W/e Review
Friday's pip range (162) came in at 125% of the 20 day atr which is now 125. The week saw a pip range of 313 which is 155% of the 201pip 20 week atr. So far this month price has covererd 313 pips range which is 56% of the 552pip 20 month atr.
Another bearish Weekly candle with a longer upper wick than lower wick on the candle and although no fractal swing created by it's close - it will be at a LL off the last fractal swing which was the HH, when it does form. The weekly lo was at 4884. This t/f remains in a strong down move although not strictly an opa downtrend yet per fractal swings.
A bearish candle close on the Daily on Friday although lower wick is longer than it's upper wick. No fractal swing created by Friday's candle close although it will be at another LL in this t/f's opa downtrend when it does form.
The last 4hr candle was bearish and this t/f remains in an opa downtrend.
Looking to the downside of the closing price:
4900-4884 prev 1hr/minor 4hr sw lo zone
4869 Monthly S1 @/around
4822 76.4% 4225-6746
4806 Weekly S1 @/around
4688 Weekly S2 @/around
4595 85.4% 4225-6746
4576 Monthly S2 @/around
4400-4342 prev minor weekly sw lo zone incl 4374 = Weekly S3 @/around
4332-4225 prev weekly/monthly sw lo zone
Friday's pip range (162) came in at 125% of the 20 day atr which is now 125. The week saw a pip range of 313 which is 155% of the 201pip 20 week atr. So far this month price has covererd 313 pips range which is 56% of the 552pip 20 month atr.
Another bearish Weekly candle with a longer upper wick than lower wick on the candle and although no fractal swing created by it's close - it will be at a LL off the last fractal swing which was the HH, when it does form. The weekly lo was at 4884. This t/f remains in a strong down move although not strictly an opa downtrend yet per fractal swings.
A bearish candle close on the Daily on Friday although lower wick is longer than it's upper wick. No fractal swing created by Friday's candle close although it will be at another LL in this t/f's opa downtrend when it does form.
The last 4hr candle was bearish and this t/f remains in an opa downtrend.
Looking to the downside of the closing price:
4900-4884 prev 1hr/minor 4hr sw lo zone
4869 Monthly S1 @/around
4822 76.4% 4225-6746
4806 Weekly S1 @/around
4688 Weekly S2 @/around
4595 85.4% 4225-6746
4576 Monthly S2 @/around
4400-4342 prev minor weekly sw lo zone incl 4374 = Weekly S3 @/around
4332-4225 prev weekly/monthly sw lo zone
ex member