How to use SqueezeMomentum, WT Oscillator IndicatorsIn the 1-hr we have Squeeze Momentum green fading and the green bars have turned gray. This suggests price may have topped and is a warning to close longs. When the bars fall to centerline, dots change color from dark to light blue, is a signal to enter short side. You can aggressively enter shorts earlier based on chart formations, other signals such as RSI overbought, or gestalt hunch, but risk is higher, as another rising price can still occur in this area.
No signal yet on WaveTrend Oscillator, short signal is generated when it gives a red button.
RSI way overbought, but can still pop higher and get more so. IMO this is a less predictive indicator, as it can stay overbought in melt-up like this.
Volume price indicator shows Point of Control at yellow line. Price often returns to POC on pullbacks, making it a target for shorts.
Not advice, just ideas for some indicators that are very useful IMO. GLTA!
