The red line that you are talking about is trend resistance line. When the price closes above it together with closing above the red thin horizontal trigger line - that's the "buy" signal.
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The red line that you are talking about is trend resistance line. When the price closes above it together with closing above the red thin horizontal trigger line - that's the "buy" signal.
@srezz: you're talking about closing price but at which moment?
I post 4 hours and daily charts. So, 4H and daily closes based on GMT.