Right Shoulders Indicated Only in 5M Frame by 9 Seasons Rainbow

5M is too small for most people, however, it provides important signals that bigger time frames does not.
LTCUSD has formed two shoulders yesterday, which are indicated on 5M time frame by "9 Seasons Rainbow Indicator PRO".
These OverBought (Yellow) signals helped me stop manually the long trade in Breakeven.

See the 5m Snapshot in the update underneath if it does not appear here, please.

Please Check the underneath links to try "9 Seasons Rainbow Indicator DEMO".

############################## DISCLAIM ##############################
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.

評論:

5m 7m Overbought(yellow) itself is not strong enough, but when combined with the big context: Overbought(yellow) or Bear(Red) in big time frames (>2H), Right Shoulders can be indicated.