remember the 2065 or 2075 as next bullish spike target

this is part of risk management
and self-reminder
1. as long above 1933 I will see 2300$ as long-term target
2. I do not know how low the bearish trend will continue but 1h shows a very good resistance around 2065 and 2075

I will show the reason later

REMEMBER THIS IS MY OWN THEORY,
but I backtest it, with a screenshot

Комментарий:

macd can be used as divergence
1. to become bullish continuation (to 2120) there should not forming any bearish divergence, or it will making lower low later (usually not because MACD above midline)
2. therefore any midline previous MACD lower high must be taken to invalidate bearish divergence

Комментарий:

backtest 1

Комментарий:

backtest 2

Комментарий:

backtest 3

Комментарий:

backtest 4 (see the pattern?)

Комментарий:

backtest 5 (there always mini bullish divergence )

Комментарий:

invalid 1

Комментарий:

almost invalid 2

Комментарий:

almost invalid 3

Комментарий:

invalid 4 (not reach the target but near it)

Комментарий:

anomaly 1

Комментарий:

bonus 1947

Комментарий:

Hit 2062
Should hit 2065 later

Комментарий:

this is good theory, and I still use it, and improve it as target locater (to see target by using MACD)
but it wont work in current situation where it keep making higher high (I think)

but this will be my homework for now, I will try to see is this can be used as a signal that a higher high will come