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Re: Which Moving Average on a 5min Chart?
The upper indicator is the CCI and the lower one is the RSI. When you see these trendline breaks of 4 waves on the RSI, is occasionally explosive in a reversed trend to follow. Basically it is a breakout from a channel and sometimes is more visual to me with the CCI and RSI with their observed patterns they show often.
Also when I notice a 3 point line on either the CCI or RSI, this has shown a move is going to occur from the long side or short side.
I like to watch for divergences also with price at pivotal areas of support and resistance.
I played with watching the CCI and RSI for several years and I use to take signals exclusively from them. I no longer do this, instead it is just another tool that I have for confirmation or filter.
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