So I personally believe we are headed to that 136.00 strong support line.
Presented is the daily chart. Clear patter shows that when a bullish bar closes closer to the open price just beneath 138.00 following a bear trend, the trend continues.
On the 4 hr chart a sell super trend triggered before the MACD and signal line crossed through the 0 line. When this a sell super trend triggers early on 4 hr chart like this the MACD and signal line will cross the 0 line as a rule. (I have not seen otherwise). Generally the sell super trend on a 4 hour chart will trigger at or just over the MACD 0 line. That being said I will be heavily rely on the MACD and signal line on 4hr chart to cross 0 line before entering a sell
On the 3 hr chart the MACD and signal are flowing nice down through the zero line. Both lines are also flowing through negative bins. Cross down through negative bins with no or minimal positive bin interference, is a good sign for downward continuation. Also much like the 4 hour super trend trigger, the sell super trend on 3 hour chart triggered before the MACD and signal crossed the 0 line. As you can see the early sell super trend trigger, pushed the MACD and signal through 0 line.
In order for all this to play out two important corrections need to happen on the 1 and 2 hr charts.
On the 1 hr chart the MACD and signal line must correct beneath the 0 line with a MACD cross down on signal. The MACD line on the 2hr chart will correct and bounce off signal to maintain trend as well as sell super trend line
If the MACD on 1 hr does not correct and resumes upward, the MACD signal cross up will trigger on the 2 hr chart which will then trigger an immediate buy super trend. If this happens the MACD and signal on the 1 hr chart will be the first to cross up through the 0 line which would cancel this idea.
My entry rules: Wait for 1 hr MACD to cross back down through signal on to maintain sell super trend on 2 hr which will push MACD and signal lines on 3 hr further passed the zero line which then will trigger the MACD and signal on 4 hour to breach the 0 line.
Strict rules give me big profit and help me avoid entering a losing trade. Hope everyone found this helpful let me know your thoughts
Presented is the daily chart. Clear patter shows that when a bullish bar closes closer to the open price just beneath 138.00 following a bear trend, the trend continues.
On the 4 hr chart a sell super trend triggered before the MACD and signal line crossed through the 0 line. When this a sell super trend triggers early on 4 hr chart like this the MACD and signal line will cross the 0 line as a rule. (I have not seen otherwise). Generally the sell super trend on a 4 hour chart will trigger at or just over the MACD 0 line. That being said I will be heavily rely on the MACD and signal line on 4hr chart to cross 0 line before entering a sell
On the 3 hr chart the MACD and signal are flowing nice down through the zero line. Both lines are also flowing through negative bins. Cross down through negative bins with no or minimal positive bin interference, is a good sign for downward continuation. Also much like the 4 hour super trend trigger, the sell super trend on 3 hour chart triggered before the MACD and signal crossed the 0 line. As you can see the early sell super trend trigger, pushed the MACD and signal through 0 line.
In order for all this to play out two important corrections need to happen on the 1 and 2 hr charts.
On the 1 hr chart the MACD and signal line must correct beneath the 0 line with a MACD cross down on signal. The MACD line on the 2hr chart will correct and bounce off signal to maintain trend as well as sell super trend line
If the MACD on 1 hr does not correct and resumes upward, the MACD signal cross up will trigger on the 2 hr chart which will then trigger an immediate buy super trend. If this happens the MACD and signal on the 1 hr chart will be the first to cross up through the 0 line which would cancel this idea.
My entry rules: Wait for 1 hr MACD to cross back down through signal on to maintain sell super trend on 2 hr which will push MACD and signal lines on 3 hr further passed the zero line which then will trigger the MACD and signal on 4 hour to breach the 0 line.
Strict rules give me big profit and help me avoid entering a losing trade. Hope everyone found this helpful let me know your thoughts
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.