One of the most reliable signals that an oscillator can provide is negative or positive divergences. By using this method the probability to spot a reversal in the existing trend is magnified, especially when the divergence occurs near or at a support or resistance. A negative divergence is when the price chart forms two consecutive […]
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Fibonacci retracement signals on S&P 500
I don’t believe very much in technical indicators that are completely mathematical and ignore the peculiarities of a specific price chart. The Fibonacci retracement is such an indicator, but I have to admit that it works in many cases. I guess it’s a self-fulfilled prophecy and not a common situation in nature, that the advocates […]
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