Here is my day chart update. I was waiting for the consecutive down fractal
to complete to form my blue box. Now all I need is confirmation of a fractal
high and that is the blue box casing complete. Once the market confirms the next fractal
high I expect it to head back down again to make a fractal
low before convincingly crossing the white downward sloping trend line
. That's how I've seen it work several times before. I have drawn white trend lines
only from where my turquoise (light blue) zones appear (these zones are created whenever two consecutive same coloured vertical bars appear in the MACD
chart). Will be updating my other daily chart
for more developing insights.
NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. DO YOUR OWN RESEARCH.