Quote:
Originally Posted by daxm
Interesting. I wasn't looking to hold this too long. I would expect to be stopped out today. Maybe my stops are too wide then?
Also, I know you are looking at the 1hr chart but I'm trying to "follow the rules" as I am learning and I used the 4hr and 15min charts to draw my conclusions. I just refreshed my 15min chart as a 1hr chart and I still see the 5EMA downcrossing the 10EMA, the RSI dropping below 50, the Stoch dropping but not oversold (in fact just below overbought), and the MACD is basically flat.
What am I missing here. I think I'm not reading the charts correctly then if you see long and I see all the indications of short. Argh!
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Sorry daxm didnt mean to mislead you, I meant the 4H MAs are crossed long as confirmed by Cowaboi, see my chart