Thursday, July 04, 2019 10:45:41 PM
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
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
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