Taking off from the previous post; the long entry never materialized and price broke down further. A lesson in not being married to a bias. The long setup was taking place, the trigger never materialized and price rolled over and traded in the other direction, which could have been just as profitable.
The fast line was trying to hold the slow line (read: momentum as price tested marginally lower, 3d criteria setup). The price pattern showing a descending channel. The further, steeper down tick in the 3/10macd fast line (daily chart) coincided with the breakdown bar through the descending channel.
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