This chart is meant to show price action forming a base and support for the underlying equity.
Notice when the %R crosses above the -80 line - it's at the bottom of the base. I noticed this AFTER drawing the bases. Which means, what you can visually see and interpret from looking at the price movement is/can be technically confirmed by the indicator - and confirmation is always a good thing.
(When this %R crosses that mark [-80] it is said that the equity has/is forming a base)*
All my unlicensed opinion*
Happy Trading - Make Your Own Luck
Notice when the %R crosses above the -80 line - it's at the bottom of the base. I noticed this AFTER drawing the bases. Which means, what you can visually see and interpret from looking at the price movement is/can be technically confirmed by the indicator - and confirmation is always a good thing.
(When this %R crosses that mark [-80] it is said that the equity has/is forming a base)*
All my unlicensed opinion*
Happy Trading - Make Your Own Luck
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.