My last 3D idea didn't work out, as the whole market, especially the tech stocks continued their fall.
Now, all the stocks are turning up, and DDD has a very nice picture.
There's a tripple divergence on the histogram, and another divergence on the FI . (I'm sorry, on the histogram there is a double divergence, not tripple!)
First major resistance is at 55. If that level gets broken, I expect a rally to the 70$ area.
The EFI is a bit different, as it uses volume in its calculation. There will be times where there will be a divergence only on EFI, and not on the MACD, or the other way around. Best setups are when you see on both.
My method is very similar to the one Dr. Elder uses, with some adaptations. You can read his books if you wan't to learn more facts, or if you are interested you can check my other charts, most of them are analyzed with this method and you will see that it has a very high accuracy, and I'm only a rookie. I'm sure it can give even better results once experience comes in play.