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BIT Charting, page-58

  1. 14,276 Posts.
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    I like your thinking but after a major rerate like the past 7 sessions has seen double bottoms might be a ways away plus time frames below a daily don't really give much strength for those patterns IMO.
    If you're keen on the hourly (one of my favourites) check this out. Notice the candles falling under the 8ema at the same time MACD crosses negatively. (circled). Something to test out.
    But from the hourly, I'd only be paying attention if there was some candle closing above that bollie median line.

    Cheers.

    https://hotcopper.com.au/data/attachments/5631/5631954-b5276b15a99b0c289c25a335e6026781.jpg

 
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