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Sequence of Analysis
1. Let the market stretch
2. Support / Resistance
3. Price Actions
4. MACD / Stochastic
5. Overbought / oversold - two long candle (hourly / 4H / Daily
2. Support / Resistance
3. Price Actions
4. MACD / Stochastic
5. Overbought / oversold - two long candle (hourly / 4H / Daily
Friday, November 20, 2009
MACD, Slow Stochastic, Candlestick Counting Technical Analysis method
Indicators Setting:
Slow Stochastic: Averaging period fast: 7 | Averaging Period Slow: 7 | Observation Period: 5
MACD: First EMA Period: 20.0 | Second EMA Period: 26.0 | Signal EMA Period: 9.0
Candlestick Formed: 2 (Guaranteed)
Time Frame: Daily
Post Analysis:
So after the signal prediction i have done yesterday on the 20 November 2009 the second red candlestick will form is guarantee. And everything went correctly as you can see on the chart below the second red candlestick is formed.
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