In the markets, what goes down must go up
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Signals used for the entry to this trade :
Macd Histogram shows divergence to price and is rising...
Macd Fast Moving Ave has turned up (lime diamond printed on the line)...
SlowSTO is oversold (lime coloring on the line)...both stochastic lines have
turned up and a STO TA Hook has printed (yellow diamond printed on the line)
nQoos' Expanding Triangle pattern...nqoos was a futures trader
who frequented the daCharts.com website way back when. He introduced me to this containment pattern.
He drew horizontal Support & Resistance lines within the triangle and would use them such that
if price broke either horizontal, it would continue to the expanding diagonal containment lines.
3 month look at the Industrial Futures ...
BZ retrace 2 is the new target although indicators are sending conflicting signals
Starting the count from Dec '21 you get a completed 5 wave move to Feb's bottom...(bullish)
Starting from Jan, price is completing the 5th wave and testing resistance at the upper channel line (bearish).
How much truck do you place on wave counts and declining channels?
The stochastic 1-2 DIVergent-Punch and MacEMA TURN patterns
... anticipating confluent signals for down trend reversal...
03/20/22 Sun night 07;52;17 PM...+14 points or $70 became available...
I used Exit at Mkt & Cxl for +11...$55 ...zero draw-down
Arrows show the ENTRY and initial STOP, red dashes are raised stops