My 3 hr indicator worked perfectly today. MFI was oversold so I flipped all of my puts on open, then I bought calls in the afternoon. I waited a bit longer than I needed to, I wanted to confirm that MFI was moving back up which indicates that the algos are going to pump futures.
This selloff has a strange downward megaphone pattern, if we break through the purple line Monday then the selloff is over. I still expect a midweek dip when MFI gets overbought.
This selloff has a strange downward megaphone pattern, if we break through the purple line Monday then the selloff is over. I still expect a midweek dip when MFI gets overbought.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.