2B Dragoms are fairly reliable price action reversals. Their reliability goes up when there's confirmation from indicators. These two short term charts are good examples of indicator conformation. Compare the lows ---
The 23 tick on the left: MACD EMAs and histogram lows are divergent to price lows Stochastic is oversold and hooking up The 17 tick on right: MACD EMAs and histogram lows are divergent to price lows Stochastic is oversold and hooking up Stochastic lows are also divergent to price lows
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.