28 November, 2019
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^BKX NASDAQ Bank Index Stock Charting
Study NASDAQ Bank Index stock chart and price action and Fibonacci.
Look left and think right. Manage your expectation.
Price Action supported near 61% and bounce up. Price Action breakout the resistance and test the 127%. See chart.
Remember to buy low sell high, or buy support and sell resistance. Fibonacci a good way to find good resistance or support level.
See chart, picture worth a thousand words.
Or if you can identify the H M Gartley pattern, ABCD pattern it will be much easier to find good entry or exit level.
Trade with eyes open.
Moses Stock Observation
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.