oscillator with parameter 8,3,3
8 & 20
When to buy if you missed the boat of crossover on 16-Jun
1) Any Level? Answer: 23.6%, 38.2% (=S1)
2) Wait for reversal signal (black up arrow), did it close above 8 EMA? Answer: Yes
3) (8,3,3) shows price convergence
4) LONG during phase 1
When to sell ? (Reverse Thinking)
Retracement level from 5-Jun 15:00 to 20-Jun 13:00 was 23.6%, then I project another (grey colour) to let its 38.2% overlap to old one. Therefore I will expect the highest price will reach somewhere near $0.938.
By confirming this is the highest price, I draw two parallel orange . $0.938 is trapped.
Stop-loss to be considered near S1 ($0.78), about 6%