okay guys. this an update from october the 22nd (). now we have finish the impulse for the first and we can look for an update. in this chart we have a bar construction like a trendchange. it's important to know how it works. let us look the chart. we have two lines. one is red and one is blue. is the redline the first triggerpoint, so we look at the price at...
I read this article > www.stockgumshoe.com and then, this is an idea, I'd like your point of view.
From the low in march we have been forming higher highs and higher lows (an upward trend). I am now looking for price to range a short while whilst it tries to determine if its going to break higher or have a pull back. The yellow triangle shown in point 1 is the area I am looking at. If we get a break below the yellow triangle I will think about a possible short...
The recent break to the upside of a descending triangle channel looks promising, however to confirm a movement to the upside a break of the RSI descending trendline is needed. In fact, a short term bullish divergence can be seen forming in the RSI (green arrow), which if carried through could indicate the onset of a reversal. The price has found a strong long term...