You know what is! Another Bullish Move
Reasoning
My Would Be Trade Plan
Main Sources of My Knowledge
My Indicators
14 Period RSI.
Composite by Constance Brown
Reasoning
- Whole Industry is moving!
- Flat or XYZ Consolidation seems done
- Correction is not overextended
- Double bottom with second low undercutting the first
- Several weeks of consolidation, seems like a huge move coming
- Divergence on Composite Weekly Chart!!
My Would Be Trade Plan
- Look for a good entry as it is overextended right now and get in a good ride!!. I am a newcomer to commodity moves but they are so strong when they move
- Look for a leveraged ETF as this one moves slowly. That means that you need alot of shared for a good move. (I could not find any leveraged ETF!).
Main Sources of My Knowledge
- Mark Minervini
- Constance Brown
- William O'neil
- Speakers on Trader Lion Youtube
- Adam Khoo
My Indicators
14 Period RSI.
- 9SMA and 45EMA Moving Averages added
Composite by Constance Brown
- This is for catching failures in the RSI.
- The RSI is a bounded indicator so sometimes fails to catch divergences. This indicator helps show that
- Composite Settings
- Author : Constance Brown (Connie Brown)
- RSI Length : 14
- RSI Momentum Length : 9
- SMA Length : 3
- Fast Simple Moving Average : 13
- Slow Exponential Moving Average : 33