Seems as good a time as any to jump in again, but maybe it'll drop more.
Price is near bottom 2 STD on our linear regression that started March last year (coefficient of over .95!)
Also worth noticing: there seems to be divergence with price bottoms compared to the MACD indicator.
Price is near bottom 2 STD on our linear regression that started March last year (coefficient of over .95!)
Also worth noticing: there seems to be divergence with price bottoms compared to the MACD indicator.
Note
My OTOCO trade was exited due to improper settings.I was able to re-enter at 126 which will cover any extra transaction costs. However I am trading on unsettled cash, meaning any exit before cash settles will result in a good faith violation.
I will not be using my SL or target until cash settles.
Here is my trade with updated entry:
Note
Expected a quicker return to the mean. Indecision is clear, will probably have partial exit at 128.5 due to price consolidating more than expected.Would have done so already but I am still waiting for cash to settle.
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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.