My First Post, aka I'm still learning a lot.
Stoch Indicator: currently floating at oversold position ( but also big reversal trending down rn)
Bolinger Bands: (I set mine up to have a set of 2, bollinger bands for one and 2 steps of standard deviation), and its just crossing the 2nd standard deviation oversold band.
Channel Resistance: been operating in a expanding cone for 3 months and is just hitting/crossing lower resistance.
Bullheaded me thinks this is grand slam of indicators for a stock reversal, and am currently in a long position.
Bear me thinks if the downward trend holds again today, things will be breaking in a crash downwards, and that I should just cut my losses.
Any feedback on this analysis?
Stoch Indicator: currently floating at oversold position ( but also big reversal trending down rn)
Bolinger Bands: (I set mine up to have a set of 2, bollinger bands for one and 2 steps of standard deviation), and its just crossing the 2nd standard deviation oversold band.
Channel Resistance: been operating in a expanding cone for 3 months and is just hitting/crossing lower resistance.
Bullheaded me thinks this is grand slam of indicators for a stock reversal, and am currently in a long position.
Bear me thinks if the downward trend holds again today, things will be breaking in a crash downwards, and that I should just cut my losses.
Any feedback on this analysis?