Technical indicators are not decision makers. Used as a supporting tool for identifying the signals. Its a ready made analysis. Use 21 days for short term. Trend is positive(bullish) if the current price is above the moving average and trend is negative(bearish) if the current price below the moving average. It is useful in trending market and not sideways. Its like a magnet and prices are attracted towards the average It is useful when the price is on sideways market. Non trending indicator. Price above 70 indicates strength. Sell stock on the day when RSI goes below 70. Price moves above 30 signals buy a stock
RSI is useful when the price is on sideways market. Non trending indicator. Price above 70 indicates strength. Sell stock on the day when RSI goes below 70. Price moves above 30 signals buy a stock
Fibonacci series is the sequence of numbers in which each number is the sum of the previous two numbers in the sequence. The golden mean is the ratio of two consecutive numbers