Hi rubydiamond,
Let's take a look at some mathematics of today's trade for a glimpse of what may happen on the next trading day(next week's Tuesday ):
The 20 day moving average of the daily trading range is 0.0090 and the 60 day moving average of the daily trading range is 0.0067. This shows that volatility has increased in the short term. The percentage of updays when the open/low ratio is less than 25% is 54.90 percent. This means that if VPG does not drop more than 0.0023 from the opening price then there is a 54.90 percent chance that this will be an upday.
The [R3] or the most extreme high trading range is 0.1017.
The [R2] or the extreme high trading range is 0.0983.
The [R1] or the high trading range is 0.0917.
The [P] or pivot point is 0.0883.
The [S1] or the low trading range is 0.0817.
The [S2] or the extreme low trading range is 0.0783.
The [S3] or the most extreme low trading range is 0.0717.
Hope this helps.
dascore
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