..... and now it moves
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DislikedThanks for all the charts and replies guys, it's really great to see everyones points of view, definitely helps with the learning process. I have posted 3 charts with my attempt at interpreting the situation, please feel free to criticise. The one hour has a regular divergence, price is at the ema indicating indecision but the trend is up so we should still be aware of bullish (or should we be really looking for shorts or waiting for the ema to cross because of the bear div) the rsi is above the 50 The 15m has a bounce off the 1 hour ema with a...Ignored
Dislikedbut I see Allan is back, so he will likely have some more explicit guidance. {image} {image}Ignored
Disliked{quote} Not sure what you are referring to here. Chart explanation = {image}Ignored
DislikedSee how on this 5 min chart how the bears pushed down and out of the bullish divergences and how the application of the two bar tests keep us out of trouble by not taking longs. {image}Ignored
Disliked{quote} The answer to this was no because you have the lines(white) drawn incorrectly, consider this... 3155934 It is important not to chop off pivots just o make a line fit {image}Ignored
Disliked{quote} Hi Alan, Blessed New Year to You and Your Family. Welcome Back! Can you please elaborate more on "It is important not to chop off pivots". Do you mean... (see picture) If Point 1 on the RSI is used to mark a div on Point 2; then Point 1 cannot be used again to mark Point 3? Please advise, thanks. {image}Ignored
Disliked{quote} thats interesting, what parameters do you use to determine the top or bottom line for a 2 bar test, or is it just a straight line - same height as the first starting bar ( thats what it looks like from the chart)Ignored