StageInvesting +Elliot Waves

Dear Sir,

Thanks for checking.

In addition to moving averages, we tend to take a view from other indicators – MACD and RSI.

For example, in this case (ABB) , we see daily and weekly MACD has turned into a buy but the doubt remains as monthly MACD remains in sell here .

(But genearally it happens if any upward -wave is balance ,even if monthly MACD has turned into sell and it can turn towards buy later on , and first indications come from daily/weekly MACD turning up)
RSI divergence is other thing we check. For example, we recently took intial postion in SonaComs- because on weekly charts we observed RSI divergence .While price was falling , RSI was not making lower-low and MACD was whipsawing . So we took the cue from RSI.

Apart from that we try to check fib ratios of retracement in addtion to candle patterns.

Hope it helps.