ESNT Short on Ascending Channel false breakout
Updated
Pros:
-RSI overbought
- MACD and Force Index divergence
Cons:
- Counter trend trade
Overall Trade Grade: 75% (9/12)
Trend: 0/3
MACD: 3/3
Force Index: 3/3
RSI: 3/3
-RSI overbought
- MACD and Force Index divergence
Cons:
- Counter trend trade
Overall Trade Grade: 75% (9/12)
Trend: 0/3
MACD: 3/3
Force Index: 3/3
RSI: 3/3
Note
Trade entered but prices rallied instead*Observations*
Bad Signs:
- MACD and Force ticking up in sycn with today's price. Could be a sign for bullishness
Good Signs:
- Overall Force Index is still lower per peak. (Observe 20 Sep, 22 Oct and 08 Nov)
- Recent prices are higher than the previous peak but MACD histogram is really low. (Observe 12 Nov and 23 Oct)
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