Tuesday, May 24, 2011

How to use trendlines

The following table shows how to use trendlines and differences with the predicted MACD cross zero at the same time the TL is broken. Divergence is implying that the price will force behind him to remove Trendline resistance. Notice of setting started in higher time frame chart inserted. Dropping down to a lower time frame allowed us to have a better entry point with less risk.

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