TNA - Chart Link- here's the leveraged ETF,
nice wedge and divergence
that said, on the 2hr time frame the MACD divergence is way
below zero, and remember my educational discussion that divergence
doesn't work as well when the MACD is too far from zero - so this
may suggest that if we see a bounce here, it will still be quite
volatile for a while
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IWM, TNA
Posted by matt on 21st of Apr 2024 at 03:34 pm
IWM - Chart Link- 2hr, price is at a demand zone with some MACD and RSI divergence
IWM - Chart Link- 60 min nice wedge forming
TNA - Chart Link- here's the leveraged ETF, nice wedge and divergence
that said, on the 2hr time frame the MACD divergence is way below zero, and remember my educational discussion that divergence doesn't work as well when the MACD is too far from zero - so this may suggest that if we see a bounce here, it will still be quite volatile for a while