Could divergence price and Stoch RSI be clue to next leg down ?
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When talking about lower low in last comment I'm just talking about opening price and closing price not the highs and lows
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Last time Bollinger Bands were this narrow breaks were significant. Check out: 1 Feb Down; 13 Feb Up; 26 Feb Up; 6 Mar Down.
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On the 2 hour chart. Bollinger tip working out well. The blue and black arrow pattern Stoch RSI also good but had to wait for the net top. After that like last time the market is finally heading south. When talking about the Bollinger Bands I meant the 2 hour chart, and of course my Bollinger Bands are not the default but my own setting (20, close, 3)
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Signal on 2 hour but sticking to short - Here's why. Interesting signals on 2 hour chart. Would normally have me thinking to buy, however, although the lowest trough in the bars of MACD remained the lowest trough before crossover the corresponding candlestick above which made a low of $9,047 was later beaten by a candlestick bar with a lower low of $9,045 before the MACD crossover. Therefore I'm not buying into this signal and still thinking of another short leg down coming up. Bollinger bars $9,442 and $8,838 could now need a break by a candle stick for any move up or down.