Pros and Cons of Big Picture Share Trading Indicators

Two of my favourite technical indicators are (1) consolidations and breakouts on 12m candlestick charts and (2) Coppock buy signals. These are both big picture indicators with buy signals occurring only at extended intervals.

As an aside this is what makes bear markets painful but also exciting because these are the conditions which give rise to these big picture buy signals. Already we are starting to get some and I anticipate many more over coming months.