#TradingTools101
RSI, MACD, and Moving Averages are essential tools in my trading strategy. RSI helps me spot overbought or oversold conditions—great for timing entries and exits. MACD gives insight into momentum and potential trend reversals, especially with its signal line crossovers. I rely on Moving Averages (like the 50 and 200-day) to confirm overall trend direction.
I often combine these tools for higher accuracy: for example, if RSI shows oversold, MACD crosses upward, and price is above the 200 MA, it's a strong buy signal for me. Using them together filters out false signals and boosts confidence in my trades.
What tools do you trust in your analysis? Let’s share strategies and level up together.