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winnaar123

08/13/20 5:03 PM

#33123 RE: MrTraderJoe #33120

for me is all above 90% overbought...IGEN trade just in powerzone!

I trade so many years, and have play tickers that run for weeks above RSI 90% without pullbacks!

Today whas just a delay and not overbought, that whas the real reason for this selling.

But yes, i whas a lucky shot of your post yesterday that we saw a pullback now..congrats!

RSI are 64% now, so not more overbought...tomorrow green again.
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sharpei

08/13/20 6:05 PM

#33142 RE: MrTraderJoe #33120

If you look at a longer term, daily chart the macd and +DMI were both higher the Summer/Fall of 2018 and again 2019.
The RSI, imo could well stay in its present range.
If I've calculated correctly we had an A, B, C corrective wave and have reset EW to ground zero again at about .0144.