Facing Short-Term Resistance - #1028

http://www.muathe.com/

As we go into the long holiday weekend FB's [185.06] daily and 2-hourly chart seems to nicely capture the short-term tone of the NASDAQ (and by extension the general market).

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"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 https://www.youtube.com/watch?v=fvdmISdytXg

Uniformity and Negative Divergence - #732
https://youtu.be/yC12pP0oPjQ

"Failed Breakouts [Understanding The Consequence Of]"
https://www.youtube.com/playlist?list=PLjHhEQ5LDpkZrmI_RXPi4f14He-1OTdTH

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"
https://youtu.be/XYxf4hnJJqU

"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.

Facebook, Inc. Common Stock
NASDAQ: FB $FB $XLC $FDN $QQQ $IWF $VUG $IVW $SPY $SOCL

#SingleLineAnalysis, RSIBacktestLines, #Parallellines, #swingTrading, #stockMarket, #technicalanalysis, #Cramer, #CNBC

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