September 17, 2017
^HSI Hong Kong Hang Seng Index and Channel
Picture worth a thousand words, see the analysis on the chart.
Thinking Process
Another common technique in technical analysis is trendline, but again just like Elliott Wave count no one trader will draw the same trendline. Of course, trendline is much easier to get agreement. As as long as you connect two or more low or high the line will be a trendline.
To improve the trendline analysis, if you draw a trendline by connecting the low, copy and paste the trendline to the peak and form channel. This will improve the chart reading. See chart before for more. Picture worth a thousand words, see chart for more.
September 15, 2017 Hong Kong Hang Seng Index and Channel
Thanks for visit the site here. You could also find free MACD scan here in this site too.
Moses
AmiBrokerAcademy.com
Disclaimer
The above result is for illustration purpose. It is not meant to be used for buy or sell decision. We do not recommend any particular stocks. If particular stocks of such are mentioned, they are meant as demonstration of Amibroker as a powerful charting software and MACD. Amibroker can program to scan the stocks for buy and sell signals.
These are script generated signals. Not all scan results are shown here. The MACD signal should use with price action. Users must understand what MACD and price action are all about before using them. If necessary you should attend a course to learn more on Technical Analysis (TA) and Moving Average Convergence Divergence, MACD.
Once again, the website does not guarantee any results or investment return based on the information and instruction you have read here. It should be used as learning aids only and if you decide to trade real money, all trading decision should be your own.