@haijin, I like that you brought in MACD to support your TA using Eliott Waves. Do you ever include the use of RSI as well in your personal tool kit?
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@haijin, I like that you brought in MACD to support your TA using Eliott Waves. Do you ever include the use of RSI as well in your personal tool kit?
It doesn't seem to, but who ever traded knows how m uch RSI is important to confirm a certain movement or to deny it. But if the whole World is based on guesses and speculations these days, why can't this be also? Very good insight btw.
Thank you for your comment. I spend a significant time managing my stock and ETF positions in my various retirement and savings account. I also have an options account. I wouldn't think of buying a stock without looking at the RSI to see when I should actually buy a position I'm interested in. It seems appropriate as well for cryptos since sentiment drives their volatility.