Good sign in the strength of the reversal (so far) today.
Correction (so far) has played out within an acceptable range (long positions).
Risk Management:
1st Bell: EMA & SMA cross down (-) (TRIGGERED)
2nd Bell: cross below 200D SMA -1hr freq (Early Exit Longs)(False Bottom Watch)
3rd Bell: cross below pink line(s), signals retest of previous trend lows (False Bottom Warning)
Forecasting Tips:
1) look at the current price position and compared w/ 18 day trend line
2) look at the then 8 month trend line compared with current position and trend
3) evaluate micro & macro state of order book (bid/ask)
...you be the judge :)
Happy Forecasting!
PS please feel free to add supportive / constructive comments for value added education and sharing.
Sincerely,
11:11 Research
Correction (so far) has played out within an acceptable range (long positions).
Risk Management:
1st Bell: EMA & SMA cross down (-) (TRIGGERED)
2nd Bell: cross below 200D SMA -1hr freq (Early Exit Longs)(False Bottom Watch)
3rd Bell: cross below pink line(s), signals retest of previous trend lows (False Bottom Warning)
Forecasting Tips:
1) look at the current price position and compared w/ 18 day trend line
2) look at the then 8 month trend line compared with current position and trend
3) evaluate micro & macro state of order book (bid/ask)
...you be the judge :)
Happy Forecasting!
PS please feel free to add supportive / constructive comments for value added education and sharing.
Sincerely,
11:11 Research
