#TradingTools101
RSI (Relative Strength Index):
This momentum oscillator helps me identify overbought (>70) or oversold (<30) conditions. It’s my go-to for spotting potential reversals.
🔵 MACD:
I use MACD for trend confirmation. When the MACD line crosses above the signal line, it's a potential buy signal; below it, a possible sell. I also watch for divergence between MACD and price.
🟡 Moving Averages (EMA/SMA):
I primarily use the 50-day and 200-day EMAs. The Golden Cross (50 EMA crossing above 200 EMA) is bullish, while the Death Cross is bearish. These help me stay aligned with the larger trend