DMI Stochastic Extreme Signal
The DMI (Directional Movement Index) did a fantastic job, capturing the entire move down.
If you were hesitant to jump on board initially, the Stochastic Extreme gave 5 opportunities to get back into the trade. When the Oscillator is in a downtrend (red) and the stochastic comes up to the top (100 level) & prints a red arrow, you cannot get a better invitation. It is telling you that there is prior resistance there and supply is going to overwhelm the buyers.
The only time you disregard that signal is when the DMI Oscillator and Stochastic Extreme are of conflicting signals. If the Oscillator is green you cannot be that aggressive, and vice versa.
This is an 8 Tick Rangebar chart.