Some decent points to be had today, along with a few boring bits, with a nice surprise at the end
The early bull flag at 15:00 signalled a good entry on the break but soon became quite volatile, requiring a sharp eye to get out and short before taking on the "safe" long ( 3 options around 8020). The triangle set the target for the rise to 8090 which was duly delivered and also set up the firs part of the Negative Divergent top. As it turned out , there were multiple exits possible here, all within a few points..... ending with the fourth peak.
The safe enrty short was soon confirmed after that and a rapid drop to 8025 followed. The only cluse for a possible early exit here was the RS switch in CCI and RSI.
Chartman, I was referring to Tuesday's chart and I meant US times.
Looking at your 1 min chart it looks more like down-sloping expanding triangle than a bull-flag ( I was using a 5min LYCOS chart). Interesting how things appear different at the time - I think it is very easy to see what you want to see with TA patterns.
Anyway I think the play was still good. The pattern I was looking at was from the high of 8100 down to 8025. It eventually broke above the upper trend line came back to touch it then shot up to 8080 before the market closed. I think this break & re-test was a reasonably entry point. Interestingly it coincides with a break & retest of the 100 ma at the same point although it was still within MA + 20, so may not have been a good entry using your criteria.
Doh. That's what happens when the feed screws up and I have to reset everything Here's the chart again with 100 EMA correctly shown....
If nothing else, it goes to show that chosing a value for an indicator is largely unimportant..... which is something I've always thought.