In this graph, I used stochastic oscillator with parameter 8,3,3
The crossover worked well. Price actions showed it performed in trends by two times in 18 - May & 30 - May respectively.
When to buy ? Mind Read: 1) There is a hidden bullish divergence follow points 1 & 2 (black) and 2 & 3 (black). 2) Strong low test bar at point 3 (black) 3) Double inside bars at point 3 (purple), will there be a big movement? Assume point 3 (purple) to be the Fibonacci Retracement level 50%. A pending order will be triggered for this triangle breakout setup after double inside bars
When to sell ? My target profit will be somewhere near 2955 to test the highest historical price. For a longer run, target is 3225. Risk: As this setup is a pending order, the stop loss will be near 2375 where Fibonacci Retracement 76.4% (slightly under the lowest price of double inside bars. Risk : Reward = 0.9