QTT chose plan B.
The expectation for plan B was a drop that would be "protected" by activity of the 3,1,2, sto and the 3 dRSI as long as the 7,3,10 remains definitively elevated:
The 3dRSI is now oversold and the 3,1,2 has a hinge as would be expected since it was already oversold yesterday.
Degradation on the 13,8,8,knee is very minor and the MACD still says "no sell" within the confines of "plan B".
Knees also have significance on the MACD so, considering where it's also being placed.
...coupled with the 13, 8, 8 apparently being a little early in its knee formation...there is the possibility of adding if/when there's a break to the upside.
But the uptrend line under the closing 7,3,10 is what I have as a stop. |
