Hi fellows, MACD can be used for early indication in diverging market. MACD gives signal that price is going to change its direction very soon. If MACD shows sharp rise and fall and at the same time price forms impulse on the chart against the previous trending and diverging market then this indication can be used for change in trend direction.
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Strong diverging market.
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Sharp rise on MACD and Strong IMPULSE can be seen on MACD and on chart.
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This idea was based on this indication. i hope you will understand it better now.
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Here is the current price level. I hope this indication will help you in your analysis.
other people are charging $2500 for this information, i will not name them, we all know who they are. thanks for sharing it for free. appreciate that
Wave-Trader
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I hope this will help you and many others and thanks for your feedback mate. cheers.
MorhafMo
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thats right, thanks for sharing mate
Wave-Trader
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My pleasure mate.
burrr
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2500 is for the full course and if you dont value his time teaching you all the rules, keep believeing you are paying 2.5k for this information. which are also wrong
Wave-Trader
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Time is money. I am agree with you man. This educational post is just one indication. There is lot of other stuff which need to be considered before getting into market.
KhunHunSein
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right
gargindia
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Agreed
arshadd
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agreed,,,
tushargupta1991
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With all due respect, this is taught nowhere in the course. If you're developing this as a new strategy and it's working, then that's great; but this is not part of the $2500 course that you're mentioning.
In fact, the info posted above is freely available on the internet. You can simply google macd divergence. It's just that it works only in hindsight.