** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet. ** The OBV index was re-created by applying a formula to the DepthHouse Trading index, an index disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry through split trading. It is a short-term investment perspective.)
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Note
(BTCUSDT 1D chart)
Note
(US 100 CFD (Nasdaq) 1W Futures Chart) In order to transition from the current movement to an uptrend, the HA-High indicator must move down and cross the candlestick first.
At the same time, the horizontal length of the HA-Low indicator should be longer than the horizontal length of the HA-High indicator.
Otherwise, the downtrend will remain the same.
These interpretations are available for all period charts.
(1D chart) In that sense, it can be seen that the possibility of a transition to an upward primary wave on the 1D chart is increasing.
However, since the wave theory can be confirmed only when the wave is completed, it is necessary to check and respond to support and resistance at the HA-High and HA-Low indicators.
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