The RSI can be a great trading tool if used properly. Most Traders use it for an overbought/oversold indicator and that is the worst use of the RSI. As you can see from the chart, there are multiple short term trade setup in this one hourly chart. Although I am only showing 3 examples there are many more setups on this chart but did not want to make a mess...
Let's see If the payroll numbers happen to be strong 185k.!!!
Please see annotated chart for details.
Please see annotated chart for details.
Price is currently entering a Daily support zone, I am expecting buyers to come in at the 78.6% Fibonacci level where the lower trend line of the downward channel could also come into play. The Daily 200 smooth moving average lies just beneath the support level and the 78.6% Fibonacci level. The 200% Fibonacci extension level (Aqua Blue Line) could also be worth...
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VERY STRONG HIGH PROBABILITY TRADE SET UP ON ONGC ON WEEKLY
BTC correction is well overdue. Right when everyone is thinking BTC is going straight to 1000 and every pullback is bough is when the correction will start. Here are a few things to watch for: 1. Volume on the last pullback was big 2. MACD is crossing down 3. RSI negative divergence 4. Look for a lower high and then a lower low for confirmation
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A kind of double bottom is formed Rsi showing as up direction MA not yet EMA200 Ema 50 1T and 2T
Please see annotated chart for details.
Please annotated chart for details.
Please see annotated chart for details.
Please see annotated chart for details.
Please see annotated chart for details.
Please see annotated chart for details.