Quote:
Originally Posted by jcardstore
It could bounce between the 50 and 200 until it breaks up or down. Generally I view a convincing break above 200day after a consolidation as a pretty bullish signal tho.
Never used stochastic rsi before. Too many indicators usually just muddies the water for me.
I use regular RSI occasionally, support and resistance pivot points, heiken ashi candles, and the 20/50/100/200 emas
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I feel you.
Yeah, too many indicators can be a bad thing. I'm primarily a 50/200 ema guy with stoch/rsi. I typically eye stoch first before regular rsi as it can sometimes do a better job at spotting hidden divergences. But yeah, just because the stoch is in extreme territory does not a guarantee it's done trending in a direction...it can often signal the start of a continuation.
Kill it bruh.
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