These two indicators (CCI and MFI) are coming back from the overbought region and we are at a key resistance level. This is enough for me to give it a try. Thanks for your comments.
Seeing divergence on RSI and MFI oscillators To me this is still good to long. Wait for Monday to see if the selling continues.
We have been on a long period with no clear trend, but looking at the weekly indicators, it shows that we just broke a large triangle and it is even shaping a head and shoulders pattern. All the indicators shown are really bearish on this time interval. The best scenario would be an accumulation period that would take longer to define to the upside. I wouldn't...
After a first attempt to breakout on the triangle, bulls have not been holding their position and this two last days have shown that correction is not over yet. Is it maybe the beginning of a new long term trade ? I thought that we were heading north (see my related idea) but this two last days have been deceiving. First target on the 420's and down to 400....
After several days of sideways, the outcome is not clear. However daily money flow and RSI have been holding strong on the significant 50 level. Both indicators formed a head and shoulders pattern that seems to be over now, leading to a period of consolidation or uptrend. I still don't feel the upward trend, but breakout over the 450 level would definitely start...
Seeing the way the MACD and MFI is acting, I would say there is significant risk to the downside. However if you are already long from the recent low, then I would probably look for a continuation of the more obvious trend Could we see a retest of the recent large red candles midpoint? Possibly. And then either re-enter the bearish channel or chug through the...
As you can see the Stoch RSI is in oversold area, the Money Flow Index (MFI) looks like it's going up and the Coppock Curve is at a low momentum.All of these correlations don't mean that the price can't fall lower, but it can mean that there is soon room for growth from this low starting point. Interestingly we are at Fibonacci Time Zone 3 based on last Summer's...
example of bullish divergence, double bullish bottom now forming, before good indicator that it would break out and turns out it did, now would be a good time to enter trade for a repeat?