Thanks for the help Chartman

awllee

Junior member
36 0
Hi All,
I was fortunate enough to have Chartman help me with some TA today and I'm just posting my chart since I wasn't very good in being able to understand instructions (no fault of Chartman as he was brilliant).. just me.
Chartman.. is this correct ?

Thanks :)
 

Attachments

awllee

Junior member
36 0
Since I posted this, RSI support was tested again and now has fallen through... RSI below 30 which indicates that it is severely oversold...
 

ChartMan

Legendary member
5,580 46
Yes,you got those lines just spot on. Be careful about declaring RSI <30 as well oversold. You need to take note of RSI values throughout the day. The low today was 12. Therefore you can't say 30 is oversold...... BUT next week, sometime, that statement may well be true. You will notice that today's low at 9180, RSI was at 12 again. Now you can say it's OS.
 

Similar threads


AdBlock Detected

We get it, advertisements are annoying!

But it's thanks to our sponsors that access to Trade2Win remains free for all. By viewing our ads you help us pay our bills, so please support the site and disable your AdBlocker.

I've Disabled AdBlock