DBA - Chart Link- just keeps recovering and
pushing higher. Again, remember my educational discussion on the
MACD - yes there's MACD divergence but look how far above zero that
MACD is, typically when divergence is too far above zero like that,
it's not ready for a major top yet, only when the MACD has recycled
closer to zero
DBA - Chart Link- weekly cup and handle-
this was a great call of ours from January
$INDU - Chart Link- here's an example of MACD
divergence with the Dow Jones
you had a MACD divergence end of December, it looks tiny now but
that's because current move makes it look that way, if you take the
time back on the chart it looks more prominent.
anyway that divergence, at the time I discussed that it was too
far above zero and likely to only produce a minor pullback, not a
major top, and that's what it did, was more of a sideways
consolidation. The second MACD divergence where the second
peak had recycled close to zero -those are the MACD divergences
that produce big tops
that's one of the tricks I've learned with divergence, where is
it with respect to the zero level - it's one of those subjective
things you only see through 1000's of examples
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DBA screamer - and MACD education
Posted by matt on 18th of Apr 2024 at 09:46 am
DBA - Chart Link- just keeps recovering and pushing higher. Again, remember my educational discussion on the MACD - yes there's MACD divergence but look how far above zero that MACD is, typically when divergence is too far above zero like that, it's not ready for a major top yet, only when the MACD has recycled closer to zero
DBA - Chart Link- weekly cup and handle- this was a great call of ours from January
Update: DBA screamer - and MACD education
Posted by matt on 18th of Apr 2024 at 09:59 am
$INDU - Chart Link- here's an example of MACD divergence with the Dow Jones
you had a MACD divergence end of December, it looks tiny now but that's because current move makes it look that way, if you take the time back on the chart it looks more prominent.
anyway that divergence, at the time I discussed that it was too far above zero and likely to only produce a minor pullback, not a major top, and that's what it did, was more of a sideways consolidation. The second MACD divergence where the second peak had recycled close to zero -those are the MACD divergences that produce big tops
that's one of the tricks I've learned with divergence, where is it with respect to the zero level - it's one of those subjective things you only see through 1000's of examples