I have already closed a Long position opened on the break of the maximum of the candle of March 13th and lasting 3 candles Daily which I closed on March 16th near the highs of the day. Now the price has perfectly reached the Weekly dynamic resistance trendline and is correcting. Since the bullish conditions are still valid, I expect a retracement in the...
Observing the price dynamics of the last daily candlesticks, we see that from the high of February 2nd, the market has started a retracement movement, creating bearish swings that have brought the price back within the dynamic channel, reaching LuBot's TrendCloud. We now see a bullish signal with large volatility closing above all major moving averages after the...
Hi Traders, today I am sharing a trade setup that I entered into my portfolio using the LuBot indicator. Below I explain the reasons. 1. The indicator shows one last Long signal so I decide to follow bullish trades only. 2. The main trend of the last few months is up so I prefer to follow the operations in Trend 3. In the last few days we have seen a short-term...
As can be seen on the graph, a good entry setup has been formed on the Dow Jones index through the use of the LuBot indicator. We have several points in favor of a Long trade including: 1. The last signal shown is Long, in this case we will only follow the entry setups for purchases; 2. TrendCloud is positive and supportive 3. Price returns to TrendCloud and...