This idea came across my scanner last week. I never got into the trade... And probably wont as I just wont get a entry with much tolerance to downside. Bullish above RSI 69.1 and RSI Uniformity line. use Uniformity line as a sell signal Personal note: Idea from "alternative 2" scan
Looking for topside resistance breakout on the weekly RSI. MACD should be performing a zero line crossing during this time. GMMA looks rather bullish with trader and investor MAs compressing on one another. Consider entry around the orange price action resistance line drawn. Determine you stop loss before entering the trade
Chart says it all. The daily chart shows sellers at $59.58 with a good number of buyers stepping in at the same time. GMMA lines are bullish on the daily as well as the weekly for a breakout. Monthly RSI is nearing a breakout setup Breakout is not a sure thing on this one. If you enter the trade manage it with a proper stop loss. I think I would initially...
GMMA crossover between 6.25-6.50 with strong momentum, with MACD in long position BUT RSI overbought way over 70 so opening a position would have been very risky... despite overbought price reached 6.79 before retracing so there was space for a gain but I thought there was too much risk for me buying with RSI at 74. A strategy could be waiting for a retracement...
Gmma signalled a positive shift in trend around 540-542 with MACD crossover and rsi>50 confirming Up trend. Long term MAs are pointing higher and beginning to spread with equal distance confirming up trend strength; also short term MAs are pointing higher confirming short term is Up. Price has reached a first resistance at 616-617, if breakout occurs price...