Based on the last dip to $6,000 and study of the MACD I'm looking for the averages to head down below the yellow lines which I've drawn for comparison. In the meantime I'll also be watching for the red bars stop making lower lows, and for the close of first green candle stick to take out the open of the last red Y/N.
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Market reversed and took out my stop which was great no big loss. A late decision which should have been a buy nearer $8,200 is what made me choose the $8,150 stop. There will always be more opportunities.
Comment:
If anybody wants to check my latest postings or all my postings just click on the "F" symbol with purple background.
Last 4 hour candlestick crossover is good enough for me and confirms one of my signal to cancel al other ideas. with a stop at $8150.