Firstly, select$SPDR S&P 500 ETF (SPY.US)$& remove all ur junk indicators(so that u won't get urself confused with so many indicators) & then select KDJas shown in the below picture 😉 :
P1:
As seen inP1, the3 linesintercepted& the KDJ is about20=oversold&signalfor a possibleshort-termuptrend/bullish. As seen in the picture 📸, the stock price followed by anincreasedinprice later on.
P2:
InP2, the3 lines intercepted& the KDJ is about90=overbought&signalfor a possibleshort-termdowntrend/bearish. As seen inP2, thepricedecreasedon later days.
Using KDJ with MACD: P3:
As seen inP3, MACDorange lineis below theblue line=downtrend. KDJ =30+&3 lines intersected=bearish. (Not under 20... so = may continue todowntrend) Conclusion =Downtrendfor ashort-termas shown inP3. Vi-versa.
Using KDJ with RSI: P4:
Shown inP4, RSI =70+=overbought. KDJ =90+&3 lines intersected=overbought+ a possiblesignalofbearish🐻. Conclusion =short-termdowntrendas shown inP4on later days. Vi-versa.
Note: All indicators only act 🎬 as a guide for ur buy & sell decision =NOT 100%accurate. KDJ is ashort-termindicator.
Meta Moo :
Great explanation. Using 3-4 technical indicators to analyze is safer.
Milk The Cow OP Meta Moo : Yup
, majority win usually
.
Milk The Cow OP Meta Moo :![](https://emoticon.futunn.com/rich_big_face3_mm/06.png)
Basjan : Thank you MTC !
Milk The Cow OP Basjan : np![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)