Leading indicators and shall be used with other indicators to qualify or disqualify trades.
Why I'm using these two fibs in this analysis..?
1) FIbs Retracement - where to enter the market at discounted price.
2) Fibs Extension - where to exit the market at the highest probability prior to reversal.
What we can see from this chart?
- price actions in...
Please combines several forms of technical analysis to determine the right edge and potential points for entering and exiting trades, as well as controlling risk.
Good luck !!
FSRF will indicate the following;
- price level of potential trend correction rise or fall
- combination of trendline and % retracement
- measure the trend speed
- also can be viewed as support and resistance lines.
Significant uptrend line for the energy sector. Hope price to stays above the higher speed line to keep the momentum.
If manage to break above 0.315 and close above it, will likely continue to break-out above 0.350. Volume looks good on last Friday pushing to break the volume (14). But watch-out for the hidden divergence of possible downtrend.
