(This is my first chart and I am a novice trader - so I welcome lots of feedback.)
This is a simple line up of Stochastic RSI indicator with the recent behavior of the AUS200 index. It seems that the oversold margin is a very accurate indicator of lowest drop before a rise.
It is just striking to me, to see how well the indicator shows the trend.
This seems to suggest that when the market opens later today we will see a rise in price.
This is a simple line up of Stochastic RSI indicator with the recent behavior of the AUS200 index. It seems that the oversold margin is a very accurate indicator of lowest drop before a rise.
It is just striking to me, to see how well the indicator shows the trend.
This seems to suggest that when the market opens later today we will see a rise in price.