Note
D1: October 11th Evening Star resistance has not been tested for Change of Polarity. The resistance line exactly matches up with the slow Moving Average of the Pullback to Sweetspot strategy. For the bullish case, buy on candlestick reversal signals between the Moving Averages (Daily SMMA 6 / EMA 30). Observe that we were in a period of 71D of PB&J short strategy and have only now broken out above the Moving Averages. The bearish case still exists without a successful COP.Note
D1 just touched Phi EMA 144.Note
We're at the bottom of the grey down-sloping Fib Channel, resting on Phi 144. A bullish candlestick here is likely a high probability trade.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.