NYSE:ABB
Time for a bit a of Divergency Trading.
ABB shows a bearish divergence in price and MACD.
A divergence is a powerful pattern that means in case of ABB while prices went up, MACD only reached a shallower high creating a bearish divergence.
A pull back of prices into the zone between EMAs 13 && 26 bars could happen here.
Time for a bit a of Divergency Trading.
ABB shows a bearish divergence in price and MACD.
A divergence is a powerful pattern that means in case of ABB while prices went up, MACD only reached a shallower high creating a bearish divergence.
A pull back of prices into the zone between EMAs 13 && 26 bars could happen here.
Trade active:
Yesterday the MACD down tick happened which is a trading signal.
Trade closed: target reached:
Initial target of 23.60 reached. You can even get 23.50
I would close now but got stopped out yesterday already by a badly set stp loss.
I would close now but got stopped out yesterday already by a badly set stp loss.