This trading style is based on Divirgence. Like any other trading styles it has it's own weaknesses.
For Up Trend confirmations watch Stochastic divirgence. (Marked in cyan lines)
For Down Trend divirgence watch RSI, but before shorting make sure that Stochastic left overbought level. (RSI divirgence marked in red)
Now price struggles to go up and RSI already shows divirgence. I will be waiting for confirmation to go short.
Brexit worries most likely will change the trend to the down side.
If you like my Idea please CLICK the LIKE button. THANKS!
For Up Trend confirmations watch Stochastic divirgence. (Marked in cyan lines)
For Down Trend divirgence watch RSI, but before shorting make sure that Stochastic left overbought level. (RSI divirgence marked in red)
Now price struggles to go up and RSI already shows divirgence. I will be waiting for confirmation to go short.
Brexit worries most likely will change the trend to the down side.
If you like my Idea please CLICK the LIKE button. THANKS!