Bears Power oscillator developed by Alexander Elder & it based on estimation of bears Power balance since changes in this balance initially signalize about possible trend reversal.
There is always a war between the bears (Pushing prices down) & bulls (Pushing prices up) that depend on the demand& supply in the market & at end of each day there is a result of this war (high or low prices) so during the day it’s very important to be able to estimate the reverse of the line chart.If trend indicator is up-directed and the Bears Power index is below zero, but growing, it is a signal to buy.FOR MORE INFORMATION CLICK HERE
1 comment:
Your words are very expressive .keep it up.
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