Look at this chart. What do the indicators suggest was about to happen prior to the red arrow? All the indicators were pointing to a downward move in prices. I have marked divergences of the Klinger and Bollinger Squeeze indicators. The MACD was also pointing toward lower prices. Ironically, however, prices on the highest time frame (not shown), or principal time frame, are pointing toward continued higher prices.Tuesday, April 15, 2008
What Do the Indicators Suggest?
Look at this chart. What do the indicators suggest was about to happen prior to the red arrow? All the indicators were pointing to a downward move in prices. I have marked divergences of the Klinger and Bollinger Squeeze indicators. The MACD was also pointing toward lower prices. Ironically, however, prices on the highest time frame (not shown), or principal time frame, are pointing toward continued higher prices.
