Posted On: 04/24/2014 1:38:19 PM
Post# of 56324
I have to agree with Thatch; this FITX daily chart is really in a very nascent stage, and has yet to develop. With the low vols, the MMs can really "paint the tape" at will to serve their purposes. Also, no way in Hades I'd try to apply EWT or Fibos to this chart.
Best indicators are the std. MACD and STO, with RSI tossed in for good measure. If anyone has the OBV tool available, plot that on your VOLUME chart. OBV is a good indicator of share accumulation, or share distribution (selling).
Right now (1:32 pm EDT) the 15-min MACD is indicating and uptick in price; OBV is also ticking up for the first time in 3 hours....so maybe??
But, I see no inverse H&S pattern at this point. It did stage an attempted H%S from 2/10 - 3/21 which failed. Alas, those "tea leaves" oft leave us searching.
GLTA
Best indicators are the std. MACD and STO, with RSI tossed in for good measure. If anyone has the OBV tool available, plot that on your VOLUME chart. OBV is a good indicator of share accumulation, or share distribution (selling).
Right now (1:32 pm EDT) the 15-min MACD is indicating and uptick in price; OBV is also ticking up for the first time in 3 hours....so maybe??
But, I see no inverse H&S pattern at this point. It did stage an attempted H%S from 2/10 - 3/21 which failed. Alas, those "tea leaves" oft leave us searching.
GLTA
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