Highs and Lows can deceive you!!!!
Vedanta has formed a nice rising wedge. However its not visible with highs and lows. Some people might argue that trend ines should be drawn without missing any point. I say what works works. Whats the best indicator?
RSI?
Stochastics?
Super Trend?
On balance Volume?
and best trading strategy
ma cross
Trend line break
Elliot waves
......
...........
You name it every indicator out there is derivative of price and volume. Every strategy fails without proper stop loss and profit management.
Anyway getting back. You can see the rising wedge when only close is considered. In next chart observe with lows and highs
RSI?
Stochastics?
Super Trend?
On balance Volume?
and best trading strategy
ma cross
Trend line break
Elliot waves
......
...........
You name it every indicator out there is derivative of price and volume. Every strategy fails without proper stop loss and profit management.
Anyway getting back. You can see the rising wedge when only close is considered. In next chart observe with lows and highs
Note
Looks quite messy
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.