HOLY GRAIL
The Hourly Chart of LT was in a non trending zone, with oscillators not giving any confirmations and mixed signals.
The Daily Chart was in a strong negative trend.
I was waiting for the ADX trend on the daily to turn around from top.
On 5th March 2013, there happened a positive ADX cross on Hourly chart with a zero cross up of MACD. The Elliot Wave Oscillator turned up. This was supported by major oscillators which gave convincing buy signals.
The trade was further confirmed on a Daily Chart with ADX negative strength loosing steam, with MACD positive divergence.
2 time frames showing convincing confirmations with majority signals giving buy calls made me confidently enter into LT call.
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