Actually to be clear it's not enough that the chart has an X --
it has to be on a buy signal which could be the case even if the
last entry was a O. To be on a buy the most recent column of Xs
must be higher than the previous column of Xs and if the current
column is of Os then it cannot be lower than the last column of Os
(because that would indicate a sell signal).
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Actually to be clear it's
Gold Futures
Posted by bkout3 on 21st of May 2010 at 02:41 pm
Actually to be clear it's not enough that the chart has an X -- it has to be on a buy signal which could be the case even if the last entry was a O. To be on a buy the most recent column of Xs must be higher than the previous column of Xs and if the current column is of Os then it cannot be lower than the last column of Os (because that would indicate a sell signal).