Identifying impulse using MACD
Updated
Hi fellows, MACD can be used for early indication in diverging market. MACD gives signal that price is going to change its direction very soon. If MACD shows sharp rise and fall and at the same time price forms impulse on the chart against the previous trending and diverging market then this indication can be used for change in trend direction.
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Strong diverging market. Comment
Sharp rise on MACD and Strong IMPULSE can be seen on MACD and on chart.Comment
This idea was based on this indication. i hope you will understand it better now. Comment
Here is the current price level. I hope this indication will help you in your analysis.
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