RSI dipped. That is not an entry.
A reading under 30 names a condition of the oscillator. Confirmation is a second fact, usually on price, that the condition has started to matter.
Read the noteWritten after class
Short notes on the same subject we teach: momentum indicators, the last swing, and confirmation that is independent rather than piled up.
A reading under 30 names a condition of the oscillator. Confirmation is a second fact, usually on price, that the condition has started to matter.
Read the noteThe MACD line, the signal line, and the histogram do not speak in unison. Confirmation techniques start by noticing which sentence you actually used.
Read the noteA stochastic line held against the extreme is not a clock running out. Fading it because the oscillator 'must' come back is how people stand in front of a move.
Read the noteConfirmation is an independent second fact. Adding RSI, MACD, stochastic, and a moving average until they agree is how a chart is made to say yes.
Read the noteMomentum divergence is only as honest as the pivots you are willing to mark. Distant highs make almost any oscillator look insightful.
Read the note