orange represents ranging PA. green is breakout scenario. red is breakdown scenario
if we are to range you would wanna see a bounce from this L3/4 area up to at least retest H3 area. if we break L4 or H4 more than likely gonna see a big move down or up. linear regression channel on the 4hour is sideways exactly. oascillation is low... but not so low as that it could not go lower. lets see
weekly camarilla. invalidated if under weekly L4. L3 to H3
likely correction from H3 to L3. following that L4 and H4 this week holds the doors for a breakout or breakdown of newly established range
could se rejection from camarilla daily H3 or weekly H4 leading towards weekly L3 and possibly lower. invalided with strong break of H4 weekly
sitting on the monthly L4. if we find some bounce support here I would look for a move towards next months H3/pivot for a short opportunity. if we start closing daily candles under L4 I would look for continuation to the end of the month and maybe into next month around 15k area
H3 to L3 and L3 to H3 are ranging price action. H4 to H5/6 would be breakout play. L4 to L5/6 would be breakdown play. there is confluence with weekly camarilla pivots also with the daily levels as far as targets go.
camarilla pivot points. linear regreassion channel and triangle trendlines on low timeframes
Short with tight stoploss at H4 area. targeting lower pivot, H3 and L3. if it breaks H4 it can see H5. weekly camarilla pivot points.
camarilla pivots. linear regression. potential bull div. trend and levels. will want to see a higher low put in here or it could get ugly
long from L3 targets H3. break H4 and it can go higher. break L4 and we will continue lower
long from L3 to H3 and above. manage risk from L4 OR long from H4 to H5/6 manage risk at H3 short from L4 to L5/6 manage risk from H3 camarilla pivot points intraday levels
H4 is the level to break. targets are H5/6 if it does. H3 to L3 is the ranging move to watch out for. it could happen and even breakout after that. Break of the L4 confirms this as a trap and would look for breakdown to L5/6
ranging between H3 and L3. breakout levels H4 and L4. camarilla pivot points
weekly camarilla pivots. we could find resistance here. if we break H4 we may find H5.
orange path anticipated ranging behavior. green path is bullish breakout red path is bearish breakout
red is bearish scenario. green is bullish. orange is ranging behavior. use levels and camarilla traditional stradegy to manage risk
intraday camarilla pivot points. ranging between L4 and H4. breaking L4 good for bears. breaking H4 good for bulls