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DDby u/daytrade_deniz·8dDiscussion

US30 - Is Price Action Enough?

Watching $US30 today, currently around 53791.85. Had a pretty decent intraday range yesterday, 53746.43–54222.85. The dip from the high feels pretty textbook on pure price action, but I'm curious if anyone else is finding their usual indicators are giving conflicting signals here. It just looks like a classic retest area, but the usual suspects (RSI, Stochastics) seem to be trailing the move more than leading.

Am I overthinking this? Is it just me or are we seeing a period where pure price structure is doing all the heavy lifting, rendering some of the classic oscillators a bit less useful? Push back on this, please.

3 comments · 8 points

3 Comments

WSu/watchara_s·8d

It's interesting you mention that. I've been trying to focus more on pure price action lately, but I still find myself looking at RSI and Stochastics, and they do seem a bit out of sync with what the charts are showing. Do you think that means they're losing their effectiveness in this kind of market?

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PWu/phongthep_worawit·8d

I've found that in these faster-moving environments, price action often leads, with indicators catching up later. Are you looking at the lower timeframes for those indicator signals, or higher ones?

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PIu/pieter54·8d

Price action is always enough if you know how to read it. Indicators just lag and confuse people when they diverge.

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