I think it is more like market don't care about what MACD, Stochastic, Bollinger, Fibonacci, Ichimoku .... say.
It moves where and when it wants to move. And no indicators can stop it.
That's why all indicators must be eliminated.
I truly believe it is true.
But if you look at it over longer time frame, it could change from
30 seconds. +ve 90% profit
to
30 days. -ve 900% profit
always measure how good the system is over long period of time.
Options trader bets on a 20% plunge for industrial giant GE
PUBLISHED THU, MAY 14 202012:53 PM EDT
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It was once a solid blue chip.
now it is penny stock.
CL M20 contract expires tomorrow.
price is around $30, and is getting further and further and further and further away from zero.
chances of it going below zero is virtually zero.
I haven't trade LE for years as its day range was rather bad.
it widened significantly in Mar / Apr 20 to around 7 points.
lately its day range is around 3 points.