This strategy is said to be very reliable, specially on higher timesframes (D1 and more).
Weekly chart analisis:
Here is the textbook theory:
1) Prices is on clear downtrend
2) Prices breaks an important area of S/R and retraces inmediately (within 3 candles)
3) There is divergence on histogram and moving averages on MACD
4) Risk/Reward ratio: at least 1 to...
Testing double top
End of the V dow trend with ab correction
Starting an uptrend with SMIO & TRIX indicators, Strong volume today, the title has change of hand.
Next : Starting a short C-correction then the title should bounce or fall around $30.16
