2 really important RSI horizontal trend lines at the 61.8 level and 32.8 level (also happen to be fibonacci ratios). Every time the RSI crosses above 61.8, HUGE upside. Every time it crosses below 61.8, HUGE downside. Looks like it is about to cross below. CORRELATES with the hourly analysis on DGAZ i just did. Both are saying short. Also, not as important, but...
Broke trend line and is now retesting. Price will soon start dropping. Great time to prepare for a short.
the rsi 50 on the weekly for amzn has been the most powerful rsi trend line on this stock so far for the last 5 years. Every time it is above, the price action rises, everytime it is below, price action falls. Notice that each blue box causes a relative spike in price action, in either way. I shorted at the blue box from about a month ago and profited nicely. The...
View in 1 month. This is my first post. Also, anytime I say something definitively, that is just what I believe. I don't want to say "I believe" for every single sentence. I fully explain my pattern analysis in the chart. Basically, I ignore the massive run off and sell off that occurred in the past week. It's too exponential too provide any primary trend, so I...