Study Guide for Come Into My Trading Room - Forex Factory

ANSWERS 171
stab above the upper channel line shows that the market is overvalued
but cannot hold that level. MACD-Histogram ticks down the next day,
confirming that bulls are running out of breath.
A quick stab into the area between the two EMAs around Thanksgiving,
in area C, creates a buying opportunity since the weekly chart
still is in an uptrend. In area D, SUNW rises to a double top, while
MACD-Histogram traces a bearish divergence and gives a strong sell
signal. Prices fail to reach their upper channel line, while MACD-
Histogram diverges and even MACD-lines start to diverge. There is no
point in sticking around any longer; it is high time to take your winnings
off the table and switch your attention to another stock.
DAILY CHART A-2C
Exit Ratings
Sell longs in area A: 3 points
Sell longs in area B: 5 points
Reposition long in area C: 3 points
Sell longs in area D: 3 points
PASS POINT 8