GET READY: DJI correction possibly on 4H time frame.
In this screencast I explore the importance of the 4H ATR trend line in association with SqM switches. This is about taking early notice of areas where stuff may happen.
The future hasn't been written as yet, and I don't do predictions. What I see is the chance of a 4H trend weakening, based on the historical a patterns of the DJI.
If the 4H ATR flattens further then there is increasing probability for the south. But what does that mean? Well, it doesn't mean that the whole market will crash. It means that a correction may be coming up.
Note that for any probability estimate in one direction there is a residual probability in the opposite direction.
Disclaimers: This is not encouragement to trade in securities. If you take positions in this market your risks and losses are you own. In simple terms sue yourself if you lose money. Approximately 70% of retail traders consistently lose money in trading.
The future hasn't been written as yet, and I don't do predictions. What I see is the chance of a 4H trend weakening, based on the historical a patterns of the DJI.
If the 4H ATR flattens further then there is increasing probability for the south. But what does that mean? Well, it doesn't mean that the whole market will crash. It means that a correction may be coming up.
Note that for any probability estimate in one direction there is a residual probability in the opposite direction.
Disclaimers: This is not encouragement to trade in securities. If you take positions in this market your risks and losses are you own. In simple terms sue yourself if you lose money. Approximately 70% of retail traders consistently lose money in trading.
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