Sadly for our British friends, the title of this chart is a well known gastronomical fact...
Now, all jokes aside, let's get down to business. In this chart we see the interesting indicator published by Chris Moody, highlighting days of the week with the colors of the rainbow (per Tim Westian suggestion), and also, inspired in his observations, I noticed that the turning points in this pair seem to match the ones in the e-mini s&p 500 futures (which happen to be on Thursdays most often than not).
There is a trendline breach in rgmov, as well as a sideways move accross the regression channel, and a CCI that cannot get oversold again.
Overall, a very bearish scenario, and I intend to capitalize on it.
My entry is in the chart.
Trade safe people, good night!
Ivan.
Now, all jokes aside, let's get down to business. In this chart we see the interesting indicator published by Chris Moody, highlighting days of the week with the colors of the rainbow (per Tim Westian suggestion), and also, inspired in his observations, I noticed that the turning points in this pair seem to match the ones in the e-mini s&p 500 futures (which happen to be on Thursdays most often than not).
There is a trendline breach in rgmov, as well as a sideways move accross the regression channel, and a CCI that cannot get oversold again.
Overall, a very bearish scenario, and I intend to capitalize on it.
My entry is in the chart.
Trade safe people, good night!
Ivan.