That is why we use more than just two indicators, e.g the oscillator, MACD convergence etc...
As for this comment: "RSI is at the same level as March and then look what happened. Doesn't mean too much", the idea is it is telling you it may be overbought, and then... lo' and behold it did return to "normalised" after a while, hence I would disagree that it "doesn't mean too much" it gave good warning to those people before it crashed.
ASX:MAY has exceeded its pivot points, and just like before, it might return to those points.
Only sell signals can be derived from the CM_MACD_SMA, as the Ema's have not both crossed the overall trendline (bearish).
Divergence warnings are given from the following signals in this image: RSI , MACD , MACD Histogram, Stochastic , CCI , Momentum, OBV, VWMACD, CMF etc
"Straight onto ignore" was this in reference to me or something else?
