OMER - Renko (90 ATR, 90 min)we use stoch/mfi/rsi together with default settings.
this is a very choppy chart to analyze if you chart it normally.
renko allows us to filter that choppiness.
Stoch oversold, MFI on trigger zone, RSI moving to oversold zone.
we must wait for the price to reverse to neckline before we make entry ( > $12.50 )
also this may be a good time to buy call options.
Note
Note
Spike on volume also hints a reversal...Trade active
Neckline reached.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.