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Reversal Time? Brookfield Infra Partners LP Units (BIP.UN.TO) Schaff Indicator Nearing Key Levels

  • Source: The Clayton Caller - - Read: 0



    Brookfield Infra Partners LP Units (BIP.UN.TO) are in trader’s focus this week as the Schaff Trend Cycle indicator has trending higher consistently over the past week.  Investors will be watching to see if the price level breaches the overbought signal at 75, which would suggest the strong likelihood of a near-term pullback.

    Introduced in 2008 by Douglas Schaff, the conecpt of the Schaff Trend Cycle (STC) is to identify peaks and lows and predict reversals by running through a cycle oscillator, creating an effective indicator for entry and exit signals, when used in conjuction with additional signals. The STC combines an exponential moving average with slow stochastics to display a signal line that oscillates between two levels on a scale of 0 to 100.

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