Hey man, not questioning you at all. But I'd like to learn how you put this together. What is this and how did you come up with the idea of VET? Right now I'm using auto fibocci, rsi, and the volume indicator and mainly scalping margins.
njamal
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@MeMoufNum, sorry, i am just too lazy to type, and English is not my mother language.
Ok, Vet has made a big run in march, corrected in may, build up for a few days & started what i see as a new bull cycle.
In the 3 days time frame i have noticed a pattern known as a triangle (pennant/wedge...), this pattern mostly breakout, up or down(or continues sideways :D), for some reasons (fundamental & technical) i think it's going to break up.
I also used the fib channel tool to look for sell/buy zones (resistance/support).
The EMA 50 work as a support/resistance (if the chart is under the EMA50 it's resistance, if the chart is above the EMA 50 than it' works as a support).
The RSI shows momentum, it helps to know whether the sellers/buyers are tired, and no long have momentum, The RSI indicator can also helps to confirm if we are in an up or a down trend. As for the candles, the tow candles in the circle shows what is know as a "Bullish Engulfment" which indicates an up trend.
Some guys use the EMA 9,20,50 cross as an indicator for trend reversion, i these three indicators crossed and separated, the trend will reverse..
I hope that i was clear enough.