Quote from jesie:
I get bullshit here. Why do I even bother.
Hey, I just gave you the basics of a great method. Relevant to trading one single instrument no, I've rarely heard of anyone making real gravy on a single instrument. (hint).
But you did put this in tech analysis, so, here's some more great stuff for free.
Technicals work best as a "cohesive" unit, a broad based look at a price structure-if you can get some historical data to build up an idea of price behaviour, as it may be reflected by xyz indicators you understand and like, then do so.
Check out ProRealtime (just goog it), has fantastic tech charting for free, muck around with it, have fun.
There you go, great advice for nothing.
Is it a short entry? It is if you say it is and choose to back it up, based on your experience, that's the point.