DMI (which is a lagging indicator) is super bearish
, but Stoch
(especially if we hit a new high). Always remember when you see a strong trend has been formed, there is a high chance of reversal, and reversals always come into play, so wait for one. TD seq
didn't hit candle #9 for a while during last downtrend (which is usually a sign of a trend weakening), and we broke the BB20 line (which usually follows a bull run, even if its minor and not major, check the last two tops
). We can see a slight pull back after hitting MA50 and have some trouble breaking it, but overall we can be slightly bullish
, even on long term.
For additional information check the previous ideas (Part1-Part6).
Remember that "The stock market is a device for transferring money from the impatient to the patient."