Not exact matches
The high count of distribution days is
bearish, but does not
trigger a «Sell»
signal in and of itself.
Five days later, the euro confirmed a
bearish reaction swing and
triggered a new sell
signal at 1.4280.
Howbeit, the pattern is
triggered in the form of a diamond top (
bearish signal) and diamond bottom (bullish
signal), and usually typifies a period of congestion before a new trend emerges in the market.
If the blue line of the FX Sniper's T3 CCI.ex4 custom mt4 indicator breaks above the 0.00
signal level when the sentiment in the market is
bearish as shown on Fig. 1.1, it is a
trigger to exit or take profit straight away.
ex4 custom indicator is aligned below the 0.00
signal level, it is an indication that price is being pushed lower i.e. a
trigger to go
bearish on the pair of interest.
Stochastic is turning lower to
signal a return in
bearish pressure — possibly
triggering another test of support at $ 4100.