A key for the above chart to define the horizontal lines and dots. For further explanation, see this link:
First entry long in anticipation of 3d criteria setup. The following trade (short) was the premise that the 3d "failed" and price would/could roll over. Then entered long after failure to breakdown from IB_low thinking, "from failed moves come fast moves." Then I just gave up throughout the remaining chop, the final short was entered at the bar previous to the one with the down-arrow.
It's looking a little tricky on the higher time frame.
The daily 3/10macd looks to be rolling over. The 130-min has the potential for the 2c-2d criteria setup to play out
if that's the case I usually like to see a 3d criteria on a faster time frame, which the 30-min chart has the potential for setting up (the chart on the left below). So, into Monday we're looking for strength above $142.50-ish for this pattern to play out
What seems pretty bearish to me at this point is the weekly chart below.
Price was rejected under $143. To anticipate the weekly 3/10macd to roll over and have it's bear flag play out (where the fast line would turn red, back to criteria 2c or 4c) we're looking for the daily 3/10macd fast line to turn red
back with more weekly charts later.
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