$WLD 4-hour MACD forms a bullish crossover below the zero line.
Let’s use this number to talk about MACD.
The length of the bars reflects the distance between DIF and DEA. Bars getting longer one by one indicate that momentum in the current direction is increasing, while shorter bars indicate that it is weakening.
MACD is better suited to confirming direction in a trending market than to pinpointing exact tops and bottoms.
All data only summarizes price movements that have already occurred; the market could very well move in the opposite direction.
#WLD
This view is for discussion purposes only. You assume all risk.
Let’s use this number to talk about MACD.
The length of the bars reflects the distance between DIF and DEA. Bars getting longer one by one indicate that momentum in the current direction is increasing, while shorter bars indicate that it is weakening.
MACD is better suited to confirming direction in a trending market than to pinpointing exact tops and bottoms.
All data only summarizes price movements that have already occurred; the market could very well move in the opposite direction.
#WLD
This view is for discussion purposes only. You assume all risk.