One of my ideal strategies is to buy when…
the last indicator goes up (better if by breaking its moving average) from the “abyss” that is from the oversold zone (in blue)
It is the ideal condition both in the short and long term … as in this case
If you look closely you see that the perfect moment on the monthly was just when the indicator came out of the “abyss”
Now we could approach the “yellow” phase that is the consolidation phase which Riesner also indicates as probable
Probably not now but knowing that the ideal seasonality is until April-May, let’s get ready to capitalize on trades as soon as conditions suggest it.
HERE THE NOTE OF RIESNER
HERE THE WEEKLY & MONTHLY CHART
the weekly chart shows that we are on resistance but the indicators are not yet in negative divergence …. this is what I am waiting for to definitively exit the position for the correction that Riesner also suggests could arrive in the summer
In this monthly chart, on the other hand, I have highlighted in yellow the consolidation boxes that I expect after this phase, as in the past before new highs, also as in the past.