Short Term trading Week Starting: 19 Dec, page-106

  1. 3,187 Posts.
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    Like your work. always read your posts. Would like to add to this if I may.
    Cr 8 was a relatively easy one on the daily chart. I don't have the 60 minutes. I guess it would be roughly the same probably a little easier.
    Firstly the volume was lower on the second top, so running out of steam. It was obviously a double top.
    The macd showed its first lower bar on the histogram at the first top.
    The stochastic made a divergence, beginning with the day before the first top. It was the first top when this began to show, with the second well and truly confirming the move.
    The DMI made exactly the same move.
    Ditto the RSI and the williams. Money flow indicator went negative at the first top, with the obv and acc/dist likewise.
    Elliot wave showed a potential 3-4 retrace from the first top.
    The PSAR showed to get out on the 15th. (first day after the second top).
    The turning point indicator also showed the monthly weekly and daily top at the first top.(on the 12th)
    From the 15th, this was only going one way.
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