It identifies the type of phase with possible entry points.
The exit gets difficult as sometimes there is divergence.
Anyway, the chart is attached below.
This shows that the move below 1 levels are bearish while the values of above 1 levels are bullish.
The best part is that in the bull phase the indicator generally reverses from readings of around 1.1 levels.
This time in early September the indicator gave a buy signal and is still in buy mode.
The exit can be done at values of 1.2 levels.
All the levels and lines are shown in the chart.
No comments:
Post a Comment