Correct. Intraday charts hypnotize you, and that's why you need a moving average at all times, to not see something that isn't in the chart. Let the moving average crossover decide whether we're going one way or the other.
of course it's hypnotizing, all those colours on Lev II, Candle... it's brain candies! just don't click on basket buy/sell when you're high Cheers!
The other day I was looking at a Head and Shoulders and suddenly it changed and became a channeling staircase with little flags all over the place...the next thing you know it looked like a falling knife... then it started to look like a dead cat.....I 'll tell ya I am seeing things....pretty soon it will all look like a can of worms.