Weekend preperation and discovery. I love it when I find something as beautiful a BW on the Weekly time frame. I looked through about 300+ charts today and found 22 that I fell in love with for April.
Explanation:
Focus is the stochastic indicators, mainly the middle and bottom one. The top stochastic is my signal with a shorter setting. It shows me direction and confirmation for trade execution. The idea is to find charts that have stochastic that angle like the one in BW, almost like the stochastic wants to jump out of the indicator and move into the chart. Extremely good and pronounced BULLISH DIVERGENCE.
Price continues to try to move down, while momentum continues to move to the upside. Bullish divergence, trend reversal and dollar signs. I boxed the angle/shape on the stochastic. Hope ya'll enjoy.
Top - Stochastic signal
Middle - Stochastic 14
Bottom - Stochastic 21