@Simoncho
In the short term on the daily yes they have turned up but there are reasons imo for thinking they will turn down again quite quickly. Not the least being their width & position in the cycle.
Also the weekly ones are high or overbought, have crossed below their sig lines & the shorter of the two has crossed below the oversold line which is considered a sell sig.
If the longer one does the same then we may see them finally coming down before the next rally begins.
I like the stochastics & dont be fooled that they are no good during a trend. They are very predictive & useful most of the time & particularly for verification purposes across the time frames.
But that is just my opinion
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@Simoncho In the short term on the daily yes they have turned up...
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