So, i am using stochastic indicator and its really important what are your settings. I am using 8.8.3 (K-8, slowing-8 , and D-3) and the standard MACD indicator. Now with those settings on Stoch when we have crossover on WEEKLY chart the trend is going to change.As you can see right now the stoch is already in 80s area of the indicator, which means probably the end of june we will have some kind of crossover in stoch indicator. Not always the crossover is going straight in the direction it has to go, sometimes is making higher high, BUT ALWAYS when the stoch is overbought, has to go down. I expect the end of june, beginning of july (probably after the earnings of the Q2) to expect massive falling!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.