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myleogb

5,542 Posts.

793

16/06/22

23:31

Post #: 62045692
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Originally posted by W3hunter: ↑

@slick I did look at that the other just just briefly but no haven't thought of trading with it, though it makes perfect sense!... I`ve been trying to figure out how to use the XAO as a leading indicator on some stocks, the correlation in movement is very tight because algos are all over it...at the moment trying a 10 min XAO and 15 min stock of choice ..when the XAO makes a new 10 min high buy the next dip on the 15 min stock...it works ok because the XAO movements tends to follow through. @trta a few days ago I noticed this HnS on NMT ..nasty bloody things they lead in with 5 waves and then out with 5 ways that's why they tend to show a major top I suppose...can always tell a HnS by that bearish macd divergence on the right shoulder.

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thanks for sharing this. I usually concentrate on the 5 waves up less so with the 5 waves down.

is there any other areas of attention to spot this HnS / major tops?

cheers
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