My charting strategy on corrections (and pumps) is very simple and clear.
Wait for RSI to be oversold or overbought, then look for divergences.
We had bear divs all over the charts at this local top - now we look for bull divs at the bottom.
4-hour is almost oversold.
Wait for RSI to be oversold or overbought, then look for divergences.
We had bear divs all over the charts at this local top - now we look for bull divs at the bottom.
4-hour is almost oversold.
scott.melker@texaswestcapital.com