Quote from: Voodah on December 30, 2013, 09:49:34 AM

Quote from: Miz4r on December 30, 2013, 09:43:38 AM

Quote from: MAbtc on December 30, 2013, 09:04:31 AM

So, seriously. How does one avoid the image block?

http://i.imgur.com/ZFGqlEi.png
Lines and stuff

The fact that the volume is weak doesn't mean much, volume was very weak just before the rally from 200 to 400 as well and also it's holiday. And RSI and StochRSI are not very reliable indicators imo, I prefer to look at MACD which is about to crossover on both the 1d and 4h timescale. That is usually a bullish sign, and the volume might be coming very soon with it as well. But we'll see, the bearish scenario is not out of the picture just yet.

How come StochRSI never went back to overbought during the first climb from 800. It never even crossed 70 up until now and this weird uptrend..

EDIT: Can you "make" that happen so as to trick people into thinking the top is not reached yet?

Because it is based on the 14-day high-low range. "14-day StochRSI equals .80 when RSI is near the high of its 14 day high-low range." http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:stochrsi