How To Gauge The Health Of Any Breakout - #917
We use technical analysis price breakout levels of $112.53 on the daily chart and $113.39 on the monthly chart as regard Microsoft's - MSFTs [$113.62] - chart to gauge how powerful the current move is. I use incoorporate the 2-hourly charts where I highlight why I suspect the current daily and monthly chart breakout failed based on "Muathe Uniformity" (an original concept), the worst kind of negative divergence with RSI 61.8 stalling (another original Muathe.com concept), and RSI backtest failure (yet, another Muathe.com original concept)
ＬＩＫＥ | ＣＯＭＭＥＮＴ | ＳＨＡＲＥ | ＳＵＢＳＣＲＩＢＥ
Using Mostly Original http://www.muathe.com/ Concepts!
This is a follow up from the the previous video below:
Uniformity and Negative Divergence - #732
"Single RSI Long-Term Lines"
https://www.youtube.com/playlist?list=PLjHhEQ5LDpkbdDw1HvcyDOLq7EgGWzXXF
Stock Charts RSI 30 Level & RSI 70 Level Explained
https://www.youtube.com/playlist?list=PLjHhEQ5LDpkaILP62YdqCXyHmndnhU4u1
Check out this video on phi or golden mean or 1.618
There is a need to extend major RSI trend lines since they do offer some hidden signals down the road. Here is a good example.
We look at how to draw simple lines on the RSI to determine where the odds of price movement seem to be pointing to.
And don't forget to account to uniform or symmetric RSI support or rejection on any previously important RSI line as per the instrument's own trading history.
"Daily 2-Minute Chart Study #350: The 27 Year Old - Sentiment - Memory Line"
"Uniformity"
https://www.youtube.com/playlist?list=PLjHhEQ5LDpkZnwHCqMVKNLu0n0YTffk66
"RSI Divergence 2.0 & Uniformity"
https://www.youtube.com/playlist?list=PLjHhEQ5LDpkb8JhsWT166IiNBFtZMJwLn
"RSI 50 Level Uniform Support or Rejection "
https://www.youtube.com/playlist?list=PLjHhEQ5LDpkZy6WqgZkBGhDt-LzoRDvYT
RSI 50 crossing, sell signals, uniformity, single line, 30.9, 69.1, worst type of negative divergence.
Microsoft Corporation
NASDAQ: MSFT $MSFT $XLK $IYW $IVW $IWF $QQQ $SPY $IVV
#FailedBreakouts, #NegativeDivergence, #SellSignals, #Breakouts,
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