Rules for engagement:
- Price must be below the 200SMA
- MACD must cross above the 0 line (higher the better)
- Price must then cross over short term SMAs (5&8)
- Stops at previous high
- Take Profits at the target low
Here we saw price break down to create a new lower low and sweeping previous support. Price on the daily has broken below the 21 moving average...
