim trend bullish pushing upside to a bearish macro cycle. DMI showing next cycle as as bearish, despite interim hma cycle bully.
Upside algo pivs noted in arrows on the right, inside their respective sell zones based on 8h ATR (Blue Box), and 1d ATR (Pink Box).
Orange arrow is a major piv, if price does not go higher, 1d could feasibly close with new lod... 4129 - 4116 feasible
downside pivs below current 4h low of 4137 and within 1d atr ....
4135, 4127, 4122 and 4117.
Algos might rage-coil pre debt ceiling resolve, but the pivs are valid till tapped.
Appreciate the risk. 😎
