Correction coming for the next 14 days
On the past16 months, this volume indicator was very accurate in order to detect a correction.
Each time it crossed down the dashed line (+ parabolic SAR up and/or squeeze momentum confiming the movement), a correction was met. This method was very accurate (had a great sensitivity and specificity).
The only exception was 1 to 2 months ago (by the way the squeeze momentum was not so much confiming the movement at this time).
If everything goes like the past 16 months, the trend should bounce on the support round the 27 of september.
According to the previous months, I would assume a stop-loss corresponding to -1.45%, and a target of +5.95%, giving a quite good Risk/Reward ration of 4.11 (using the price of QQQ at the end of this day).
Enjoy!
Each time it crossed down the dashed line (+ parabolic SAR up and/or squeeze momentum confiming the movement), a correction was met. This method was very accurate (had a great sensitivity and specificity).
The only exception was 1 to 2 months ago (by the way the squeeze momentum was not so much confiming the movement at this time).
If everything goes like the past 16 months, the trend should bounce on the support round the 27 of september.
According to the previous months, I would assume a stop-loss corresponding to -1.45%, and a target of +5.95%, giving a quite good Risk/Reward ration of 4.11 (using the price of QQQ at the end of this day).
Enjoy!
