Monday, June 18, 2018 6:23:22 PM
60minute chart...you can play breakouts above support resistance lines and breakouts to new price highs...
On the 60 minute chart I see a good buy at $38 and maybe 40.60 to $41...
When trading the 60 minute chart you can start with signals from the 15 minute chart(when 60minute CCI is oversold)...but the 15 minute and lower timeframe charts come with more false signals...more intraday market noise.
15minute...you can trad the break above the last 3 price bars...I also see a red price bar($42.75-43.50) that had no follow through...it was followed with a blue bar and then a green bar as price moved above the high of the red price bar...$43.50...
I don't want to look lower than the 15 minute...
15minute...once 15 minute CCI crosses CCI centerline you should step up to a 30 minute chart= 30 minute will give less false signals...may trade exclusive 30 minute signals...but not 15,10,5...some think they can trade these lower charts but they are trading more intraday noise and less price movement.
IF $42.75 closed that 15 minutes below the 20 period average and reversed up...say 42.80 would have been a buy on the reversal...
That's playing price rather tight...on a 15 minute chart...
On the 60 minute chart I see a good buy at $38 and maybe 40.60 to $41...
When trading the 60 minute chart you can start with signals from the 15 minute chart(when 60minute CCI is oversold)...but the 15 minute and lower timeframe charts come with more false signals...more intraday market noise.
15minute...you can trad the break above the last 3 price bars...I also see a red price bar($42.75-43.50) that had no follow through...it was followed with a blue bar and then a green bar as price moved above the high of the red price bar...$43.50...
I don't want to look lower than the 15 minute...
15minute...once 15 minute CCI crosses CCI centerline you should step up to a 30 minute chart= 30 minute will give less false signals...may trade exclusive 30 minute signals...but not 15,10,5...some think they can trade these lower charts but they are trading more intraday noise and less price movement.
IF $42.75 closed that 15 minutes below the 20 period average and reversed up...say 42.80 would have been a buy on the reversal...
That's playing price rather tight...on a 15 minute chart...
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