September 4, 2017
^NDX NASDAQ 100 and ABCD Pattern
Picture worth a thousand words. We see NDX retest the high. The market prepared to go lower to continue the trend, and it did. However, NDX rally for the rest of the week. The index high retest the last high.
Let’s see the chart in MACD indicator.
We like MACD. MACD is a leading indicator, lead the trend change. Check the chart that follows.
September 1, 2017 NASDAQ 100 and ABCD Pattern
^NDX NASDAQ 100 and MACD Indicator
MACD is a leading indicator, lead the trend change. Check the chart that follows. Monitor the breakout.
September 1, 2017 NASDAQ 100 and MACD Signal
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.