Considering a short on the six hourly chart for Linde. Even though MIDAS line had not been crossed, the market cannot continue in this current fashion. The picture is overbought, flipped on stochastics and volatility with both US and vWAP crossed by price action, which is also suggestive in itself. Different strategies are required in taking advantage of ongoing trends, reversals and breakouts. One strategy or just one algorithm to take advantage of just one aspect of market action is never enough to draw consistent profits.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.