![]() There is a good example in the chart above. Although such a sell signal cannot be as strong, it can be a confirmation for bearish signals of other indicators. I should note that when a buy signal is not confirmed, that is, the five conditions above are not met, there is still a signal, but it is a sell signal. Therefore, one could have safely entered a buy trade at the current level when the new bar of June 14 opened (I marked it with a red cross in the chart).Īs we already know, this signal reached the target and provided the opportunity to gain on the BTCUSD movement up to the high at 14 000 USD. Furthermore, when the indicator exited the overbought zone, the price had been already trading above all the previous bars’ close levels.
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