Double Bottom, stochastics Up, MACD up --> $340 profits
5 min Emini Nasdaq 100
Hi,
The trade today is not so obvious, but if you look carefully, you will know that this is a chance.
Firstly, price formed a double bottom this is coupled with stochastics which cut up the signal line... We can see the short-term MACD also cut up the signal line.
Although price is below the moving averages, this gave me enough signal to go long at 1443 and I only exited at 1460 when short-term MACD cut back down..
profits of $340.