ok thanks for your chart. me personaly never act on the indicators. because they can be both bullish and bearish depending on your emotions
techanalysis2151
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This is true. I typicallytry to use them to trade with the overall trend.
techanalysis2151
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I think you may be right. I threw on an RSI and and an Ultimate Oscillator. The last few times RSI crossed into overbought, there were slight corrections but overall it was confirming a stronger uptrend. I used the UO just to check the buying pressure. Its not terribly high, but I think it shows some strength.
I think you may be right. I threw on an RSI and and an Ultimate Oscillator. The last few times RSI crossed into overbought, there were slight corrections but overall it was confirming a stronger uptrend. I used the UO just to check the buying pressure. Its not terribly high, but I think it shows some strength.