JFC Real Time Target Indicator
Chart 59 - A
Chart 59 - B
This chart adds three of our popular exhaustion - determining indictors, Reversal (magenta squares above the bars or cyan squares below the bars), Exhaustion 2 (white dots) and Real Time Pivot (red dot above the bars or blue dots below the bars).
Since these tools all arrive at the same definition of exhaustion from totally separate mathematical perspectives, the appearance of more than one indicator at a particular point in time takes on added significance.
Of particular note on this chart is the occurrence of several indicators at the same time and price level as the JFC RTT indicator.
On a sideways day such as this, as determined by the Market Direction
Indicator, one can feel confident in taking trades on both sides of the
market when several trading tools converge as noted above.