There is an H4 13 CCI tlb short signal on big red bar,which completed expected zigzag down to retrace at east 38.2%, but had to run farther downto the 50smma magnet. This 38.2%/50sma sandwich area is not a sure place to short, because the 13CCI triangle apex is still above 0, which favors Up. Even if price penetrates below the 50sma, most likely it would go back up to it, so there would likely be a safer place to short. Watching for that befor S, and watchiing for another CCI tlb of any down trendline for a Long.
Staying safe. You know what to do. Don't wait for me to post because I can't check mkt often this week & next
Staying safe. You know what to do. Don't wait for me to post because I can't check mkt often this week & next
Comment:
The H1 CCI signaled Short at 23:00 8.15.21 at 46,000 after having dropped below its 50sma and moved back up to touch it, then closed lower, and also had a CCI triangle apex well below zero and a CCI tlb of an up-trendline. This is fine for early entry Short, but be nimble and always watch for an opposing CCI tbl signalling a SAR trade, whether you stay with H1 or stay w H4