no changes in the 120 min DVTS. Otherwise on the 60 min a
7th one was generated by essentially the same price as the 120 min
at 2765, vs 2762 i.e. that's the same.
However the second image shows the 30 min DVTS on the right,
it's at 2833 if you wanted a really tight one on the long
as far as the 120 min, again that went long on the breakaway gap
up on March 24th which I discussed during that day and discussed on
Wed 25th.
generally for these type trending systems I want to see the 60
Stochastic confirm over 50% and the MACD confirm over zero.
On the 2hr chart the MACD confirmed on Mar 26th. However for
early entries I will count a well defined breakaway gap - which is
when you can draw a well defined downtrend resistance line where
price gaps strongly above it and holds - those are valid early
signals vs waiting for MACD and Stochastic confirmations
so for example here's my newsletter from Monday Mar 24th in the
newsletter I has a bullish stance with the wedge patterns. However
listen to chart number 13th the 30 min chart with the well defined
falling wedge pattern, I specifically state in my commentary that a
gap out of the wedge would be a breakaway gap and I said one could
go long
no changes in the 120
New DVTS on 120 min
Posted by matt on 18th of Apr 2020 at 01:44 pm
no changes in the 120 min DVTS. Otherwise on the 60 min a 7th one was generated by essentially the same price as the 120 min at 2765, vs 2762 i.e. that's the same.
However the second image shows the 30 min DVTS on the right, it's at 2833 if you wanted a really tight one on the long
as far as the 120 min, again that went long on the breakaway gap up on March 24th which I discussed during that day and discussed on Wed 25th.
generally for these type trending systems I want to see the 60 Stochastic confirm over 50% and the MACD confirm over zero. On the 2hr chart the MACD confirmed on Mar 26th. However for early entries I will count a well defined breakaway gap - which is when you can draw a well defined downtrend resistance line where price gaps strongly above it and holds - those are valid early signals vs waiting for MACD and Stochastic confirmations
so for example here's my
Posted by matt on 18th of Apr 2020 at 02:27 pm
so for example here's my newsletter from Monday Mar 24th in the newsletter I has a bullish stance with the wedge patterns. However listen to chart number 13th the 30 min chart with the well defined falling wedge pattern, I specifically state in my commentary that a gap out of the wedge would be a breakaway gap and I said one could go long
https://breakpointtrades.com/market_analysis/new_player/?nl_id=4556