If the price close under the cloud. Short position is going to be confirmed. ---------- Conversion Line is both under the cloud and Base Line. Lagging Line is under the price. Candle must close under the cloud to confirm the trend. But in H4 the trend seem like different so I think it will take about 40 pips down for safety. The target will be 40, just enough for day-trader
The down trend was confirmed at H4 chart but the conv line cut the base on top of the cloud and price. So the trend is weaker than I though but the price is now under pivot point. We can earn 50 pips more before it pull back.
The down trend was confirmed at H4 chart but the conv line cut the base on top of the cloud and price. So the trend is weaker than I though but the price is now under pivot point. We can earn 50 pips more before it pull back.