Here's why. Interesting signals on 2 hour chart. Would normally have me thinking to buy, however, although the lowest trough in the bars of MACD remained the lowest trough before crossover the correspoding candlestick above which made a low of $9,047 was later beaten by a candlestick bar with a lower low of $9,045 before the MACD crossover. Therefore I'm not buying into this signal and still thinking of another short leg down coming up. Bollinger bars $9,442 and $8,838 could now need a break by a candle stick for any move up or down.
Comment:
Correction to Bollinger bar readings above it should have been written as $9,438 and $8,835 respectively.
Comment:
When talking about lower low I'm just talking about opening price and closing price not the highs and lows
Comment:
Last time Bollinger Bands were this narrow breaks were significant. Check out: 1 Feb Down; 13 Feb Up; 26 Feb Up; 6 Mar Down.
Comment:
Bollinger tip working out well. The blue and black arrow pattern Stoch RSI also good but had to wait for the net top. After that like last time the market is finally heading south.
Comment:
My Bollinger Bands are not the default but my own setting (20, close, 3)
Comment:
If anybody wants to check my latest postings or all my postings just click on the "F" symbol with purple background.