20DMF

[Pascal]

The confidence level for the "Cash" reversal is 79% as of now.
We'll probably cover today.


Pascal

[Pascal]

The short signal has been covered for a "wash" trade.

The model will now turn to a short position if the MF crossed below the porosity level while the cumulative tick is below its average.

In the current state, the 20DMF will not/cannot enter a long position.

When the 20DMF is in a neutral situation, traders are free to either be long, short or both.


Pascal

[Pascal]

This might look impressive, but compared to the selling of Monday, we can see that there is no panic.
I would advise to wait for the confirmation before going "heavily" short.

We might still have an afternoon ramp-up.
I believe that it is best to short a failed bounce.


Pascal

[Pascal]

As you can see, the 20DMF has confirmed the short signal.
An automatic email has been sent.
If you did not receive it, please contact me.



Pascal