Dislikedhello tekkies and emmanuel again this is usdjpy it is ready to buy ic close candl like that or ?{image}Ignored
hi foxali
your chart:
my study notes;
- I see a swing low developing but that #5 candle still active and has not closed and your TDI already refreshed. The TDI #25 used by Big E will not update/paint until candle#5 closed. It will only show the RSI(13) of candle#4 Closed.
- price action is leading the oscillators.
- candle #5 is a big candle compared to #4, #3, #2, and #1
- big candle which falls in the category of a WRB will usually follow by a small candle Inside Bar
- look to farther left, the short term trend (Daily) is down, the long term trend (Weekly is sideways but to the down side)
Attached Image
- price move lower and both oscillators Stoch and RSI rolling over to show divergence.
what do you know about trading this phenomenon?
did you learn from John Hayden? if you have, then you should know what to look for next.
study this book ...
RSI: The Complete Guide by John Hayden click to [download]
Trend Determination using the RSI (TDI)click to [download]
The Truth about Divergence ... read Chapter 4 Page 65
... more/-
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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