Levels based on 1W and 1M ATR levels based on weekly atr on the left and monthly atr on the right,
4h in bear x on dmi and hma
1M showing PA below fast moving hma and di+ curving down
1M extended @ 131% of 1M atr
break below 4490 and 1M could begin bear x on hma
Note:
1M dmi contracting to bear x with st @ 4440 with di+ @ 25.6 and di- @ 7.4
Bear divs visible on the weekly down to the 4h
Watch 4461.
appreciate the risk.
Dipisagift
hefty chonk go nuh-night 😴summary:
1.) Bear div between PA and DMI
2.) VA on VPVR an POC is downside
3.) Monthly ATR extended to the upside
AMD has provided a fat run on the monthly, from L @ 99.85 to H @ 121.56 AMD is at roughly 117% of 1M atr all to the upside.
dmi shows waning buy pressure, visible on 1d and 4h.
pa started dipping below fast moving 1d hma on the 18th and despite hh's on pa, di+ on 4h is curling down.
pa now below both hma's on 4h with a pending bear x on both dmi and hma, next cycles on 1d also bearish.
watch for passive range downside between s1 / s2 with targets 117.68 / 116.05 / 113.82
break below of 114 on 1d opens range to s3 with targets 108.25 / 106.25
VA on net vol since last earnings, between roughly 111 and 103, with POC @ 106
200 hma @ 111 on 1d and 108 on 4h.
all targets noted are above POC on net vol since last earnings
did i say crash? no i didnt.
dip is a gift.
relax.
appreciate the risk.