MCD, a valid channel once established, is irresistable
When i posted this on 20th of Nov, i had a short at 97. I am pretty confidence that this downtrend is well established.
Besides i did another extra measure to see if the green DMI crossed below the black signal line, and it did!
Hence, collected profit at the bottom of channel.
After that i hold no position, meaning i missed out of the short opportunity, but it is alright
Note: At the top, the color of a bearish tweeter should be green inverted hammer followed by red inverted hammer, but this one is opposite.
Besides i did another extra measure to see if the green DMI crossed below the black signal line, and it did!
Hence, collected profit at the bottom of channel.
After that i hold no position, meaning i missed out of the short opportunity, but it is alright
Note: At the top, the color of a bearish tweeter should be green inverted hammer followed by red inverted hammer, but this one is opposite.
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Disclaimer
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.