#TradingTools101 For confident trading, I leverage RSI (Relative Strength Index), MACD (Moving Average Convergence Divergence), and Moving Averages.

RSI identifies overbought (above 70) or oversold (below 30) conditions, signaling potential reversals. MACD tracks momentum, with crossovers of its line and signal line indicating trend shifts. Moving Averages (e.g., 50-period, 200-period) smooth price data, revealing trend direction and dynamic support/resistance.

I combine them for accuracy: A bullish MACD crossover, coupled with RSI exiting oversold territory and price bouncing off a key Moving Average, offers stronger buy confirmation. Conversely, a bearish MACD crossover, RSI exiting overbought, and price breaking below a Moving Average signals a potential sell. This multi-indicator approach reduces false signals and enhances trade conviction.