Monday, September 13, 2010

which trend is major?



Comment: i've been waiting for any indication that bias to bearish trend but i didnt found any perfect signal. Was that last divergence that i found end up with major trend turning point or it just minor bullish trend that currently progressing. Anyway, lets talk about the indicators in H1,RSI is stable moving in between top & bottom line, there is no "overbought"', while smac-d both signal line & the histogram being above zero line
and this trend is strongly supported by the MAE 14 line which price is still moving above the MAE line.However, if there is sell set up happen in M15, it could test this resistance line to break this top point.

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