Comparing two points of price and MACD
The MACD is very similar in both points, very over extended
This correlates well with the 1.618 fib level, which allows price to move down along the circle as the MACD retraces, as seen in the first scenario (0.618)
The MACD is very similar in both points, very over extended
This correlates well with the 1.618 fib level, which allows price to move down along the circle as the MACD retraces, as seen in the first scenario (0.618)