Hi!
Another back test on M1 TF, observing price actions on candlesticks movement by applying HMA 9,21 & 50 as death and golden crossing and MACD & RSI as the reference on the market directions.
Gud luck!
p/s: no voice, pls ignore the background sound hehe
Hi!
Again and again observing price reactions on M1 TF while applying HMA 9,21 & 50 to see price reactions when these HMA's crossing each others up and down.
Fibonacci retracement helps to measure entry, SL and TP. Observe closely when HMA 9 crossing HMA 50 it will give effect golden and death crossing , very useful to gain in Long or short position.
gud luck!
In this analysis, we look at the SPX MACD Histogram on the daily, and how a clear trend is present that indicates an imminent market correction.
All 4 charts are linked below in case you'd like to take a closer look!
The trend is a MACD Histogram;
a. Contraction
b. Breakout / Warning shot
c. Correction
Today we are in the middle of the breakout / warning...