Comment on Indicators (Part 2)

pushkar commented on 24 Apr 2017, 05:22 PM

1.) what if the volumes, S&R levels and indicators confirm a long or short position but there is no evident candle stick pattern then should we take the position? similarly if candle pattern is there with S&R levels and indicators confirming a long or short position but without volume then what ?
2.) while the volume crosses the average volume of last 10 days most of the price action has already taken place. so do while taking the position do we assume that the same price trend will continue ?
3.) what is one indicator says yes and other says no? eg the current price is at the -2SD of the BB and RSI value tells that the stock is overbought, then what?

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