Exiting position. Price is almost at invalidation and we have used up a good amount of the daily cycle. DSS bressert has crossed bearish. Will enter at the next DCL if it holds a bullish structure.
I find myself very hesitant to short this market, even tho confirmation signals are all met. Close above descending trendline β , close above 10 day sma β , DSS bressert crossed bullish (bearish) β , swing low pattern β Let the cycles cook ig
With $XLE potentially closing above the 10 day sma as well as the descending trendline, this could signal the DCL is in. $HAL being closely correlated to XLE could play as a higher beta asset. It looks very attractive for R/R ratio with price being this close to its WCL.
@ConvexEdgeX Okay, very cool I agree. Thank you! Have you personally backtested it yet or is this your backtest in real time? I have yet to fully backtest the strategy but am looking to complete it soon