Crossroads again here. If resistance wins bulls will have to retreat to the 2-4 hour chart support zones.
If you are bullish this is an excellent buy zone. Because you can place tight stop loss below support lines shown on indicators.
I've set alerts on every indicator trend line. If one fires off I can act, or I can wait for 2 to confirm, or 3! Depends on how conservative you want to be. Set alerts and let tradingview work for you.
To use the custom indicators shown in chart. Click on the "Share" button and "Make It Mine"
List of Indicators used (from tom to bottom)
DPO = Detrended Price Oscillator (Is not range bound)
MOM = Momentum Oscillator (is not range bound)
MACD = MACD Oscillator (is not range bound)
MultiSTOCH = STOCH is more sensitive than the others. Helps find the beginnings of possible bullish or bearish divergence forming. However it is range bound and thus can't help to decipher when a bull or bear flag continuation pattern is forming.
If you are bullish this is an excellent buy zone. Because you can place tight stop loss below support lines shown on indicators.
I've set alerts on every indicator trend line. If one fires off I can act, or I can wait for 2 to confirm, or 3! Depends on how conservative you want to be. Set alerts and let tradingview work for you.
To use the custom indicators shown in chart. Click on the "Share" button and "Make It Mine"
List of Indicators used (from tom to bottom)
DPO = Detrended Price Oscillator (Is not range bound)
MOM = Momentum Oscillator (is not range bound)
MACD = MACD Oscillator (is not range bound)
MultiSTOCH = STOCH is more sensitive than the others. Helps find the beginnings of possible bullish or bearish divergence forming. However it is range bound and thus can't help to decipher when a bull or bear flag continuation pattern is forming.
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