reason why 1H TF too many fake signal

1. the overbough on 1h not the top price (FAKE SIGNAL)
2. there unique pattern that 1H pattern overbough will make double top and double bottom (NO PROPER RETRACE DOWN)
3. when RSI and MACD under 50 it will start the reversal (FAKE SIGNAL)
4. before top price touched it will make double top in RSI (the small box, FAKE SIGNAL BEARISH TREND START)


the strategy can be used:
1. wait for double top 2088
2. wait for double bottom
3. wait RSI and MACD under 50
4. number 3 mean wait for MA55 in 1H broken
5. for top price wait for mini double top

with this strategy we know there is sl hunt seller by spiking 10$ up (minimum)

Comment:

this is my backtest and my strategy and I never used it before
u can see it as my experiment, not as valid TA (technical analysis)

Comment:

hey I dont understand this chart, why 1H TF???
look at 4H TF, it's too simple, you cannot analyze the retrace down in 4h TF

I sellect all 4h RSI overbought (green colored RSI)

Comment:

this is new anomaly since 6 months ago, always sl hunt before reversal

Comment:

Double top and double bottom done

Comment:

Im making mistake with breaking MA 55 it happen after bullish spike based on 3rd and 4th chart

The one breaking MA55 based on 2nd chart

Comment:

After 2115-2120 spike theoritically will drop under MA55 in 1h TF