OAS- Check out that potential D bottom and the Pos RS divergence
11-2 Check it out! First off we see what MAY be
a double bottom in process. Next we see a green
downtrend line that we'll want to see if its crossed
to the upside. What is really important is that of the
RS sporting POSITIVE RS divergence. That is
exactly what you want to see on a retest of the lows.
From here its all about an upside crossover of the
green line, that's the trigger on the long side
THEN you upon that crossover you can place
a stop just below the blue lines.
These are not recommendations, trade at your own risk
for educational and informational purposes only.
a double bottom in process. Next we see a green
downtrend line that we'll want to see if its crossed
to the upside. What is really important is that of the
RS sporting POSITIVE RS divergence. That is
exactly what you want to see on a retest of the lows.
From here its all about an upside crossover of the
green line, that's the trigger on the long side
THEN you upon that crossover you can place
a stop just below the blue lines.
These are not recommendations, trade at your own risk
for educational and informational purposes only.