Dissecting HIMX Run up - chart III
This chart is meant to show price action forming a base and support for the underlying equity.
Notice when the %R crosses above the -80 line - it's at the bottom of the base. I noticed this AFTER drawing the bases. Which means, what you can visually see and interpret from looking at the price movement is/can be technically confirmed by the indicator - and confirmation is always a good thing.
(When this %R crosses that mark [-80] it is said that the equity has/is forming a base)*
All my unlicensed opinion*
Happy Trading - Make Your Own Luck
Notice when the %R crosses above the -80 line - it's at the bottom of the base. I noticed this AFTER drawing the bases. Which means, what you can visually see and interpret from looking at the price movement is/can be technically confirmed by the indicator - and confirmation is always a good thing.
(When this %R crosses that mark [-80] it is said that the equity has/is forming a base)*
All my unlicensed opinion*
Happy Trading - Make Your Own Luck
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.