Price has a strong ADX
and stepped under the lower Bollinger Band
on December 11th indicating oversold. Now a candlestick
has has closed above the 20 period Moving Average it is time to trade.
Take Profit is determined by the pivot point
as is the Stop Loss.
Should a candlestick
close below the 20 period Moving Average close early, also close early if the Parabolic SAR
shows signs of a sell.