Here on MACD analysis is easier to see strong S/R levels. When we dont mention price bias, we can see how we are respecting few important levels at MACD chart. Our bearish OB is acting as a strong resistance for more than a year, just November 2017 absolute FOMO caused by futures excitement broke our resistance level. After market retracement we are back to our MACD range. I will be watching next local resistance and our historical resistance and trade accordingly.
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thats MACD chart i meant
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Interesting development. We are at crossroads on my MACD chart. Recently touched the strong support of 2018 that have turned to resistance. Now the question if bulls can push it over or we will be rejected?
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Same resistance from long term triangle pattern to reduce volatility is holding us at this position. Add to this bigger OB turned from bullish to bearish and fib extension 0.61. We will need much more exposure to surpass this level and that will be a first sign of major trend reversal if we stay above those levels. Lets see.....
Same resistance from long term triangle pattern to reduce volatility is holding us at this position. Add to this bigger OB turned from bullish to bearish and fib extension 0.61. We will need much more exposure to surpass this level and that will be a first sign of major trend reversal if we stay above those levels. Lets see.....
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perfection MACD
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