Elliott Wave Live: Trading Lessons: Accurately Analyzing MACD Divergences

Sunday, October 23, 2011

Trading Lessons: Accurately Analyzing MACD Divergences

Every Friday I dedicate my day to working in a Trading Lab to either developing new trading ideas or enhancing an existing trading strategy. This weeks trading lesson is based upon two hypothetical trades that I made during Friday's session and focuses on accurately analyzing MACD divergences and how the indicator can be used to confirm your elliott wave analysis.

Numerous professional traders dispel the use of divergence analysis but as you will see, when used to compliment your elliott wave analysis, divergences can help confirm your count and assist in determining market tops and bottoms.

I hope the examples contained within the following video will encourage you to do your own analysis and become confident to act on divergence analysis.

Best of Trading

1 comment:

ndhOctober 24, 2011 at 7:31 AM
Helpful video!
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Sunday, October 23, 2011

Trading Lessons: Accurately Analyzing MACD Divergences

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