I NEVER HEAR OR SEE ANYONE SAY THAT THOUGH. ANYWHO YOU HAVE DAILY MACD SHOWING SIGNS OF REVERSAL
WAIT FOR 30 MIN AND 4HR TIME FRAMES TO LINE UP...THIS IS A GOOD RULE OF THUMB FOR ANY FINANCIAL MARKET
4HR.
4HR TIMEFRAME RSI SHOWING IMPULSE ELLIOT WAVE REMEMBER ALWAYS COUNT YOUR WAVES OR WHATEVER TECHNICAL ANALYSIS YOU DO ON YOUR INDICATORS AS WELL
GO LONG AFTER YOU CAN LOGICALLYT CONFIRM WITHIN YOURSELF THAT YOU ARE SURE THAT PRICE IS IN AN UPTREND HOW DO YOU KNOW WHEN PRICE IS IN AN UPTREND? WHEN IT BREAKS THE LATEST HIGH OF YOUR TIMEFRAME
FOR EXAMPLE. AFTER PRICE BROKE YELLOW AREA YOU CAN SEE IT WENT UP ANOTHER 7% WHICH IS ALOT ESPECIALLY IF YOURE IN A LEVERAGED POSITION