Not exact matches
So, there are still two
possible future scenarios -
bearish that will lead us below February low following
trend line breakdown, and the bullish one in a form of medium - term double top pattern or breakout towards 3,000 mark.
It can be used to confirm a new
trend (with a move from below 50 % to above 50 %, or vice versa), to suggest when a given move may be getting overbought (above 70 %) or oversold (below 30 %) and also when a potential price reversal may be
possible (bullish divergence or
bearish divergence).
If the green line of the Vortex Indicator aligns below the indicators» red line, it is an alert warning of a
possible bearish price
trend, as such short entries should be initiated without delay (refer to Fig. 1.1).
Bearish trends are always opportunities for long term investors, only then it is
possible to buy good companies at high discounts, in bullish
trends it is impossible to find good companies for any discounts and a discount (if found in a bullish
trend) reflects bad news that are not known to investors yet but well known to all insiders that are selling.
Watch out for tomato bars that forms within the WildersDMI.ex4 custom indicator window during an ongoing
bearish trend, as a
possible alert for weaning bears power, as such an exit or take profit is strongly advised.