it works everytime Short

SP:SPX1D

S&P 500SP

Description

⋅ Oct 23, 2022 10:36 AM

possible short on based on the stoch rsi wedge, has been reliable for a ~15% price decrease the past handful of times.

Technical Indicators

Comments

CapeAfrican

⋅ Oct 23, 2022 1:22 PM

Good observation

Kevstakt

⋅ Oct 24, 2022 12:04 PM

Nah you lose!Youre late to the party

illuminating_trade

⋅ Oct 24, 2022 9:42 AM

Woerle

⋅ Oct 23, 2022 6:06 PM

...... consider, that at the time the wedge apeared as your signal, the MACD was at its peak. This time it is at its bottom. Wouldn't bet for a decline right now..........

LUC_Capital

⋅ Oct 23, 2022 6:59 PM

@Woerle, MACD bearish cross appears around -30. We are at -60, so a rejection at 3800 resistance seems likely IMO.