Introduction Developed by Gerald Appel in the late seventies, the Moving Average Convergence/Divergence oscillator (MACD) is one of the simplest and most effective momentum indicators available. The MACD turns two trend-following indicators, moving averages, into a momentum oscillator by subtracting the longer moving average from the shorter moving average. As a...
Hi All, This is just a initial stage of the pattern, the pattern usually change to ascending/descending triangle and sometime to raising/ falling wedge or a channel. Just monitor on the declining of the volume until the breakout volume spike. (to identify the target price). 1. Descending Triangle - This pattern is usually a continuation pattern, but some cases,...
Hi All, This is for Educational Purpose. This Post is not based on single charts above, more will come below to complete the Analysis. Let start with basic analysis on a day chart. 1. 2 Nearest Trend line with current price action is been made. a. Uptrend from old trend line b. Current down Trend Line . 2. 250 Days SMA and 300 Days SMA is use to identify the...
Every time that we are looking for Support and Resistance, we are always wondering when will our price finally go up or down, in order not to risk your accounts, you can use the following MACD strategy and look for any price divergence. MACD Strategy: Fast Length: 3 Slow length: 10 Source: Close Signal Smoothing: 16 Happy Trading!!!