How 5-Minute Intraday Candles Move Based on CPR Widths
How 5-Minute Intraday Candles Move Based on CPR Widths:
1️⃣ Daily, Weekly, and Monthly CPR are narrow:
- Expect high volatility and strong trending moves.- 5-minute candles will likely break out forcefully in one direction.
- Little to no pullbacks, price moves quickly away from CPR.
2️⃣ Daily CPR is narrow but Weekly and Monthly are wide:
- Intraday breakouts possible, but moves may lack follow-through.
- Initial strong 5-minute candles may fade later as higher timeframes resist.
- Initial strong 5-minute candles may fade later as higher timeframes resist.
- Good for scalps and quick trades, but watch for false breakouts.
3️⃣ Weekly CPR is narrow but Daily and Monthly are wide:
- Intraday moves align with higher timeframe trends.
- 5-minute candles may start slow but develop into a strong trend.
- Intraday moves align with higher timeframe trends.
- 5-minute candles may start slow but develop into a strong trend.
- Watch for small breakouts that expand into bigger multi-day moves.
4️⃣ Monthly CPR is narrow but Weekly and Daily are wide:
- Choppy intraday movement, lots of whipsaws in 5-minute candles.
- Market lacks direction, expect stop runs and quick reversals.
- Choppy intraday movement, lots of whipsaws in 5-minute candles.
- Market lacks direction, expect stop runs and quick reversals.
- Major breakout could be coming soon, but not necessarily intraday.
5️⃣ Daily CPR is wide but Weekly and Monthly are narrow:
- Intraday range-bound trading, price respects Daily CPR.
- 5-minute candles likely to reverse frequently, better for mean-reversion strategies.
- Intraday range-bound trading, price respects Daily CPR.
- 5-minute candles likely to reverse frequently, better for mean-reversion strategies.
- Difficult for trend traders, but good for scalping within CPR zones.
6️⃣ Weekly CPR is wide but Daily and Monthly are narrow:
- Intraday volatility exists, but larger trends don’t form easily.
- 5-minute candles may show sharp moves but no sustained direction.
- Intraday volatility exists, but larger trends don’t form easily.
- 5-minute candles may show sharp moves but no sustained direction.
- Expect fake breakouts and frequent pullbacks to CPR.
7️⃣ Monthly CPR is wide but Weekly and Daily are narrow:
- Difficult intraday trading, 5-minute candles lack momentum.
- Price mostly respects Monthly CPR levels, making it a slow day for traders.
- Difficult intraday trading, 5-minute candles lack momentum.
- Price mostly respects Monthly CPR levels, making it a slow day for traders.
- Long-term range being built, intraday scalps may struggle.
8️⃣ Daily, Weekly, and Monthly CPR are wide:
- Market is likely in a long-term range, with weak momentum.
- Best for option sellers, worst for momentum traders.
🔹 Key Takeaways:
- Narrow CPRs = More Volatility
- Wide CPRs = Choppy, Range-bound Market
- Daily narrow + Higher Wide = Quick intraday trades, false breakouts possible
- Wide CPRs = Choppy, Range-bound Market
- Daily narrow + Higher Wide = Quick intraday trades, false breakouts possible
- Higher narrow + Daily Wide = Slow start, but potential big multi-day trend
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