DUST 60…
Mserr…
Using DUST as proxy for the bull case; the only thing that pops out is a 1,2,3 exhaustion push up pattern which would conclude and coincide with the solid trend line hit and gap fill.
Too much confidence in long term support lines; I did not follow my own advice and wait for the TRIX! Stay disciplined! On this 6 month chart the TRIX does lag and the 13/34 EMA is the better indicator. Never try to front run the SM because the only thing 100% correct is the market itself, so by simply following it, the odds are stacked in your favor to win in the long run. When you see a TRIX cross, wait for the price action to breach the moving averages to the downside and soon the 13/34 EMA should bear cross in a true change of momentum–simple momentum charting mechanics.
So there you have it, do not be “cute”…
Thank you. And the advice appreciated. The process you have repeated is not lost on me. Again thank you. Sorry for delayed response drone back from jersey shore