Just wanted to test this formula out while maket was closed. According to my RSI formula, price will climb VERY slightly to two points when market opens.
Once it reaches the higher point, momentum will be lost and price will decline.
The time now is 9:12pm Central US time, July 1st.
I am testing this using a fibonnacci level that the Moving Averages indicator i have created, tells me to use as an entry and exit..
Once price crosses under certain conditions, its as simple as place a fibonnacci tool from the recent LOW and drop the 0.382 level at the top of the wick of the triggering candle.
My RSI formula comes pretty close and there is a rule to be used when going against the trend. THis order goes on during a pullback.
There is also a rule to use when going against the trend which tells you which Fibonacci level to use as a take profit.
If testing on this Mass Effect Moving average indicator continues to be successful, i will shoot a video discussing it and offer the indicator for free.
Once it reaches the higher point, momentum will be lost and price will decline.
The time now is 9:12pm Central US time, July 1st.
I am testing this using a fibonnacci level that the Moving Averages indicator i have created, tells me to use as an entry and exit..
Once price crosses under certain conditions, its as simple as place a fibonnacci tool from the recent LOW and drop the 0.382 level at the top of the wick of the triggering candle.
My RSI formula comes pretty close and there is a rule to be used when going against the trend. THis order goes on during a pullback.
There is also a rule to use when going against the trend which tells you which Fibonacci level to use as a take profit.
If testing on this Mass Effect Moving average indicator continues to be successful, i will shoot a video discussing it and offer the indicator for free.