Just a follow up from the attached post and unfortunately MACD did cross to the negative and quite harshly. Now in my mind todays candle is too far outside of the lower bollie so I'd expect a nice reversal from that however my only reservation in backing that in is that there is only a very small wick meaning that it closed very close to the days low. Normally that indicates that it has further to go.
Need to see how overseas markets go tonight and if positive then there might be an opportunity here in the morning.
Short / hedge position has come down a bit.
Cheers
Just a follow up from the attached post and unfortunately MACD...
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