You won't learn this high timeframe trading secret anywhere.
See chart below of the weekly stochastics for RDN.
Now, you will see when a definite, & I mean definite or it won't work, so not a false break, a strong momentum push above the 20 on the weekly stochastics is very bullish & bearish when it crosses down from 80. I normally look for added confluence occurring sometimes simultaneously on the daily, 4hr & 1hr. When this occurs you get a massive push-up (above stochs. 20) or push down (below stochs. 80). Plenty of evidence to support this for RDN on the weekly chart below.
When the above is supported with x/ing up RSI or x/down RSI & some divergence where the indicators have highlighted a change in direction opposing the real price, then things get even more powerful.
Easy_Explosive_Trading (tradingview) Chris
RDN Price at posting:
2.6¢ Sentiment: Buy Disclosure: Held
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