Back Testing CPI

Back Testing CPILesson 8 of 115 min read

Charts that disagree

The third market, declined before any setup existed, and why a market is dropped for the day rather than the day being dropped.

The third market is the euro against the dollar, symbol EURUSD, and it never reached the stage of having a setup.

The four readings

Price was at 1.0840 before the session.

The weekly was a seller. The daily had closed back upward and was flipping toward buyer. The 4 hour was a buyer. The 1 hour was a seller.

Four charts, and no two adjacent ones agreed.

What that combination is

This is not a chart doing something unusual. It is what a market looks like partway through changing direction.

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