calling it a 'trend' is iffy in my book, but i see what you mean. short term trends, as is 2 days, isnt enough of a confirmation.
in order to be a real trend, we need historical prices and historical data. using yesterdays and todays prices isnt historical enough and using todays price action doesnt count because the day isnt over.
for the past 2 weeks ive been suggesting the chart is prepping for a reversal. several indicators show it and are strengthing even today.
i want the black ADX line to go above 30. its headed there now.
i still think the chart is prepping for May and we'll be above .03 by then
for all we know, we could drop to .008 or lower.
I like your efforts looking at the chart. great job!
in order to be a real trend, we need historical prices and historical data. using yesterdays and todays prices isnt historical enough and using todays price action doesnt count because the day isnt over.
for the past 2 weeks ive been suggesting the chart is prepping for a reversal. several indicators show it and are strengthing even today.
i want the black ADX line to go above 30. its headed there now.
i still think the chart is prepping for May and we'll be above .03 by then
for all we know, we could drop to .008 or lower.
I like your efforts looking at the chart. great job!
1
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There is a very high degree of risk involved in trading and investing. Past results are not indicative of future returns. I assume no responsibility for your trading and investment results. You should NOT rely on the information in the above post to make any decision or take any action.
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I am NOT a professional.
I do NOT work for you.
My posts are NOT investment advice. I am not paid to post.
There is no correlation between the number of posts I write per day and your assumed success of a company.
It is NOT my responsibility to inform you of my own personal investment decisions.
It is NOT my responsibility to inform you when it is time for you to buy, hold, and/or sell a position.
I have no control over, and am not responsible for the actions of others who copy, store, edit, change, prepare any derivative work of or alter in any way any of the content provided in my posts.
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