According to Mr. Elder's method, I start my analysis with the senior chart, for me it's the Weekly. I look through the list of stocks looking for stocks with a price divergence to the MACD indicator. This is my "first Elder screen"
After that, I switch to the daily chart and look at the selected stocks on this time frame. This is my "second Elder screen"
And I do the same procedure with the selected charts on the hourly chart
On the Hourly chart, I see a great divergence of the price to the indicators.
pending order under the candle marked with an arrow, stop above it, take profit about 1:5
After that, I switch to the daily chart and look at the selected stocks on this time frame. This is my "second Elder screen"
And I do the same procedure with the selected charts on the hourly chart
On the Hourly chart, I see a great divergence of the price to the indicators.
pending order under the candle marked with an arrow, stop above it, take profit about 1:5
Operación activa
the price has activated a pending order.Nota
The price reached the level of 1:3. But my goal goes a little further. I'll wait.
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Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.