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gumbtg
Jul 13, 2017 2:00 AM

$BAC Hourly needs to hold Long

Bank of America CorporationNYSE

Description

Keep an eye on RSI & MACD lines
Comments
TrilogyAnalysis
I am learning a lot studying your charts and the the reaction to price relative to the RSI and MACD indicators. I actually rarely used the RSI until looking at your analysis and seeing how often you use it. How long have you been studying/using the RSI indicator with your analysis?
gumbtg
@TrilogyAnalysis, about a year and a half now. There are 4 ways to use RSI. and 3 Ways to use MACD. We should discuss them in depth sometime if you would like
TrilogyAnalysis
@gumbtg, yes I think that is a wise idea.
gumbtg
@TrilogyAnalysis, notice how it did bounce on the RSI and MACD bottom lines the next day. And then fell through
TrilogyAnalysis
@gumbtg, Yes I did notice that with the price action, however the "Play" feature does not extend the indicators for future data.
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