Sure bulf but daily charts are more influential than intraday.
Also take note that the best setups come when divergence is
confirmed by other oscillators like the RSI 5, etc and forms a
pattern. In addition, always keep in mind the overall market
condition as it strong market selloff oversold can get more
oversold.
For example, GLT had a divergent low on its RSI 14 and 5 and
formed a falling wedge. Patterns represents several days of action
not just one day and thus are more relevant
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Sure bulf but daily charts
Are the CCI setup trades valid on any time frame?
Posted by steve on 23rd of Aug 2018 at 11:23 am
Sure bulf but daily charts are more influential than intraday. Also take note that the best setups come when divergence is confirmed by other oscillators like the RSI 5, etc and forms a pattern. In addition, always keep in mind the overall market condition as it strong market selloff oversold can get more oversold.
For example, GLT had a divergent low on its RSI 14 and 5 and formed a falling wedge. Patterns represents several days of action not just one day and thus are more relevant