Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
The major down channel that's retraces to the Feb and July highs is in play again as we are very close to the top end again. The top of the channel has had 4 reversals and the bottom has had 7 reversals. So we need to see a break above it, which means a significant break and close above 1260.
The 200 day moving average is around 1265 and it is the third attempt at it. Important levels imo
"Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill" – Reminiscences of a Stock Operator.
I have been testing (watching) the difference between the StochD and the RMI. I find the RMI turns on a dime, maybe nickel; while the StochD will divergence from price on the same swing high or low.