Discussion today: 1. Set up with MACD 2. How to tell if the bull is still intact? 3. How to tell if the bull is losing its momentum?
Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
Bullish Divergence: Represents the bull is losing its momentum. What this also means, not to get too complacent that the bull will be charging forever. In times like this, make calculated risks with our investment. Keep tracking, studying and be aware whenever there is a major shift in the market dynamic and trend.
Coming videos: • More example on divergence with examples on S&P, Dow Jones and Russell • Applying divergence on shorter timeframe markets with the Micro Emini US Indices