General Market up +1% today. MU going to ATHs. And these guys are shaping up to a nicely define breakout on the RSI and MACD. Confidence level on this one is 7/10. I will reflect on this idea once things have played out. Apologies for the brief description. Please like if you agree with the idea. Please comment if you have any thoughts. Thank you.
Chart says it all. Look for us to bounce off that price action trend line along with the RSI bouncing off that orange line created from the last low. If we do bounce look for volume and candles to confirm. If you like this chart and agree please like this idea. Comment if you have any input. Please and thank you.
Chart says it all. Normally this is a very profitable setup for me and I would take this trade in a heart beat. However the last 4 candles catch me attention and make me weary. I will not take a position on this. Instead I will follow this and see what I can learn. Volume price analysis can tell us alot going forward. If you like this chart and agree please...
No comments for this. Publishing for myself to back-test my perspective.
If price doesn't bounce off the orange RSI line by close(may wait till tomorrow) I will cut. Getting a little scary here
Always listen to your sell signals. Always manage your trades actively. I was up $100 on this one at one point. Now down $100.
Wow, this one could be good. Let me know your thoughts please RSI and MACD strategy come from Eric Muathe Teachings (youtube)
Lots to learn from this chart. Notice how I am using the RSI----> Top side trend line breaks. I am using the 14 period on the RSI. Normally I would use the 26 for this time frame. But 14 worked well here. I will compare to the 26 period here in a minute Only listen to MACD zero line crossings and signal crosses very close to the zero line Wondering if the...
So close to selling out. Yet gap just closed. Most recent candles looking weak. Posting this for my own analysis.
Many things to note here. Many things coming together Heres what to look for on a breakout 1.) Price action breakout 2.)RSI breakout(step in on the first rsi break) 3.)volume should confirm 4.)MACD zero crossing with trend line break is ideal ----------------------------------- I think the volume seen recenty is really interesting. If anyone has any comments on...
Break down occurred once the blue support box was violated. Showing signs of a pipe bottom right now------> id consider buying