draw a chart is not my style...but some of the club member ask me...and i show to him this draft of mine...
special for Tony Nulty........even im not specialist n never forecast this commodity..but i try my best to help u...
im a speculator usually not use these indicator to specualte the market....and only use fibo++ fundamental .....but for this situation i must use 3 of this indi because we want to really check n confirm the movement of this NG itself....
there are 3 signal there
red one: high potential of downward due to the CS moburozu patternn...
yellow: rsi undeer 50 should be highly bearish
purple: stoch under 20 should be oversell but....4hr chart shows a rebound signal....but daily still on his way to move lower than 20.....
for this environment of "tumble" i usually use this as my indicator rather than fundamental cause im expect it tend to follow stoch when it done the oversell.......
so for now.....im still bearish for this NG...but if the stoch for all 3 TF show bullish divergence.....then u should be aware of rebound patern!!!
special for Tony Nulty........even im not specialist n never forecast this commodity..but i try my best to help u...
im a speculator usually not use these indicator to specualte the market....and only use fibo++ fundamental .....but for this situation i must use 3 of this indi because we want to really check n confirm the movement of this NG itself....
there are 3 signal there
red one: high potential of downward due to the CS moburozu patternn...
yellow: rsi undeer 50 should be highly bearish
purple: stoch under 20 should be oversell but....4hr chart shows a rebound signal....but daily still on his way to move lower than 20.....
for this environment of "tumble" i usually use this as my indicator rather than fundamental cause im expect it tend to follow stoch when it done the oversell.......
so for now.....im still bearish for this NG...but if the stoch for all 3 TF show bullish divergence.....then u should be aware of rebound patern!!!
Bismillah