I wish it was that simple:Banzai wrote: Thu Jul 23, 2020 5:02 pm
Ways of interpretation: (see pictures below)
1. When you hold a trade and it is in the positive zone, moving the indicator values from 2 to 4 indicates a likely local rebound soon, so you should think about fixing a position if your trade is designed for short movements.
2. Confirmation signals of breakout trading ranges, as well as the provision of early signals for transactions.
After the big blue candle above 4 you expect a correction - and it seems to be about to develop - until it doesn't and you are vaporized in the next upward move (if your MA and higher TF doesn't save you). At least you know that momentum is diminishing.
