The compressed direction is more decisive, with shorts in an advantage—don’t get carried away.

Most people are still staring at the 15-minute RSI oversold signal, thinking a rebound is due—but the 4-hour model gives 83 points bearish, and the daily trend hasn’t flipped either. The 1-hour ATR is only 0.005, and price is being kept very tightly compressed—this kind of compression usually doesn’t end gently.

Now entering around 0.2777-0.2783, with a stop-loss at 0.2899.

TP1 0.2685, with the first leg profit potentially getting violently boosted.
TP2 0.2624, with the profit potential expanded even more violently.
TP3 0.2533—if that happens, the profit here is close to a violently boosted level.

Edge is 4.8, meaning the probability of the bears being favored is far higher than that of a rebound. Don’t get fooled by that oversold signal—compressed moves often turn out much more decisive. Don’t let your position sizing get carried away; if this market flips, it can do it fast.

$RAVE