Yeah I'm not sure, the price action is the pattern we are looking for, just coincidental the ema's somewhat line up with it. In theory we are looking for a consistent pattern that isn't too volatile, that's where the GC is a driving force, but in some instances the down trend is consistently storng that the 200ema is just too far behind. We need a way to avoid catching that falling knife that just keeps going through the 61.8 fib and lower, maybe the weekly momentum is enough to rule these ones out, maybe it needs to still be positive when the back test occurs?
NVA is also a long way off the 12 month high, so that's another negative, but I think we decided that we weren't looking for a specific number for the 1st high, just that it was the last significant high.
