This setup is a an example of how to read MACAD.
There should be confluence.
Price shot of up after the trend line was broken
There were multiple confulences indicating strong movement in the expected direction.
MA's in all the three MACAD were above the MACAD "0" Line.
There are lot of other factors related to MACAD which made this setup sucessful. Please let me know if you have any queries.
******For Educational purposes only****
There should be confluence.
Price shot of up after the trend line was broken
There were multiple confulences indicating strong movement in the expected direction.
MA's in all the three MACAD were above the MACAD "0" Line.
There are lot of other factors related to MACAD which made this setup sucessful. Please let me know if you have any queries.
******For Educational purposes only****
