I’m fairly new to trading, and i use macd (12,26,9) and stochastics (5,3,3) both are set to exponential. Is it possible to spot the bottoming out price using these indicators ? or is there a better indicator to spot ?
Hi Kushanth, There are very specific way in which indicators should be used. Apart from this you should also look at price patterns and Elliott wave counts if possible. Bottoming patterns can be identified combining prices, Elliott wave and indicators all together. In case you would like to learn about Technical analysis and Elliott wave, Indicators, Time cycles you can register yourself for the upcoming Training on 29th and 30th July. You can find more detials here – Most Advanced Technical analysis Training