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Japan 225 Index

This Might Be a "Negative Reversal".

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When a MACD is much higher than the previous MACD, and the index price is the same,or lower, it sets up a "Negative Reversal". That means the MACD is so high it has nowhere left to go but down. Many times this leads to a price failure at prior resistance,
chrisbrecher
ChrisBrecher
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Chart PatternsOscillatorsSupport and Resistance

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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Chart PatternsOscillatorsSupport and Resistance
chrisbrecher
ChrisBrecher
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.