Wednesday, March 22, 2017 12:30:08 PM
Why look at multiple Time Frames? for perspective
Consider the daily chart below - it's coming off a major down day, printing what looks
like might be forming: a Hammer-Harami -- expect a pause in the current month's down-trend...
At that same time, the 1 hour per bar and 15 minute per bar charts are grappling with the session's open price --
Take note of the red & green MACD EMA signal lines -- they are indicating the mid-term trend direction of prices.
And finally look at the 5 minute per bar and the 2 1/2 minute per bar charts --
At the low around 10:30, the MACD EMAs are very low in their studies and the yellow stochastics
are heading up from over-sold...a good time to be thinking BUY.
Consider the daily chart below - it's coming off a major down day, printing what looks
like might be forming: a Hammer-Harami -- expect a pause in the current month's down-trend...
At that same time, the 1 hour per bar and 15 minute per bar charts are grappling with the session's open price --
Take note of the red & green MACD EMA signal lines -- they are indicating the mid-term trend direction of prices.
And finally look at the 5 minute per bar and the 2 1/2 minute per bar charts --
At the low around 10:30, the MACD EMAs are very low in their studies and the yellow stochastics
are heading up from over-sold...a good time to be thinking BUY.
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