Triple bottom with RSI divergence

Pekelo

Pekelo

On the 5 days charts for indeces, should be bullish...



Edit: The ES just jumped 9 pts since I posted that...
 
you could have had your 3rd bottom at any point after the first two where highlighted so why did you choose this one to draw in your divergence? Other points showed a higher low in the Rsi with a Bollinger penetration to the downside ...
 
Oh, the Bollinger had no effect here, I just didn't remove it. I hope you guys noticed that there was first a double bottom with RSI divergence at the 2nd underlining....
 
Here is yesterday's doublebottom on the weekly chart with the RSI divergence. Without the BB so easier to see:

<a href="http://img124.imageshack.us/my.php?image=doublebottomtk5.png" target="_blank"><img src="http://img124.imageshack.us/img124/3977/doublebottomtk5.th.png" border="0" alt=/></a>
 
Pekelo,

Are you still trading with the Williams %R? Have you found this
the best standard indicator available to traders? How have
you found the Williams %R as it crosses the 50% level?

Thanks,

snarlyjack
 
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