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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