AI
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Thursday, November 16, 2017 9:37:01 AM
Here's the better, but simple Technical Analysis which disproves your chart and theory.
We will start with the correct premise that the intraday charts on the 15 min drives the 30 min which drives the 60 min, which drives the daily.
As investors can plainly see, the daily chart has 2 out of 3 major indicators pointing bullish. The RSI is cool, but rising; The MA50 will NOT cross below the MA200, but instead, is leveling out above it; the MACD has crossed negative, but on a shallow angle. Overall, that's neutral positive.
But which way will it go? We can look to the hourly (60min chart) to find out.
Stochs, RSI, Price, and MACD are all pointing north and running bullish. Therefore, the daily will turn north and BULLS ARE IN FULL CONTROL.
We will start with the correct premise that the intraday charts on the 15 min drives the 30 min which drives the 60 min, which drives the daily.
As investors can plainly see, the daily chart has 2 out of 3 major indicators pointing bullish. The RSI is cool, but rising; The MA50 will NOT cross below the MA200, but instead, is leveling out above it; the MACD has crossed negative, but on a shallow angle. Overall, that's neutral positive.
But which way will it go? We can look to the hourly (60min chart) to find out.
Stochs, RSI, Price, and MACD are all pointing north and running bullish. Therefore, the daily will turn north and BULLS ARE IN FULL CONTROL.
Greed is good
