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Bias-up, the hard way. – If, Then… Market Timing

Bias-up, the hard way.

[pay]The 844’50 bias-up signal was recovered through 1:20. It was not still being tested, so there was no grace period. Yet 1-minute MACD & RSI diverged negatively while probing the bias-up signal by nearly 2 points before 1:30. So the bias-up signal was retested as support at 1:30. The test didn’t clearly fail, so it didn’t invalidate the clearly triggered bias-up.

848’50-849’50 is now the target area for probing higher highs. It need not be probed entirely, but preferably at least pierced before considering sell parameters. This preference might change if new highs haven’t been met with only 90 minutes remaining today.

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