Here's another example of a short entry at the top of the channel. The divergence on the MACD was slight, and there was no divegence on the Chaikin. Also, the DOW is hinting at another move up. I would like to see price return to the top again around 2:00. If this happens, I will take the signal
It appears that the image quality scaling setting has been set to less then 100% (causing the distortion in the screenshot.) I would suggest bumping that back up to 100% to clear up the problem. Here's the scaling setting to which I refer...
This one would have worked. Exit should have been at the bottom of the channel, also was the 50% retrace level of the morning run down. Take care. Good trading.
VT, By the way, where do the settings for the MACD and Stoch come from ? I find the MACD setting very good and smooth for signaling trend reversals and the Stoch one good for double tops/bottoms. They can be used together for the double tops/bottoms.