Simple stuff but notice how each low in RSI confirmed by subsequent MACD cross over, signals a rally.
Has happend 9 times in the last two years, including two slightly premature signals that still would have yielded a positive trade.
Now MACD appears to be ready to cross over following the recent RSI low. Notwithstanding ECB tomorrow will history repeat?
Good point and thanks for pointing out. You can say the same thing for exits. If you likewise use MACD crossover to identify the top, then the exit will be lower than the arrow suggests. I think the main conclusion is that the methodology has been able to confirm the swing lows and beginning of new rally fairly accurately during last almost two years uptrend. That’s all.