What to watch MACD
pattern latest on the 4 hour chart. If the current trough remains the highest trough followed by a crossover on the MACD
, I expect a move of thousands over the next week. The key bar is the bar with the lowest trough on the MACD
. The bar had a high of 11239 and low of 11076. I believe a move up is underway. Worth a punt with stops around low. In my pattern analysis it has only appeared to reverse and go the other way once, and not shown on chart - happened earlier i.e. first went up then down and made another crossover.