My Omnichannel indicator touched the trendline (see the right arrow) signifying significant price move is coming soon. The direction is normally a reversal of the latest short term trend. But this may be sometimes unclear and I use the the second indicator to confirm the direction (notice the downtrend line and the down arrow crossing the 0 line).
DIA is now 240.50
The main indicator is a tug-of-war, low values indicate that there is pressure from both sides (buyers and sellers) and little movement and any side could win. And it's pretty good at predicting that. However the direction (which side wins) is harder to determine and needs reliance on other indicators. I'll provide more info on how it works.
At this point it seems I was wrong about the direction and I'll set the position as closed. Price is now 242.14 so 1.64 loss.
Opening in opposite direction at 242.14.
Trade closed: target reached:
Close now at $246.57 with $4.43 profit. Minus $1.64 earlier loss a grand total of $2.79 profit.