I'll be updating this post with more indicators as to why I'm bullish on Harmonics from a technical standpoint (MACD, EMA, Fib Retracement, Volume, etc...)
But on this first chart we see we not only have a very strong MACD but we also have huge upside on the Fib Retracement. When I look to pick my new plays I typically look for EMA 50 crossing above the EMA 9 and with an RSI below 60 (not overbought)
I'll keep updating the various indicators and include the sell strategy I hope to implement in my free time this weekend.
Have fun trading and look both ways before crossing the street
*Delgado*
But on this first chart we see we not only have a very strong MACD but we also have huge upside on the Fib Retracement. When I look to pick my new plays I typically look for EMA 50 crossing above the EMA 9 and with an RSI below 60 (not overbought)
I'll keep updating the various indicators and include the sell strategy I hope to implement in my free time this weekend.
Have fun trading and look both ways before crossing the street
*Delgado*
Comment:
Solid RSI - RSI is rising as price continues to reflect higher lows. A retracement to the .5 and .618 bring back roughly 35% and 55%.
