Well we got the breakout in the past hour with 3 minutes left to go. Cool
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Update. Based on last three A B C breakouts $8,900 was lowest target. Now got to see whether we'll also get the 1;2 pattern i.e. will June exceed high of May. Not impossible. Keep eye on 7 Month MA, & c. $5,690 for pullback like A B C. NOT ADVICE. DYOR.
Thanks. I published theses other charts 21 Arp 19 to show the signals past performance Same signal but just the whipsaws in chart below
Also note that I'm using my custom MACD not the default. NOT ADVICE. DYOR@ThasosPerifimou,
TasPerry
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@Felix000, Of course sir,always will do my own research. I've never really come across whipsaw (I'm a relative newbie still) but loved seeing your April teachings being so true. I saw so many and many experts were not as good as that. Well done!
Felix000
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Many of us put NOT ADVICE and DYOR as standard. The signals I've shown will fade out at some point. Past performance is no guarantee of future results. Also, my signals don't tell you when to take a profit. If you google the word whipsaw and add the word "meaning" it should come up with a definition.@ThasosPerifimou,
meszaros
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This is a very good analysis. Not only is the end result of your strategy here, but the fractal theory I use also appears. I do not know that this is conscious or coincidental, but a fractal shape that is clearly visible in your eyes is formed. This is indicated by your strategy. It is very good.
Felix000
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Since peak of 2017 this signal has been working well in the sense that if the market doesn't break one way it will the other. The whipsaws have done best. I guess you could include the accidental double whipsaw as well now. I guess it could be interpreted as one way of identifying a fractal start, or, point zero. Then again I don't know if it can be adapted to work across all time frames and across all markets (I would require a team of scientists to do that for me). Thanks you for your comment@meszaros,