The red price line horizontal shows a clear trend of when the macd reverses coinciding with a sharp price reversal aswell
Right now on GMOM we have reached this MACD level
I expect a sharp price reversal, with the upper line of the formation on chart acting as support, this is shown with the double curved line
Right now on GMOM we have reached this MACD level
I expect a sharp price reversal, with the upper line of the formation on chart acting as support, this is shown with the double curved line